Eagle Strategies LLC Purchases 5,568 Shares of Salesforce Inc. $CRM

Eagle Strategies LLC increased its position in shares of Salesforce Inc. (NYSE:CRM) by 57.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,328 shares of the CRM provider’s stock after acquiring an additional 5,568 shares during the quarter. Eagle Strategies LLC’s holdings in Salesforce were worth $3,633,000 as of its most recent SEC filing.

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

Insider Activity at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $252.04, for a total value of $567,090.00. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,002,192,354.84. This represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director G Mason Morfit acquired 96,000 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were purchased at an average cost of $260.58 per share, for a total transaction of $25,015,680.00. Following the purchase, the director directly owned 2,994,509 shares in the company, valued at approximately $780,309,155.22. This trade represents a 3.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders sold 161,784 shares of company stock worth $38,357,182. 3.00% of the stock is owned by corporate insiders.

Salesforce Stock Down 4.2%

NYSE:CRM opened at $253.68 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98. The company’s fifty day moving average price is $249.78 and its 200-day moving average price is $251.60. Salesforce Inc. has a 1-year low of $221.96 and a 1-year high of $367.09. The firm has a market capitalization of $237.70 billion, a P/E ratio of 33.87, a PEG ratio of 1.89 and a beta of 1.26.

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

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 18th will be issued a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, December 18th. Salesforce’s dividend payout ratio (DPR) is 22.16%.

Analyst Ratings Changes

Several equities research analysts have weighed in on CRM shares. Macquarie raised their price target on Salesforce from $250.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. BMO Capital Markets lowered their target price on shares of Salesforce from $280.00 to $275.00 and set an “outperform” rating for the company in a research note on Thursday, December 4th. Cowen restated a “buy” rating on shares of Salesforce in a research note on Thursday, December 4th. Citizens Jmp reiterated a “market outperform” rating and set a $430.00 price objective on shares of Salesforce in a research note on Tuesday, December 2nd. Finally, Stifel Nicolaus dropped their price objective on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and an average price target of $326.68.

Salesforce Company 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.