Lingohr Asset Management GmbH Acquires 25,759 Shares of Salesforce Inc. $CRM

Lingohr Asset Management GmbH grew its stake in Salesforce Inc. (NYSE:CRM) by 2,469.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,802 shares of the CRM provider’s stock after purchasing an additional 25,759 shares during the period. Salesforce comprises approximately 1.5% of Lingohr Asset Management GmbH’s investment portfolio, making the stock its 24th largest position. Lingohr Asset Management GmbH’s holdings in Salesforce were worth $6,352,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CRM. Brighton Jones LLC increased its stake in shares of Salesforce by 13.7% in the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after buying an additional 3,102 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Salesforce by 12.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after purchasing an additional 205 shares in the last quarter. Bison Wealth LLC boosted its stake in Salesforce by 9.0% during the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after acquiring an additional 184 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Salesforce by 3.7% in the second quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider’s stock valued at $807,000 after acquiring an additional 106 shares during the period. Finally, Pure Financial Advisors LLC increased its position in shares of Salesforce by 4.7% during the second quarter. Pure Financial Advisors LLC now owns 1,920 shares of the CRM provider’s stock worth $524,000 after acquiring an additional 87 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Buying and Selling

In other Salesforce news, Director Neelie Kroes sold 3,893 shares of Salesforce stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $238.70, for a total value of $929,259.10. Following the completion of the transaction, the director directly owned 7,299 shares of the company’s stock, valued at $1,742,271.30. This trade represents a 34.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Marc Benioff sold 122 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $3,085,096,889. This trade represents a 0.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 138,677 shares of company stock worth $32,566,029 in the last quarter. 3.00% of the stock is owned by insiders.

Salesforce Stock Down 0.9%

CRM stock opened at $212.10 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. Salesforce Inc. has a 1-year low of $208.78 and a 1-year high of $349.50. The stock has a market capitalization of $198.74 billion, a P/E ratio of 28.32, a P/E/G ratio of 1.60 and a beta of 1.26. The business has a fifty day moving average price of $246.78 and a 200-day moving average price of $247.52.

Salesforce (NYSE:CRM) last released its quarterly 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. The firm had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $10.27 billion. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Equities analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th were paid a $0.416 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.8%. Salesforce’s dividend payout ratio is 22.16%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CRM shares. DA Davidson boosted their target price on Salesforce from $225.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $300.00 target price on shares of Salesforce in a report on Thursday, December 4th. Royal Bank Of Canada upped their price objective on shares of Salesforce from $250.00 to $290.00 and gave the stock a “sector perform” rating in a research report on Monday, January 5th. Barclays upped their target price on Salesforce from $330.00 to $338.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Finally, Bank of America dropped their price target on shares of Salesforce from $325.00 to $305.00 and set a “buy” rating for the company in a research report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $324.51.

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.