Cantor Fitzgerald L. P. Has $5.82 Million Position in Salesforce Inc. $CRM

Cantor Fitzgerald L. P. boosted its position in Salesforce Inc. (NYSE:CRMFree Report) by 349.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,565 shares of the CRM provider’s stock after purchasing an additional 19,096 shares during the quarter. Cantor Fitzgerald L. P.’s holdings in Salesforce were worth $5,822,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRM. Evolution Wealth Management Inc. acquired a new stake in shares of Salesforce during the second quarter worth $27,000. Marquette Asset Management LLC acquired a new position in shares of Salesforce in the third quarter valued at about $26,000. Texas Capital Bancshares Inc TX acquired a new position in shares of Salesforce in the third quarter valued at about $28,000. Country Trust Bank increased its position in Salesforce by 658.8% during the second quarter. Country Trust Bank now owns 129 shares of the CRM provider’s stock worth $35,000 after acquiring an additional 112 shares during the period. Finally, Kilter Group LLC acquired a new stake in Salesforce in the 2nd quarter worth about $42,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRM has been the subject of a number of recent research reports. Wolfe Research reissued an “outperform” rating on shares of Salesforce in a report on Thursday, January 15th. Wall Street Zen upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Wedbush reiterated an “outperform” rating and issued a $375.00 price target on shares of Salesforce in a research note on Tuesday, February 24th. Cantor Fitzgerald reissued an “overweight” rating on shares of Salesforce in a research report on Thursday, February 26th. Finally, Citizens Jmp restated a “market outperform” rating and set a $430.00 price objective on shares of Salesforce in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Salesforce currently has a consensus rating of “Moderate Buy” and an average price target of $282.06.

Read Our Latest Report on CRM

Salesforce Stock Performance

Shares of Salesforce stock opened at $192.63 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. The company has a market cap of $177.80 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29. The company has a 50 day moving average of $210.48 and a 200-day moving average of $235.09. Salesforce Inc. has a 1-year low of $174.57 and a 1-year high of $296.05.

Salesforce (NYSE:CRMGet Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The CRM provider reported $3.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.05 by $0.76. Salesforce had a net margin of 17.96% and a return on equity of 15.38%. The business had revenue of $11.20 billion for the quarter, compared to analysts’ expectations of $11.18 billion. During the same period last year, the firm posted $2.78 earnings per share. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. As a group, equities research analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Thursday, April 9th will be issued a dividend of $0.44 per share. This is an increase from Salesforce’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.9%. Salesforce’s payout ratio is presently 22.54%.

Trending Headlines about Salesforce

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Insiders Place Their Bets

In other Salesforce news, Director Neelie Kroes sold 3,893 shares of Salesforce stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $238.70, for a total value of $929,259.10. Following the transaction, the director owned 7,299 shares in the company, valued at $1,742,271.30. The trade was a 34.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Blair Kirk bought 1,936 shares of the stock in a transaction on Wednesday, December 17th. The shares were acquired at an average cost of $258.64 per share, with a total value of $500,727.04. Following 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 position. The disclosure for this purchase is available in the SEC filing. 3.00% of the stock is currently owned by insiders.

About Salesforce

(Free Report)

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.

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Institutional Ownership by Quarter for Salesforce (NYSE:CRM)

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