Migdal Insurance & Financial Holdings Ltd. Acquires 3,400 Shares of Salesforce Inc. $CRM

Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Salesforce Inc. (NYSE:CRM) by 148.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,696 shares of the CRM provider’s stock after acquiring an additional 3,400 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Salesforce were worth $1,378,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Vest Financial LLC grew its holdings in shares of Salesforce by 21.0% during the 3rd quarter. Vest Financial LLC now owns 190,692 shares of the CRM provider’s stock valued at $45,194,000 after purchasing an additional 33,092 shares during the last quarter. Joel Isaacson & Co. LLC boosted its position in Salesforce by 78.3% during the third quarter. Joel Isaacson & Co. LLC now owns 5,369 shares of the CRM provider’s stock valued at $1,272,000 after buying an additional 2,358 shares during the period. Waldron Private Wealth LLC grew its stake in shares of Salesforce by 7.2% during the third quarter. Waldron Private Wealth LLC now owns 3,623 shares of the CRM provider’s stock valued at $860,000 after buying an additional 242 shares during the last quarter. Silver Coast Investments LLC increased its holdings in shares of Salesforce by 8.7% in the third quarter. Silver Coast Investments LLC now owns 2,246 shares of the CRM provider’s stock worth $532,000 after buying an additional 179 shares during the period. Finally, Demars Financial Group LLC increased its holdings in shares of Salesforce by 59.3% in the third quarter. Demars Financial Group LLC now owns 3,764 shares of the CRM provider’s stock worth $892,000 after buying an additional 1,401 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling

In other Salesforce news, Director David Blair Kirk bought 1,936 shares of Salesforce stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average cost of $258.64 per share, with a total value of $500,727.04. Following the transaction, the director directly owned 10,677 shares of the company’s stock, valued at $2,761,499.28. This represents a 22.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director G Mason Morfit purchased 96,000 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was acquired at an average price of $260.58 per share, with a total value of $25,015,680.00. Following the completion of the purchase, the director owned 2,994,509 shares in the company, valued at $780,309,155.22. This represents a 3.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 147,677 shares of company stock worth $34,865,371 over the last quarter. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on Salesforce from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Stifel Nicolaus dropped their price objective on Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, October 9th. Citigroup cut shares of Salesforce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. DA Davidson upped their price target on shares of Salesforce from $225.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Finally, JMP Securities reissued a “market outperform” rating and set a $430.00 price target on shares of Salesforce in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and an average price target of $324.51.

Salesforce Price Performance

Shares of Salesforce stock opened at $219.70 on Wednesday. The business has a 50 day moving average of $248.58 and a 200 day moving average of $249.64. Salesforce Inc. has a 52 week low of $219.35 and a 52 week high of $367.09. The company has a market cap of $205.86 billion, a PE ratio of 29.33, a P/E/G ratio of 1.69 and a beta of 1.26. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.39. Salesforce had a net margin of 17.91% and a return on equity of 14.41%. The business had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $10.27 billion. During the same period in the previous year, the firm 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. As a group, equities research analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th were given a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, December 18th. Salesforce’s payout ratio is presently 22.16%.

About Salesforce

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.