Mattern Capital Management LLC Makes New Investment in Salesforce Inc. $CRM

Mattern Capital Management LLC purchased a new stake in shares of Salesforce Inc. (NYSE:CRM) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,734 shares of the CRM provider’s stock, valued at approximately $885,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CRM. KDT Advisors LLC lifted its position in Salesforce by 4.1% during the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock valued at $260,000 after purchasing an additional 38 shares during the last quarter. Scott & Selber Inc. increased its holdings in shares of Salesforce by 0.7% in the 2nd quarter. Scott & Selber Inc. now owns 5,850 shares of the CRM provider’s stock worth $1,595,000 after buying an additional 39 shares during the last quarter. Hanson & Doremus Investment Management raised its position in shares of Salesforce by 6.9% during the 2nd quarter. Hanson & Doremus Investment Management now owns 607 shares of the CRM provider’s stock valued at $166,000 after buying an additional 39 shares in the last quarter. Beverly Hills Private Wealth LLC lifted its holdings in shares of Salesforce by 2.3% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 1,716 shares of the CRM provider’s stock worth $468,000 after acquiring an additional 39 shares during the last quarter. Finally, Lifeworks Advisors LLC grew its position in Salesforce by 2.9% in the second quarter. Lifeworks Advisors LLC now owns 1,420 shares of the CRM provider’s stock worth $387,000 after acquiring an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insiders Place Their Bets

In other Salesforce news, Director David Blair Kirk bought 1,936 shares of Salesforce stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average cost of $258.64 per share, with a total value of $500,727.04. Following the completion of the purchase, the director owned 10,677 shares of the company’s stock, valued at approximately $2,761,499.28. This represents a 22.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director G Mason Morfit bought 96,000 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were acquired at an average price of $260.58 per share, with a total value of $25,015,680.00. Following the acquisition, the director owned 2,994,509 shares of the company’s stock, 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. In the last quarter, insiders have sold 161,784 shares of company stock worth $38,357,182. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

CRM has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Salesforce in a research report on Monday. JMP Securities reissued a “market outperform” rating and set a $430.00 price objective on shares of Salesforce in a report on Friday, October 17th. Wall Street Zen raised Salesforce from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Arete Research upgraded shares of Salesforce to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, BMO Capital Markets decreased their price target on shares of Salesforce from $280.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $326.68.

Salesforce Stock Performance

NYSE:CRM opened at $264.78 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 0.98. Salesforce Inc. has a fifty-two week low of $221.96 and a fifty-two week high of $367.09. The firm has a market cap of $248.10 billion, a PE ratio of 35.35, a price-to-earnings-growth ratio of 1.97 and a beta of 1.26. The business has a 50 day moving average price of $249.80 and a 200-day moving average price of $251.74.

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

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th will be given a dividend of $0.416 per share. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $1.66 dividend on an annualized basis and a yield of 0.6%. Salesforce’s dividend payout ratio is presently 22.16%.

About Salesforce

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.