Chilton Capital Management LLC Sells 3,745 Shares of Salesforce Inc. $CRM

Chilton Capital Management LLC decreased its position in shares of Salesforce Inc. (NYSE:CRM) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 104,153 shares of the CRM provider’s stock after selling 3,745 shares during the quarter. Chilton Capital Management LLC’s holdings in Salesforce were worth $24,684,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CRM. Marquette Asset Management LLC purchased a new position in shares of Salesforce in the third quarter valued at $26,000. Evolution Wealth Management Inc. purchased a new stake in shares of Salesforce in the 2nd quarter valued at about $27,000. Quaker Wealth Management LLC boosted its position in shares of Salesforce by 208.6% during the 2nd 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 purchased a new position in shares of Salesforce during the second quarter worth about $34,000. Finally, Country Trust Bank increased its position in shares of Salesforce by 658.8% in the second quarter. Country Trust Bank now owns 129 shares of the CRM provider’s stock worth $35,000 after purchasing an additional 112 shares during the last quarter. 80.43% of the stock is owned by institutional investors.

Insider Activity

In related news, Director David Blair Kirk purchased 1,936 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average cost of $258.64 per share, with a total value of $500,727.04. Following the transaction, the director directly owned 10,677 shares in the company, valued at $2,761,499.28. This trade represents a 22.15% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Neelie Kroes sold 3,893 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 7,299 shares of the company’s stock, valued at approximately $1,742,271.30. This trade represents a 34.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 143,177 shares of company stock valued at $33,714,069. 3.00% of the stock is currently owned by insiders.

Salesforce Stock Up 0.6%

Shares of NYSE CRM opened at $229.41 on Tuesday. The firm has a fifty day simple moving average of $247.39 and a two-hundred day simple moving average of $248.44. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $214.96 billion, a PE ratio of 30.63, a price-to-earnings-growth ratio of 1.70 and a beta of 1.26. Salesforce Inc. has a 12 month low of $218.96 and a 12 month high of $367.09.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.39. The firm had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $10.27 billion. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Equities analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th were paid a dividend of $0.416 per share. 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 0.7%. Salesforce’s dividend payout ratio (DPR) is currently 22.16%.

Analyst Ratings Changes

A number of equities analysts have commented on CRM shares. Evercore ISI cut their price target on shares of Salesforce from $360.00 to $340.00 and set an “outperform” rating for the company in a research note on Thursday, December 4th. Sanford C. Bernstein reiterated an “underperform” rating on shares of Salesforce in a research report on Thursday, December 4th. Citigroup downgraded Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. BMO Capital Markets lowered their price target on Salesforce from $280.00 to $275.00 and set an “outperform” rating on the stock in a research report on Thursday, December 4th. Finally, Northland Securities upped their price objective on Salesforce from $264.00 to $267.00 and gave the stock a “market perform” rating in a report on Thursday, December 4th. One research 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.