Vest Financial LLC Buys 33,092 Shares of Salesforce Inc. $CRM

Vest Financial LLC boosted its position in shares of Salesforce Inc. (NYSE:CRM) by 21.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 190,692 shares of the CRM provider’s stock after purchasing an additional 33,092 shares during the quarter. Vest Financial LLC’s holdings in Salesforce were worth $45,194,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Marquette Asset Management LLC acquired a new stake in shares of Salesforce in the 3rd quarter valued at about $26,000. Evolution Wealth Management Inc. acquired a new position in shares of Salesforce during the 2nd quarter worth about $27,000. Maseco LLP bought a new position in shares of Salesforce in the 2nd quarter valued at about $34,000. Quaker Wealth Management LLC increased its position in shares of Salesforce by 208.6% in the second quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock valued at $34,000 after acquiring an additional 242 shares during the last quarter. Finally, Spurstone Advisory Services LLC bought a new stake in Salesforce during the second quarter worth about $34,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CRM. Guggenheim reaffirmed a “neutral” rating on shares of Salesforce in a research report on Thursday, December 4th. Cowen reiterated a “buy” rating on shares of Salesforce in a research note on Thursday, December 4th. Canaccord Genuity Group reiterated a “buy” rating and set a $300.00 price target on shares of Salesforce in a report on Thursday, December 4th. UBS Group restated a “neutral” rating and issued a $260.00 price objective on shares of Salesforce in a research note on Thursday, December 4th. Finally, Barclays lifted their target price on Salesforce from $330.00 to $338.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $324.51.

Insider Activity at Salesforce

In other news, Director David Blair Kirk acquired 1,936 shares of Salesforce stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average price of $258.64 per share, for a total transaction of $500,727.04. Following the transaction, the director directly owned 10,677 shares of the company’s stock, valued at approximately $2,761,499.28. The trade was a 22.15% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Parker Harris sold 134,662 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 147,677 shares of company stock worth $34,865,371 over the last 90 days. 3.00% of the stock is currently owned by company insiders.

Salesforce Stock Performance

Shares of Salesforce stock opened at $220.24 on Wednesday. The company has a 50 day moving average of $248.58 and a 200-day moving average of $249.64. The company has a market cap of $206.37 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 1.69 and a beta of 1.26. Salesforce Inc. has a 1-year low of $219.35 and a 1-year high of $367.09. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.14.

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

Salesforce Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, December 18th. 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.