Salesforce Inc. $CRM Shares Sold by Transatlantique Private Wealth LLC

Transatlantique Private Wealth LLC lessened its stake in shares of Salesforce Inc. (NYSE:CRM) by 62.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,678 shares of the CRM provider’s stock after selling 6,218 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in Salesforce were worth $872,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Aries Wealth Management boosted its position in shares of Salesforce by 26.3% during the 3rd quarter. Aries Wealth Management now owns 2,863 shares of the CRM provider’s stock worth $679,000 after purchasing an additional 597 shares during the period. Clearstead Advisors LLC boosted its position in shares of Salesforce by 1.1% during the third quarter. Clearstead Advisors LLC now owns 78,137 shares of the CRM provider’s stock worth $18,518,000 after buying an additional 817 shares during the period. Vulcan Value Partners LLC boosted its position in shares of Salesforce by 46.4% during the third quarter. Vulcan Value Partners LLC now owns 1,564,357 shares of the CRM provider’s stock worth $371,212,000 after buying an additional 496,033 shares during the period. Payden & Rygel raised its holdings in shares of Salesforce by 20.6% in the 3rd quarter. Payden & Rygel now owns 4,100 shares of the CRM provider’s stock valued at $972,000 after buying an additional 700 shares during the period. Finally, Zevin Asset Management LLC acquired a new position in Salesforce during the 3rd quarter worth about $319,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CRM has been the subject of a number of research reports. Robert W. Baird dropped their price objective on shares of Salesforce from $325.00 to $315.00 and set an “outperform” rating for the company in a report on Thursday, December 4th. UBS Group reduced their price objective on shares of Salesforce from $260.00 to $200.00 and set a “neutral” rating for the company in a research report on Tuesday, February 17th. Arete Research raised Salesforce to a “strong-buy” rating in a research report on Thursday, December 11th. Wolfe Research reissued an “outperform” rating on shares of Salesforce in a research report on Thursday, January 15th. Finally, Northland Securities lifted their target price on Salesforce from $264.00 to $267.00 and gave the company a “market perform” rating in a research note on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $310.89.

Salesforce Trading Down 0.1%

Shares of Salesforce stock opened at $185.10 on Monday. Salesforce Inc. has a fifty-two week low of $180.24 and a fifty-two week high of $318.97. The business’s fifty day moving average is $230.69 and its two-hundred day moving average is $240.01. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.14. The firm has a market cap of $173.44 billion, a PE ratio of 24.71, a P/E/G ratio of 1.26 and a beta of 1.27.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 EPS for the quarter, topping 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%.The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th were given a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, December 18th. Salesforce’s dividend payout ratio (DPR) is presently 22.16%.

Insider Buying and Selling

In related news, Director G Mason Morfit bought 96,000 shares of Salesforce stock in a transaction dated Friday, December 5th. The stock was acquired at an average cost of $260.58 per share, with a total value of $25,015,680.00. Following the completion of the acquisition, the director directly owned 2,994,509 shares in the company, valued at approximately $780,309,155.22. This trade represents a 3.31% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Neelie Kroes sold 3,893 shares of Salesforce stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $238.70, for a total transaction of $929,259.10. Following the transaction, the director owned 7,299 shares in the company, valued at approximately $1,742,271.30. The trade was a 34.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.00% of the stock is owned by insiders.

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.