Clare Market Investments LLC Makes New $1.02 Million Investment in Salesforce Inc. $CRM

Clare Market Investments LLC purchased a new stake in Salesforce Inc. (NYSE:CRM) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,469 shares of the CRM provider’s stock, valued at approximately $1,021,000.

Other institutional investors also recently made changes to their positions in the company. Commonwealth Retirement Investments LLC acquired a new position in Salesforce in the 4th quarter valued at about $25,000. Board of the Pension Protection Fund purchased a new position in Salesforce during the fourth quarter worth about $26,000. Key Capital Management INC purchased a new position in Salesforce during the fourth quarter worth about $26,000. Gilpin Wealth Management LLC purchased a new position in shares of Salesforce during the 4th quarter worth about $26,000. Finally, Legacy Bridge LLC purchased a new stake in shares of Salesforce during the 4th quarter valued at $27,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Performance

Shares of NYSE CRM opened at $169.98 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. The firm’s 50-day moving average price is $173.23 and its two-hundred day moving average price is $197.31. Salesforce Inc. has a 52-week low of $146.32 and a 52-week high of $276.80. The stock has a market capitalization of $139.21 billion, a P/E ratio of 19.67, a P/E/G ratio of 1.03 and a beta of 1.18.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates of $3.13 by $0.75. The business had revenue of $11.13 billion for the quarter, compared to analysts’ expectations of $11.05 billion. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.58 EPS. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. As a group, sell-side analysts forecast that Salesforce Inc. will post 10.29 earnings per share for the current year.

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 11th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 11th. Salesforce’s dividend payout ratio is 20.37%.

Salesforce declared that its board has approved a share buyback plan on Monday, March 16th that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the CRM provider to buy up to 14.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

CRM has been the topic of several recent research reports. DA Davidson reduced their target price on shares of Salesforce from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Thursday, May 28th. Truist Financial lowered Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. TD Cowen reiterated a “buy” rating on shares of Salesforce in a report on Friday, June 12th. KeyCorp reduced their price target on Salesforce from $300.00 to $290.00 and set an “overweight” rating for the company in a report on Thursday, May 28th. Finally, HC Wainwright downgraded shares of Salesforce to a “negative” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $254.42.

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.