Salesforce Inc. $CRM Shares Sold by Y.D. More Investments Ltd

Y.D. More Investments Ltd reduced its position in shares of Salesforce Inc. (NYSE:CRM) by 27.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,855 shares of the CRM provider’s stock after selling 3,372 shares during the period. Y.D. More Investments Ltd’s holdings in Salesforce were worth $2,350,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Marquette Asset Management LLC purchased a new position in Salesforce during the third quarter worth approximately $26,000. Board of the Pension Protection Fund acquired a new position in Salesforce in the fourth quarter valued at about $26,000. Evolution Wealth Management Inc. purchased a new position in shares of Salesforce during the 2nd quarter worth approximately $27,000. Texas Capital Bancshares Inc TX purchased a new position in shares of Salesforce during the third quarter worth $28,000. Finally, Dorato Capital Management purchased a new position in Salesforce during the 4th quarter valued at about $39,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Salesforce

In related news, Director Laura Alber purchased 2,571 shares of Salesforce stock in a transaction dated Thursday, March 19th. The shares were acquired at an average price of $194.58 per share, with a total value of $500,265.18. Following the completion of 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Blair Kirk acquired 2,570 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was acquired at an average cost of $194.62 per share, with a total value of $500,173.40. Following the acquisition, the director owned 13,689 shares of the company’s stock, valued at $2,664,153.18. This trade represents a 23.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CRM has been the subject of several analyst reports. Roth Mkm lowered their target price on Salesforce from $395.00 to $325.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Morgan Stanley cut their target price on Salesforce from $398.00 to $287.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. Northland Securities reduced their price target on shares of Salesforce from $267.00 to $229.00 and set a “market perform” rating for the company in a research report on Tuesday, March 10th. BMO Capital Markets lowered their target price on shares of Salesforce from $235.00 to $225.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. Finally, Stifel Nicolaus dropped their price objective on Salesforce from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and an average price target of $280.21.

Salesforce Stock Performance

NYSE CRM opened at $187.01 on Monday. The business’s 50-day moving average price is $194.55 and its 200 day moving average price is $228.67. 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 Inc. has a twelve month low of $174.57 and a twelve month high of $296.05. The company has a market capitalization of $172.61 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 1.36 and a beta of 1.29.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, February 25th. The CRM provider reported $3.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.05 by $0.76. The firm had revenue of $11.20 billion during the quarter, compared to the consensus estimate of $11.18 billion. Salesforce had a net margin of 17.96% and a return on equity of 15.38%. Salesforce’s revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.78 earnings per share. 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, research analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce announced that its board has authorized a share repurchase program on Monday, March 16th that permits the company to repurchase $25.00 billion in shares. This repurchase authorization permits the CRM provider to purchase up to 14.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Salesforce Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Thursday, April 9th will be given a $0.44 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This is a positive change from Salesforce’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. Salesforce’s dividend payout ratio (DPR) is currently 21.25%.

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.