Salesforce Inc. $CRM Shares Sold by Strategic Blueprint LLC

Strategic Blueprint LLC cut its stake in shares of Salesforce Inc. (NYSE:CRM) by 77.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 5,566 shares of the CRM provider’s stock after selling 19,262 shares during the period. Strategic Blueprint LLC’s holdings in Salesforce were worth $1,319,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CRM. Painted Porch Advisors LLC increased its stake in shares of Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 65 shares in the last quarter. Evolution Wealth Management Inc. acquired a new stake in Salesforce in the 2nd quarter worth about $27,000. CBIZ Investment Advisory Services LLC boosted its holdings in Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after buying an additional 85 shares during the last quarter. Christopher J. Hasenberg Inc increased its stake in Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after buying an additional 92 shares in the last quarter. Finally, Maseco LLP acquired a new position in shares of Salesforce during the second quarter valued at approximately $34,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Price Performance

Shares of CRM stock opened at $260.54 on Friday. 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 firm’s 50-day moving average is $250.33 and its two-hundred day moving average is $251.70. Salesforce Inc. has a 12 month low of $221.96 and a 12 month high of $367.09. The company has a market capitalization of $244.13 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 1.98 and a beta of 1.26.

Salesforce (NYSE:CRM) last posted 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. The business had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $10.27 billion. Salesforce had a net margin of 17.91% and a return on equity of 14.41%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. 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 was paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th were paid a $0.416 dividend. This represents a $1.66 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, December 18th. Salesforce’s dividend payout ratio is 22.16%.

Insider Transactions at Salesforce

In other Salesforce news, Director G Mason Morfit acquired 96,000 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was purchased at an average cost of $260.58 per share, with a total value of $25,015,680.00. Following the transaction, the director owned 2,994,509 shares of the company’s stock, valued at $780,309,155.22. This trade represents a 3.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Parker Harris sold 134,662 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the completion of the transaction, the insider directly owned 139,767 shares in the company, valued at $32,803,314.90. The trade was a 49.07% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 155,034 shares of company stock worth $36,726,584. 3.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CRM shares. UBS Group reiterated a “neutral” rating and set a $260.00 price target on shares of Salesforce in a research report on Thursday, December 4th. Citizens Jmp reaffirmed a “market outperform” rating and set a $430.00 target price on shares of Salesforce in a report on Tuesday, December 2nd. Macquarie raised their price target on shares of Salesforce from $250.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Truist Financial lowered their price target on shares of Salesforce from $400.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday, December 4th. Finally, Stifel Nicolaus cut their price objective on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus price target of $327.74.

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.