Mirae Asset Global Investments Co. Ltd. Buys 326,446 Shares of Salesforce Inc. $CRM

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Salesforce Inc. (NYSE:CRM) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 326,446 shares of the CRM provider’s stock, valued at approximately $74,942,000.

Several other large investors have also recently added to or reduced their stakes in the company. Northern Financial Advisors Inc bought a new position in Salesforce in the 3rd quarter valued at $716,000. Vise Technologies Inc. increased its stake in shares of Salesforce by 39.1% in the third quarter. Vise Technologies Inc. now owns 45,628 shares of the CRM provider’s stock valued at $10,475,000 after buying an additional 12,828 shares in the last quarter. Grandfield & Dodd LLC increased its stake in shares of Salesforce by 12.0% in the third quarter. Grandfield & Dodd LLC now owns 1,866 shares of the CRM provider’s stock valued at $428,000 after buying an additional 200 shares in the last quarter. Cidel Asset Management Inc. raised its holdings in shares of Salesforce by 13.5% in the third quarter. Cidel Asset Management Inc. now owns 4,901 shares of the CRM provider’s stock valued at $1,125,000 after buying an additional 583 shares during the last quarter. Finally, Intrua Financial LLC acquired a new position in Salesforce during the 3rd quarter worth about $250,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Price Performance

Shares of NYSE CRM opened at $228.56 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The business’s 50 day moving average price is $238.94 and its two-hundred day moving average price is $198.88. The company has a market cap of $188.10 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 1.04 and a beta of 1.24. Salesforce Inc. has a twelve month low of $146.32 and a twelve month high of $269.11.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, beating the consensus estimate of $3.27 by $2.63. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The firm had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.33 billion. During the same period in the previous year, the company earned $2.91 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. On average, analysts predict that Salesforce Inc. will post 12.82 EPS for the current year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, September 17th. Salesforce’s dividend payout ratio (DPR) is currently 16.04%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CRM. Canaccord Genuity Group raised their price target on shares of Salesforce from $270.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, September 17th. Erste Group Bank upgraded Salesforce from a “hold” rating to a “buy” rating in a research report on Wednesday, August 5th. DA Davidson lifted their target price on Salesforce from $225.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, October 21st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Salesforce in a research note on Tuesday, October 20th. Finally, Weiss Ratings raised Salesforce from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, September 24th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $278.98.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce signed a definitive agreement to acquire Rune Technologies, a defense-technology company. The deal supports Salesforce’s push into military and government applications, potentially expanding its addressable market and adding a specialized technology platform. Financial terms were not disclosed. Salesforce Signs Definitive Agreement to Acquire Rune Technologies
• Positive Sentiment: TPM Holdings completed an 18-month realignment centered on Salesforce CRM and artificial intelligence for the architecture, engineering and construction industries. Its combination of TrebleHook and The Hunley Group could expand Salesforce-based implementations and demonstrate growing demand for industry-specific AI tools. TPM Holdings Accelerates Investment in AI and Salesforce CRM
• Positive Sentiment: Several analyst and investment articles describe Salesforce as a potential AI rebound candidate, citing autonomous AI agents, improving monetization, strong free cash flow and its leadership in customer relationship management. These views may support longer-term sentiment, although they are not new company guidance. AI Comeback Story Article
• Neutral Sentiment: Salesforce’s earnings report is approaching, making upcoming revenue growth, AI adoption, margins and forward guidance the main near-term catalysts. The company’s latest reported quarter included revenue of $11.35 billion and adjusted earnings that exceeded consensus estimates. Salesforce Earnings Preview
• Negative Sentiment: Salesforce declined in sympathy with ServiceNow, Fortinet and other software stocks after investors focused on slower contracted-revenue growth despite earnings beats and higher AI targets. The reaction has renewed concerns about enterprise-software demand, AI monetization timelines and elevated sector valuations. ServiceNow Results Dent Software Stocks

Insider Activity

In other Salesforce news, Director David Blair Kirk bought 4,176 shares of the firm’s stock in a transaction on Friday, September 18th. The shares were purchased at an average price of $239.33 per share, for a total transaction of $999,442.08. Following the transaction, the director directly owned 18,748 shares in the company, valued at approximately $4,486,958.84. This trade represents a 28.66% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Craig Conway sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the transaction, the director directly owned 5,437 shares in the company, valued at $1,416,936.57. This represents a 45.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.50% of the stock is owned by insiders.

Salesforce Profile

Salesforce, Inc (NYSE: CRM) is a global enterprise software company that provides cloud-based customer relationship management (CRM) technology. Its platform helps organizations manage sales, customer service, marketing, commerce, data, analytics and interactions with customers across digital and traditional channels.

The company’s products include Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud and Data Cloud. Salesforce also offers Tableau for data visualization and analytics, MuleSoft for application integration, and Slack for workplace collaboration.