Salesforce Inc. $CRM Shares Sold by Means Investment CO. Inc.

Means Investment CO. Inc. cut its holdings in shares of Salesforce Inc. (NYSE:CRM) by 14.5% during the third quarter, Holdings Channel.com reports. The fund owned 17,712 shares of the CRM provider’s stock after selling 2,993 shares during the period. Means Investment CO. Inc.’s holdings in Salesforce were worth $4,198,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Jones Financial Companies Lllp grew its position in shares of Salesforce by 15.1% in the third quarter. Jones Financial Companies Lllp now owns 467,551 shares of the CRM provider’s stock valued at $113,420,000 after purchasing an additional 61,270 shares during the period. AGF Management Ltd. boosted its holdings in Salesforce by 42.2% in the 3rd quarter. AGF Management Ltd. now owns 281,054 shares of the CRM provider’s stock worth $66,610,000 after buying an additional 83,403 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its stake in Salesforce by 64.2% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 30,111 shares of the CRM provider’s stock worth $7,149,000 after buying an additional 11,777 shares in the last quarter. Alta Capital Management LLC raised its holdings in shares of Salesforce by 1,104.7% during the third quarter. Alta Capital Management LLC now owns 13,493 shares of the CRM provider’s stock valued at $3,198,000 after acquiring an additional 12,373 shares during the last quarter. Finally, Gallacher Capital Management LLC purchased a new position in shares of Salesforce in the third quarter valued at approximately $785,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Buying and Selling at Salesforce

In other Salesforce news, 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 transaction, the insider owned 139,767 shares of the company’s stock, valued at $32,803,314.90. This trade represents a 49.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Neelie Kroes sold 3,893 shares of the 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 sale, the director owned 7,299 shares in the company, valued at approximately $1,742,271.30. The trade was a 34.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $400.00 price target on shares of Salesforce in a research report on Thursday, December 4th. Royal Bank Of Canada lifted their target price on shares of Salesforce from $250.00 to $290.00 and gave the stock a “sector perform” rating in a research note on Monday, January 5th. Guggenheim reiterated a “neutral” rating on shares of Salesforce in a research report on Thursday, December 4th. Arete Research upgraded shares of Salesforce to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Morgan Stanley dropped their price objective on shares of Salesforce from $405.00 to $398.00 and set an “overweight” rating for the company in a research note on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $323.57.

Salesforce Price Performance

Salesforce stock opened at $193.89 on Tuesday. The company’s 50 day simple moving average is $242.79 and its 200-day simple moving average is $244.55. 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 1 year low of $185.73 and a 1 year high of $331.75. The company has a market capitalization of $181.67 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 1.31 and a beta of 1.27.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.39. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The firm had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $10.27 billion. During the same quarter in the previous year, the business earned $2.41 EPS. The company’s quarterly 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. As a group, equities research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were issued a $0.416 dividend. The ex-dividend date was Thursday, December 18th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.9%. Salesforce’s 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.