8,544 Shares in Salesforce Inc. $CRM Acquired by Collaborative Fund Advisors LLC

Collaborative Fund Advisors LLC acquired a new position in shares of Salesforce Inc. (NYSE:CRM) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,544 shares of the CRM provider’s stock, valued at approximately $1,595,000.

Other large investors also recently bought and sold shares of the company. Nvest Financial LLC lifted its holdings in shares of Salesforce by 8.3% in the first quarter. Nvest Financial LLC now owns 4,419 shares of the CRM provider’s stock valued at $825,000 after purchasing an additional 340 shares in the last quarter. Kathmere Capital Management LLC increased its stake in shares of Salesforce by 91.6% during the 1st quarter. Kathmere Capital Management LLC now owns 2,868 shares of the CRM provider’s stock worth $535,000 after purchasing an additional 1,371 shares in the last quarter. Abel Hall LLC increased its stake in shares of Salesforce by 7.3% during the 1st quarter. Abel Hall LLC now owns 2,464 shares of the CRM provider’s stock worth $460,000 after purchasing an additional 168 shares in the last quarter. Bogart Wealth LLC raised its position in shares of Salesforce by 22.9% during the 1st quarter. Bogart Wealth LLC now owns 1,096 shares of the CRM provider’s stock worth $205,000 after purchasing an additional 204 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its stake in Salesforce by 68.1% in the 1st quarter. Raleigh Capital Management Inc. now owns 232 shares of the CRM provider’s stock valued at $43,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Trading Down 0.1%

Shares of CRM opened at $165.94 on Monday. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $276.80. The company has a market capitalization of $135.90 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 1.03 and a beta of 1.18. The stock has a fifty day moving average of $173.23 and a two-hundred day moving average of $197.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate 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 revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.58 earnings per share. 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, analysts forecast that Salesforce Inc. will post 10.29 EPS for the current year.

Salesforce declared that its Board of Directors has approved a stock repurchase program on Monday, March 16th that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the CRM provider to buy up to 14.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were issued a $0.44 dividend. The ex-dividend date was Thursday, June 11th. This represents a $1.76 annualized dividend and a yield of 1.1%. Salesforce’s payout ratio is 20.37%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. DA Davidson dropped their price target on Salesforce from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Thursday, May 28th. Wall Street Zen upgraded Salesforce from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Wells Fargo & Company decreased their price objective on Salesforce from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 28th. Raymond James Financial initiated coverage on Salesforce in a research report on Wednesday. They set an “outperform” rating for the company. Finally, Guggenheim raised shares of Salesforce from a “neutral” rating to a “buy” rating and set a $228.00 target price for the company in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $254.42.

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.