Phoenix Financial Ltd. Has $9.63 Million Stake in Salesforce Inc. $CRM

Phoenix Financial Ltd. cut its holdings in shares of Salesforce Inc. (NYSE:CRM) by 24.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,351 shares of the CRM provider’s stock after selling 13,024 shares during the quarter. Phoenix Financial Ltd.’s holdings in Salesforce were worth $9,633,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Evolution Wealth Management Inc. bought a new position in Salesforce during the second quarter worth $27,000. Marquette Asset Management LLC acquired a new stake in shares of Salesforce during the 3rd quarter worth about $26,000. Spurstone Advisory Services LLC bought a new stake in shares of Salesforce during the 2nd quarter worth about $34,000. Quaker Wealth Management LLC boosted its holdings in shares of Salesforce by 208.6% during the 2nd quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock worth $34,000 after buying an additional 242 shares during the period. Finally, Country Trust Bank grew its stake in Salesforce by 658.8% in the 2nd quarter. Country Trust Bank now owns 129 shares of the CRM provider’s stock valued at $35,000 after buying an additional 112 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on CRM shares. TD Cowen restated a “buy” rating on shares of Salesforce in a research report on Thursday, December 4th. Bank of America lowered their target price on Salesforce from $325.00 to $305.00 and set a “buy” rating on the stock in a research note on Monday, November 17th. Macquarie lifted their price target on Salesforce from $250.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Salesforce from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Finally, Guggenheim reiterated a “neutral” rating on shares of Salesforce in a research report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $324.51.

Salesforce Stock Performance

NYSE:CRM opened at $229.41 on Tuesday. 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 $218.96 and a fifty-two week high of $367.09. The company has a market cap of $214.96 billion, a price-to-earnings ratio of 30.63, a PEG ratio of 1.70 and a beta of 1.26. The stock has a fifty day moving average price of $247.39 and a 200-day moving average price of $248.44.

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

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were given a dividend of $0.416 per share. The ex-dividend date was Thursday, December 18th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is currently 22.16%.

Insiders Place Their Bets

In other news, Director David Blair Kirk acquired 1,936 shares of the stock in a transaction on Wednesday, December 17th. The stock was acquired at an average cost of $258.64 per share, for a total transaction of $500,727.04. Following the completion of the transaction, the director directly owned 10,677 shares in the company, valued at approximately $2,761,499.28. This trade represents a 22.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $258.20, for a total value of $580,950.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,075,567,632.20. This represents a 0.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 143,177 shares of company stock valued at $33,714,069 over the last three months. 3.00% of the stock is owned by corporate insiders.

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.