Boothbay Fund Management LLC Acquires 7,408 Shares of Salesforce Inc. $CRM

Boothbay Fund Management LLC raised its holdings in shares of Salesforce Inc. (NYSE:CRM) by 28.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 33,043 shares of the CRM provider’s stock after purchasing an additional 7,408 shares during the period. Boothbay Fund Management LLC’s holdings in Salesforce were worth $9,010,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Brevan Howard Capital Management LP boosted its stake in shares of Salesforce by 453.9% during the second quarter. Brevan Howard Capital Management LP now owns 129,798 shares of the CRM provider’s stock valued at $35,395,000 after purchasing an additional 166,479 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in Salesforce by 23.5% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,028,739 shares of the CRM provider’s stock worth $280,527,000 after buying an additional 196,000 shares in the last quarter. AFT Forsyth & Company Inc. lifted its holdings in Salesforce by 1.2% during the second quarter. AFT Forsyth & Company Inc. now owns 10,084 shares of the CRM provider’s stock worth $2,750,000 after buying an additional 120 shares during the period. Ameriprise Financial Inc. boosted its position in Salesforce by 2.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,009,953 shares of the CRM provider’s stock valued at $1,366,084,000 after acquiring an additional 140,367 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Salesforce by 120.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,165,101 shares of the CRM provider’s stock valued at $317,711,000 after acquiring an additional 636,148 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Stock Down 0.0%

NYSE:CRM opened at $262.34 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a twelve month low of $221.96 and a twelve month high of $367.09. The company has a market cap of $245.81 billion, a PE ratio of 35.03, a P/E/G ratio of 1.96 and a beta of 1.25. The company’s 50 day moving average is $245.50 and its two-hundred day moving average is $252.26.

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

Salesforce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th will be paid a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, December 18th. Salesforce’s payout ratio is presently 22.16%.

Insider Activity

In other Salesforce news, Director G Mason Morfit purchased 96,000 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were bought at an average price of $260.58 per share, for a total transaction of $25,015,680.00. Following the acquisition, the director owned 2,994,509 shares in the company, valued at $780,309,155.22. This represents a 3.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $243.60, for a total transaction of $548,100.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,901,658,695.60. This represents a 0.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 177,534 shares of company stock valued at $42,194,197. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CRM. Sanford C. Bernstein restated an “underperform” rating on shares of Salesforce in a research note on Thursday, December 4th. Wall Street Zen upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Royal Bank Of Canada reissued a “sector perform” rating and set a $250.00 price target on shares of Salesforce in a research report on Thursday, December 4th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a research report on Tuesday, December 2nd. Finally, Stifel Nicolaus reduced their price objective on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, October 9th. Twenty-eight equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.46.

About Salesforce

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.