State of Wyoming Acquires 2,614 Shares of Salesforce Inc. $CRM

State of Wyoming boosted its stake in shares of Salesforce Inc. (NYSE:CRM) by 71.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,275 shares of the CRM provider’s stock after purchasing an additional 2,614 shares during the period. State of Wyoming’s holdings in Salesforce were worth $1,711,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in shares of Salesforce by 13.7% in the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after buying an additional 3,102 shares during the period. Revolve Wealth Partners LLC increased its holdings in Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after acquiring an additional 205 shares during the last quarter. Bison Wealth LLC increased its holdings in Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after acquiring an additional 184 shares during the last quarter. Element Capital Management LLC bought a new stake in Salesforce in the 1st quarter valued at about $2,606,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Salesforce by 14.6% during the first quarter. EverSource Wealth Advisors LLC now owns 8,510 shares of the CRM provider’s stock valued at $2,284,000 after purchasing an additional 1,082 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling at Salesforce

In other news, insider Parker Harris sold 134,662 shares of Salesforce stock in a transaction on 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 sale, the insider directly owned 139,767 shares of the company’s stock, valued at approximately $32,803,314.90. The trade was a 49.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director G Mason Morfit bought 96,000 shares of Salesforce stock in a transaction that occurred on Friday, December 5th. The stock was purchased at an average cost of $260.58 per share, for a total transaction of $25,015,680.00. Following the purchase, the director owned 2,994,509 shares of the company’s stock, valued at $780,309,155.22. The trade was a 3.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 177,534 shares of company stock worth $42,194,197 over the last three months. 3.00% of the stock is owned by insiders.

Salesforce Trading Down 0.0%

Shares of CRM stock opened at $262.34 on Friday. The company has a market capitalization of $245.81 billion, a PE ratio of 35.03, a price-to-earnings-growth ratio of 1.95 and a beta of 1.25. Salesforce Inc. has a 52-week low of $221.96 and a 52-week high of $367.09. The business’s fifty day moving average is $245.50 and its 200 day moving average is $252.08. 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 (NYSE:CRM) last announced its earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.39. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The business had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.27 billion. During the same period in the prior year, the company earned $2.41 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, equities research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 18th will be paid a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, December 18th. Salesforce’s dividend payout ratio (DPR) is currently 22.16%.

Analysts Set New Price Targets

CRM has been the topic of several research reports. Barclays boosted their price target on shares of Salesforce from $316.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Evercore ISI lowered their target price on shares of Salesforce from $360.00 to $340.00 and set an “outperform” rating on the stock in a report on Thursday, December 4th. Needham & Company LLC restated a “buy” rating and set a $400.00 target price on shares of Salesforce in a research report on Thursday, December 4th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Salesforce in a report on Thursday, December 4th. Finally, Oppenheimer decreased their price objective on Salesforce from $315.00 to $300.00 and set an “outperform” rating on the stock in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.46.

About Salesforce

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.