Salesforce Inc. $CRM Shares Sold by FRG Family Wealth Advisors LLC

FRG Family Wealth Advisors LLC lessened its stake in Salesforce Inc. (NYSE:CRM) by 29.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,117 shares of the CRM provider’s stock after selling 3,789 shares during the period. FRG Family Wealth Advisors LLC’s holdings in Salesforce were worth $2,415,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund acquired a new position in Salesforce in the 4th quarter valued at about $26,000. Evolution Wealth Management Inc. purchased a new stake in shares of Salesforce in the second quarter valued at about $27,000. Marquette Asset Management LLC purchased a new stake in shares of Salesforce in the third quarter valued at about $26,000. Texas Capital Bancshares Inc TX purchased a new stake in shares of Salesforce in the third quarter valued at about $28,000. Finally, Dorato Capital Management purchased a new stake in shares of Salesforce in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Analyst Ratings Changes

CRM has been the topic of several analyst reports. Royal Bank Of Canada lowered their target price on shares of Salesforce from $290.00 to $210.00 and set a “sector perform” rating on the stock in a report on Thursday, February 26th. Piper Sandler reiterated an “overweight” rating and set a $250.00 target price (down from $280.00) on shares of Salesforce in a research report on Thursday, February 26th. Morgan Stanley dropped their target price on Salesforce from $398.00 to $287.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. TD Cowen dropped their target price on Salesforce from $325.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, Truist Financial set a $280.00 target price on Salesforce in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $280.21.

Salesforce Stock Performance

NYSE CRM opened at $183.00 on Wednesday. Salesforce Inc. has a 1-year low of $174.57 and a 1-year high of $296.05. The company has a market capitalization of $168.91 billion, a P/E ratio of 23.43, a PEG ratio of 1.36 and a beta of 1.29. The business has a 50 day moving average price of $192.75 and a 200 day moving average price of $227.80. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, February 25th. The CRM provider reported $3.81 earnings per share for the quarter, beating the consensus estimate of $3.05 by $0.76. Salesforce had a return on equity of 15.38% and a net margin of 17.96%.The firm had revenue of $11.20 billion during the quarter, compared to the consensus estimate of $11.18 billion. During the same period last year, the business posted $2.78 EPS. Salesforce’s quarterly revenue was up 12.1% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. Sell-side analysts expect that Salesforce Inc. will post 7.46 EPS 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 given a $0.44 dividend. This is a boost from Salesforce’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, April 9th. Salesforce’s dividend payout ratio (DPR) is currently 22.54%.

Salesforce declared that its board has initiated a share buyback plan on Monday, March 16th that permits the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization permits the CRM provider to purchase up to 14.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other news, Director Laura Alber bought 2,571 shares of Salesforce stock in a transaction on Thursday, March 19th. The shares were bought at an average cost of $194.58 per share, for a total transaction of $500,265.18. Following the acquisition, the director owned 9,530 shares in the company, valued at approximately $1,854,347.40. This trade represents a 36.94% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Neelie Kroes sold 3,893 shares of the company’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $238.70, for a total transaction of $929,259.10. Following the completion of the transaction, the director owned 7,299 shares in the company, valued at approximately $1,742,271.30. This trade represents a 34.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 3.00% of the company’s stock.

Salesforce Company Profile

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.