Profund Advisors LLC Purchases 2,704 Shares of Salesforce Inc. $CRM

Profund Advisors LLC grew its position in Salesforce Inc. (NYSE:CRM) by 7.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 40,041 shares of the CRM provider’s stock after buying an additional 2,704 shares during the period. Profund Advisors LLC’s holdings in Salesforce were worth $9,490,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CRM. Marquette Asset Management LLC bought a new position in shares of Salesforce in the 3rd quarter valued at about $26,000. Evolution Wealth Management Inc. acquired a new position in Salesforce in the second quarter valued at approximately $27,000. Quaker Wealth Management LLC boosted its stake in Salesforce by 208.6% in the second quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock valued at $34,000 after acquiring an additional 242 shares during the last quarter. Spurstone Advisory Services LLC acquired a new stake in Salesforce during the 2nd quarter worth $34,000. Finally, Country Trust Bank raised its position in shares of Salesforce by 658.8% during the 2nd quarter. Country Trust Bank now owns 129 shares of the CRM provider’s stock valued at $35,000 after acquiring an additional 112 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Performance

Shares of CRM stock opened at $191.48 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 0.98. Salesforce Inc. has a 52 week low of $187.12 and a 52 week high of $333.82. The company’s 50 day moving average price is $243.57 and its two-hundred day moving average price is $245.07. The company has a market capitalization of $179.42 billion, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 1.31 and a beta of 1.27.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, topping 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 company had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $10.27 billion. During the same quarter in the prior year, the firm earned $2.41 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders 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 annualized dividend and a dividend yield of 0.9%. Salesforce’s dividend payout ratio (DPR) is currently 22.16%.

Wall Street Analyst Weigh In

CRM has been the topic of several recent research reports. BTIG Research began coverage on Salesforce in a research report on Tuesday, December 16th. They issued a “buy” rating and a $335.00 price target on the stock. Sanford C. Bernstein restated an “underperform” rating on shares of Salesforce in a research report on Thursday, December 4th. UBS Group reiterated a “neutral” rating and issued a $260.00 price target on shares of Salesforce in a research report on Thursday, December 4th. Guggenheim reissued a “neutral” rating on shares of Salesforce in a research note on Thursday, December 4th. Finally, Citigroup downgraded shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.57.

Insider Transactions at Salesforce

In related news, insider Parker Harris sold 134,662 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the completion of the transaction, the insider directly owned 139,767 shares in the company, valued at approximately $32,803,314.90. This trade represents a 49.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director G Mason Morfit purchased 96,000 shares of Salesforce stock in a transaction on Friday, December 5th. The shares were purchased at an average cost of $260.58 per share, with a total value of $25,015,680.00. Following the transaction, the director 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 disclosure for this purchase is available in the SEC filing. Corporate insiders own 3.00% of the company’s stock.

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.