Salesforce Inc. $CRM Shares Acquired by Davidson Investment Advisors

Davidson Investment Advisors increased its holdings in shares of Salesforce Inc. (NYSE:CRM) by 4.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,189 shares of the CRM provider’s stock after acquiring an additional 3,494 shares during the period. Davidson Investment Advisors’ holdings in Salesforce were worth $20,664,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Signaturefd LLC increased its holdings in Salesforce by 2.6% in the third quarter. Signaturefd LLC now owns 21,882 shares of the CRM provider’s stock valued at $5,186,000 after buying an additional 545 shares in the last quarter. Bell Bank grew its holdings in shares of Salesforce by 2.2% in the 3rd quarter. Bell Bank now owns 5,763 shares of the CRM provider’s stock worth $1,366,000 after acquiring an additional 126 shares during the period. Western Pacific Wealth Management LP increased its stake in Salesforce by 40.8% in the 3rd quarter. Western Pacific Wealth Management LP now owns 2,734 shares of the CRM provider’s stock valued at $648,000 after purchasing an additional 792 shares in the last quarter. GAM Holding AG raised its holdings in Salesforce by 34.5% during the third quarter. GAM Holding AG now owns 7,563 shares of the CRM provider’s stock worth $1,792,000 after purchasing an additional 1,942 shares during the last quarter. Finally, PDS Planning Inc boosted its position in Salesforce by 5.7% during the third quarter. PDS Planning Inc now owns 5,405 shares of the CRM provider’s stock worth $1,281,000 after purchasing an additional 292 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Arete Research upgraded Salesforce to a “strong-buy” rating in a research report on Thursday, December 11th. Canaccord Genuity Group reissued a “buy” rating and issued a $300.00 price objective on shares of Salesforce in a research note on Thursday, December 4th. DA Davidson lifted their target price on shares of Salesforce from $225.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Barclays increased 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. Finally, Stifel Nicolaus cut their price objective on Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Salesforce currently has a consensus rating of “Moderate Buy” and an average target price of $326.68.

Insider Activity

In related news, Director G Mason Morfit purchased 96,000 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was acquired at an average price of $260.58 per share, for a total transaction of $25,015,680.00. Following the completion of the purchase, the director owned 2,994,509 shares in the company, valued at approximately $780,309,155.22. This represents a 3.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $252.04, for a total transaction of $567,090.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,002,192,354.84. This represents a 0.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 161,784 shares of company stock worth $38,357,182. 3.00% of the stock is currently owned by insiders.

Salesforce Stock Performance

Shares of NYSE:CRM opened at $253.68 on Friday. The business’s 50-day simple moving average is $249.78 and its 200 day simple moving average is $251.67. The company has a market cap of $237.70 billion, a P/E ratio of 33.87, a PEG ratio of 1.97 and a beta of 1.25. 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 one year low of $221.96 and a one year high of $367.09.

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

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th will be given a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, December 18th. Salesforce’s dividend payout ratio is presently 22.16%.

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.