Czech National Bank Purchases 8,275 Shares of Salesforce Inc. $CRM

Czech National Bank raised its position in Salesforce Inc. (NYSE:CRM) by 3.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 242,804 shares of the CRM provider’s stock after purchasing an additional 8,275 shares during the quarter. Czech National Bank’s holdings in Salesforce were worth $57,545,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Painted Porch Advisors LLC lifted its stake in shares of Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 65 shares during the last quarter. Evolution Wealth Management Inc. bought a new position in Salesforce in the 2nd quarter valued at $27,000. CBIZ Investment Advisory Services LLC increased its stake in Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 85 shares during the period. Christopher J. Hasenberg Inc increased its stake in Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after purchasing an additional 92 shares during the period. Finally, Maseco LLP bought a new stake in shares of Salesforce during the second quarter worth $34,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling at Salesforce

In other news, Director G Mason Morfit bought 96,000 shares of the stock in a transaction on Friday, December 5th. The stock was bought at an average cost of $260.58 per share, for a total transaction of $25,015,680.00. Following the completion of the purchase, the director directly owned 2,994,509 shares in the company, valued at approximately $780,309,155.22. The trade was a 3.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Marc Benioff sold 122 shares of Salesforce stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $259.00, for a total transaction of $31,598.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,085,096,889. This represents a 0.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 173,034 shares of company stock valued at $41,097,367. 3.00% of the stock is currently owned by insiders.

Salesforce Stock Performance

Shares of CRM stock opened at $258.10 on Thursday. The firm has a market cap of $241.84 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 1.90 and a beta of 1.25. The company’s 50 day moving average is $246.33 and its 200 day moving average is $251.81. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 52-week low of $221.96 and a 52-week high of $367.09.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.39. The company had revenue of $10.26 billion during the quarter, compared to analyst estimates of $10.27 billion. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.Salesforce’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.41 earnings per share. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, sell-side analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th will be issued a $0.416 dividend. The ex-dividend date is Thursday, December 18th. This represents a $1.66 dividend on an annualized basis and a yield of 0.6%. Salesforce’s payout ratio is currently 22.16%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Sanford C. Bernstein restated an “underperform” rating on shares of Salesforce in a report on Thursday, December 4th. BTIG Research initiated coverage on shares of Salesforce in a research report on Tuesday. They issued a “buy” rating and a $335.00 price objective for the company. Morgan Stanley dropped their target price on shares of Salesforce from $405.00 to $398.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Salesforce from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Salesforce in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Salesforce has a consensus rating of “Moderate Buy” and a consensus target price of $326.68.

Salesforce Profile

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.