Neville Rodie & Shaw Inc. Has $10.39 Million Stake in Salesforce Inc. $CRM

Neville Rodie & Shaw Inc. lowered its stake in Salesforce Inc. (NYSE:CRM) by 26.9% in the third quarter, Holdings Channel reports. The fund owned 43,853 shares of the CRM provider’s stock after selling 16,117 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Salesforce were worth $10,393,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rydar Equities Inc. acquired a new position in Salesforce during the 2nd quarter worth approximately $229,000. Capital A Wealth Management LLC grew its stake in shares of Salesforce by 40.9% during the second quarter. Capital A Wealth Management LLC now owns 155 shares of the CRM provider’s stock worth $41,000 after buying an additional 45 shares during the last quarter. National Wealth Management Group LLC bought a new stake in shares of Salesforce during the second quarter worth $327,000. Dakota Community Bank & Trust NA increased its holdings in shares of Salesforce by 8.1% during the second quarter. Dakota Community Bank & Trust NA now owns 639 shares of the CRM provider’s stock worth $174,000 after buying an additional 48 shares in the last quarter. Finally, Caldwell Trust Co bought a new position in shares of Salesforce in the 2nd quarter valued at $4,921,000. 80.43% of the stock is owned by institutional investors.

Insider Activity at Salesforce

In other news, insider Parker Harris sold 134,662 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total value of $31,605,171.40. Following the transaction, the insider directly owned 139,767 shares of the company’s stock, valued at $32,803,314.90. The trade was a 49.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director G Mason Morfit bought 96,000 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were acquired at an average price of $260.58 per share, for a total transaction of $25,015,680.00. Following the transaction, 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 disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 175,284 shares of company stock worth $41,648,819 over the last quarter. Company insiders own 3.00% of the company’s stock.

Salesforce Price Performance

Shares of CRM opened at $262.34 on Monday. The business has a 50-day moving average of $245.50 and a 200-day moving average of $251.92. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $245.81 billion, a price-to-earnings ratio of 35.03, a price-to-earnings-growth ratio of 1.95 and a beta of 1.25. Salesforce Inc. has a 1 year low of $221.96 and a 1 year high of $367.09.

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

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 18th will be paid a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, December 18th. Salesforce’s dividend payout ratio (DPR) is currently 22.16%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CRM. Evercore ISI reduced their price objective on Salesforce from $360.00 to $340.00 and set an “outperform” rating on the stock in a research report on Thursday, December 4th. Northland Capmk lowered Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 14th. Robert W. Baird reduced their price target on Salesforce from $325.00 to $315.00 and set an “outperform” rating on the stock in a report on Thursday, December 4th. Oppenheimer lowered their price objective on Salesforce from $315.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday, December 1st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Salesforce in a research report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.