Blue Zone Wealth Advisors LLC Acquires 11,467 Shares of Salesforce Inc. $CRM

Blue Zone Wealth Advisors LLC raised its holdings in shares of Salesforce Inc. (NYSE:CRM) by 43.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 38,135 shares of the CRM provider’s stock after purchasing an additional 11,467 shares during the period. Salesforce accounts for about 1.8% of Blue Zone Wealth Advisors LLC’s portfolio, making the stock its 16th largest position. Blue Zone Wealth Advisors LLC’s holdings in Salesforce were worth $9,038,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Painted Porch Advisors LLC raised its stake in Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after buying an additional 65 shares in the last quarter. Evolution Wealth Management Inc. bought a new stake in Salesforce during the 2nd quarter valued at $27,000. CBIZ Investment Advisory Services LLC increased its holdings in shares of Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 85 shares during the period. Christopher J. Hasenberg Inc raised its position in shares of Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after acquiring an additional 92 shares in the last quarter. Finally, Maseco LLP bought a new position in shares of Salesforce in the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Activity

In other Salesforce news, CEO Marc Benioff sold 122 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,085,096,889. This represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Parker Harris sold 134,662 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $234.70, for a total value of $31,605,171.40. Following the completion of the sale, the insider directly owned 139,767 shares in the company, valued at approximately $32,803,314.90. The trade was a 49.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 166,284 shares of company stock valued at $39,439,229. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Robert W. Baird decreased their target price on shares of Salesforce from $325.00 to $315.00 and set an “outperform” rating for the company in a research report on Thursday, December 4th. Evercore ISI dropped their target price on Salesforce from $360.00 to $340.00 and set an “outperform” rating on the stock in a research note on Thursday, December 4th. Mizuho set a $340.00 price target on Salesforce in a research note on Wednesday, December 10th. UBS Group reissued a “neutral” rating and issued a $260.00 price target on shares of Salesforce in a report on Thursday, December 4th. Finally, Guggenheim restated a “neutral” rating on shares of Salesforce in a report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $326.68.

Salesforce Trading Up 0.7%

Salesforce stock opened at $265.29 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12 month low of $221.96 and a 12 month high of $367.09. The stock’s 50 day simple moving average is $248.70 and its two-hundred day simple moving average is $251.77. The firm has a market cap of $248.57 billion, a PE ratio of 35.42, a P/E/G ratio of 1.98 and a beta of 1.25.

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

Salesforce Announces Dividend

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

Salesforce Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.