5,000 Shares in Salesforce Inc. $CRM Purchased by Waycross Partners LLC

Waycross Partners LLC bought a new position in shares of Salesforce Inc. (NYSE:CRM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,000 shares of the CRM provider’s stock, valued at approximately $1,148,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Salesforce during the second quarter worth $11,396,844,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Salesforce by 130.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock worth $2,363,096,000 after purchasing an additional 7,160,302 shares during the last quarter. Bank of America Corp DE increased its holdings in Salesforce by 28.0% in the first quarter. Bank of America Corp DE now owns 11,724,790 shares of the CRM provider’s stock valued at $2,188,666,000 after purchasing an additional 2,561,923 shares during the period. Legal & General Group Plc acquired a new stake in Salesforce in the second quarter valued at $927,332,000. Finally, Bank of New York Mellon Corp bought a new position in Salesforce during the 2nd quarter worth $844,928,000. 80.43% of the stock is owned by institutional investors.

Salesforce Trading Down 3.8%

Shares of Salesforce stock traded down $8.45 on Friday, hitting $213.96. 6,708,466 shares of the company’s stock traded hands, compared to its average volume of 7,142,592. The company has a fifty day moving average of $239.53 and a two-hundred day moving average of $198.64. Salesforce Inc. has a one year low of $146.32 and a one year high of $269.11. The company has a market capitalization of $176.09 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 1.03 and a beta of 1.24. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84.

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

Salesforce Announces Dividend

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

Insider Buying and Selling at Salesforce

In other news, Director David Blair Kirk bought 4,176 shares of the firm’s stock in a transaction that occurred on Friday, September 18th. The stock was acquired at an average cost of $239.33 per share, with a total value of $999,442.08. Following the transaction, the director directly owned 18,748 shares of the company’s stock, valued at approximately $4,486,958.84. This represents a 28.66% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig Conway sold 4,500 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $260.61, for a total value of $1,172,745.00. Following the completion of the transaction, the director owned 5,437 shares in the company, valued at approximately $1,416,936.57. The trade was a 45.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

CRM has been the topic of several recent research reports. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Salesforce in a report on Thursday, August 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $300.00 price objective on shares of Salesforce in a research note on Wednesday, October 21st. Stifel Nicolaus upped their target price on Salesforce from $275.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, September 17th. DA Davidson increased their target price on shares of Salesforce from $225.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, October 21st. Finally, Citizens Jmp restated a “market outperform” rating and set a $315.00 price target on shares of Salesforce in a report on Friday, September 18th. Four research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $278.98.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce’s planned acquisition of AI voice-agent company Cresta could strengthen Agentforce and Service Cloud, adding capabilities for customer-service automation. The deal also brings acquisition costs and execution risks. Article: Salesforce Bets on AI Voice Agents With Planned Cresta Acquisition
• Positive Sentiment: Zacks Research upgraded Salesforce from “hold” to “strong buy,” a favorable analyst signal that may help counter near-term concerns. Article: Zacks Research rating
• Neutral Sentiment: Salesforce is expanding its Coworker offering and promoting a 21-times growth claim, but the report notes that no baseline is provided, making the figure difficult to assess. Article: Salesforce Expands Coworker’s Reach, but Its 21× Growth Claim Has No Baseline
• Neutral Sentiment: The company is extending Agent Fabric to help businesses manage AI agents across platforms. Its large customer base and reported 1.2 billion daily requests suggest potential, but investors still need evidence that the AI activity will translate into meaningful revenue. Article: Salesforce Stock: The 1 Number Investors Still Need to See
• Negative Sentiment: A broader software sell-off is weighing on CRM, while S&P Global Ratings cut Salesforce’s credit rating to A from A+. S&P cited acquisition spending and a $25 billion debt-financed buyback, which lifted pro forma net debt relative to EBITDA above its previous downgrade threshold. The rating action raises concerns about leverage and aggressive capital allocation. Article: S&P cuts Salesforce to A on rising acquisition debt and buybacks

About Salesforce

Salesforce, Inc is a cloud-based software company best known for customer relationship management (CRM) tools. Its platform helps businesses manage sales, customer service, marketing, commerce and customer data, and includes products such as Sales Cloud, Service Cloud, Data Cloud and Agentforce.

The company also offers Slack for workplace collaboration, Tableau for data analytics and visualization, and MuleSoft for connecting applications and data. Salesforce’s products are used by organizations across a range of industries and are available to customers around the world.

Founded in 1999 by Marc Benioff and other co-founders, Salesforce is headquartered in San Francisco.