Cache Advisors LLC Sells 2,884 Shares of Salesforce Inc. $CRM

Cache Advisors LLC decreased its holdings in Salesforce Inc. (NYSE:CRM) by 23.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,668 shares of the CRM provider’s stock after selling 2,884 shares during the period. Salesforce makes up about 0.3% of Cache Advisors LLC’s portfolio, making the stock its 25th biggest position. Cache Advisors LLC’s holdings in Salesforce were worth $2,561,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Marquette Asset Management LLC bought a new stake in shares of Salesforce during the 3rd quarter valued at approximately $26,000. Board of the Pension Protection Fund bought a new stake in shares of Salesforce during the 4th quarter valued at approximately $26,000. Evolution Wealth Management Inc. bought a new stake in shares of Salesforce during the 2nd quarter valued at approximately $27,000. Texas Capital Bancshares Inc TX bought a new stake in shares of Salesforce during the 3rd quarter valued at approximately $28,000. Finally, Dorato Capital Management bought a new stake in shares of Salesforce during the 4th quarter valued at approximately $39,000. Institutional investors own 80.43% of the company’s stock.

Insider Transactions at Salesforce

In other news, Director Laura Alber purchased 2,571 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were purchased at an average price of $194.58 per share, for a total transaction of $500,265.18. Following the transaction, the director owned 9,530 shares of the company’s stock, valued at approximately $1,854,347.40. This trade represents a 36.94% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Neelie Kroes sold 3,893 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $238.70, for a total transaction of $929,259.10. Following the completion of the transaction, the director owned 7,299 shares in the company, valued at $1,742,271.30. This trade represents a 34.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.00% of the company’s stock.

Salesforce Stock Down 3.7%

Shares of CRM opened at $176.18 on Thursday. The company has a market capitalization of $162.62 billion, a PE ratio of 22.56, a PEG ratio of 1.36 and a beta of 1.29. Salesforce Inc. has a 12 month low of $174.57 and a 12 month high of $296.05. The stock’s 50-day moving average price is $191.71 and its two-hundred day moving average price is $227.44. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, February 25th. The CRM provider reported $3.81 EPS for the quarter, topping the consensus estimate of $3.05 by $0.76. The firm had revenue of $11.20 billion for the quarter, compared to the consensus estimate of $11.18 billion. Salesforce had a return on equity of 15.38% and a net margin of 17.96%.The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.78 EPS. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. On average, analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce announced that its Board of Directors has approved a stock repurchase plan on Monday, March 16th that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the CRM provider to reacquire up to 14.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Salesforce Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, April 9th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, April 9th. This is a boost from Salesforce’s previous quarterly dividend of $0.42. Salesforce’s dividend payout ratio (DPR) is presently 21.25%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CRM. Wells Fargo & Company reduced their price objective on Salesforce from $235.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. UBS Group reduced their price objective on Salesforce from $260.00 to $200.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. Jefferies Financial Group reduced their price objective on Salesforce from $375.00 to $250.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. TD Cowen reduced their price objective on Salesforce from $325.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Salesforce in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $280.21.

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.