Salesforce Inc. $CRM Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund grew its holdings in shares of Salesforce Inc. (NYSE:CRM) by 31.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,261 shares of the CRM provider’s stock after purchasing an additional 26,349 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Salesforce were worth $25,895,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CRM. Brighton Jones LLC grew its holdings in shares of Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after acquiring an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC increased its stake 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 purchasing an additional 205 shares in the last quarter. Bison Wealth LLC raised its holdings in Salesforce by 9.0% during the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after buying an additional 184 shares during the period. Dynamic Technology Lab Private Ltd lifted its stake in Salesforce by 15.7% during the first quarter. Dynamic Technology Lab Private Ltd now owns 1,770 shares of the CRM provider’s stock valued at $475,000 after buying an additional 240 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in shares of Salesforce in the first quarter worth about $934,000. 80.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Salesforce

In other Salesforce news, Director G Mason Morfit purchased 96,000 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were acquired at an average price of $260.58 per share, for a total transaction of $25,015,680.00. Following the acquisition, the director owned 2,994,509 shares of the company’s stock, valued at $780,309,155.22. This trade represents a 3.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David Blair Kirk acquired 1,936 shares of Salesforce stock in a transaction that occurred on Wednesday, December 17th. The stock was 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 in the company, valued at $2,761,499.28. The trade was a 22.15% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders sold 155,034 shares of company stock valued at $36,726,584. 3.00% of the stock is currently owned by insiders.

Salesforce Price Performance

CRM opened at $260.54 on Friday. The stock has a fifty day moving average price of $250.33 and a 200 day moving average price of $251.70. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 1 year low of $221.96 and a 1 year high of $367.09. The stock has a market cap of $244.13 billion, a price-to-earnings ratio of 34.79, a PEG ratio of 1.98 and a beta of 1.26.

Salesforce (NYSE:CRM) last posted its quarterly 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. The company 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 quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the business earned $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th were paid a $0.416 dividend. The ex-dividend date was Thursday, December 18th. This represents a $1.66 dividend on an annualized basis and a yield of 0.6%. Salesforce’s payout ratio is 22.16%.

Wall Street Analysts Forecast Growth

CRM has been the subject of several research analyst reports. Northland Capmk downgraded shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 14th. UBS Group restated a “neutral” rating and issued a $260.00 target price on shares of Salesforce in a report on Thursday, December 4th. Truist Financial decreased their target price on Salesforce from $400.00 to $380.00 and set a “buy” rating for the company in a research report on Thursday, December 4th. Cowen reissued a “buy” rating on shares of Salesforce in a research report on Thursday, December 4th. Finally, Royal Bank Of Canada raised their price objective on Salesforce from $250.00 to $290.00 and gave the stock a “sector perform” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and an average target price of $327.74.

Salesforce 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.