2,870 Shares in Salesforce Inc. $CRM Purchased by Income Insurance Ltd

Income Insurance Ltd purchased a new position in shares of Salesforce Inc. (NYSE:CRM) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 2,870 shares of the CRM provider’s stock, valued at approximately $760,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Greenwood Gearhart Inc. bought a new position in Salesforce during the fourth quarter worth about $230,000. Advisor OS LLC grew its holdings in Salesforce by 8.0% during the fourth quarter. Advisor OS LLC now owns 2,511 shares of the CRM provider’s stock worth $665,000 after purchasing an additional 186 shares during the period. Dogwood Wealth Management LLC grew its holdings in Salesforce by 285.7% during the fourth quarter. Dogwood Wealth Management LLC now owns 108 shares of the CRM provider’s stock worth $29,000 after purchasing an additional 80 shares during the period. BankPlus Wealth Management LLC grew its holdings in Salesforce by 7.9% during the fourth quarter. BankPlus Wealth Management LLC now owns 2,474 shares of the CRM provider’s stock worth $656,000 after purchasing an additional 181 shares during the period. Finally, JSF Financial LLC grew its holdings in Salesforce by 8.0% during the fourth quarter. JSF Financial LLC now owns 1,876 shares of the CRM provider’s stock worth $497,000 after purchasing an additional 139 shares during the period. Institutional investors own 80.43% of the company’s stock.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce launched Agentforce Operations, a new tool designed to automate complex enterprise workflows, and rising adoption of its Agentforce AI platform is helping reinforce the company’s AI growth story. Salesforce AI Shift Agentforce Operations Links Product Adoption To Valuation
• Positive Sentiment: Salesforce is also bringing Agentforce Sales to ChatGPT, which could expand the reach of its AI-driven CRM tools and support adoption with enterprise customers.
• Positive Sentiment: A new revenue reporting structure beginning in FY27 is intended to align disclosures more closely with Salesforce’s AI-led strategy, potentially making it easier for investors to track how AI products are contributing to growth. Salesforce Inc’s (CRM) New Reporting Structure To Give Better Insights Into AI Driven Growth
• Positive Sentiment: Third-party coverage continues to frame CRM as an AI and big-data beneficiary, with analysts highlighting Salesforce as a play on surging analytics demand and enterprise AI adoption. Top Big Data Stocks Powering the AI Boom as Analytics Demand Surges
• Neutral Sentiment: Several articles compare Salesforce with HubSpot and discuss its competitive position in CRM, but these pieces are more strategic than immediately market-moving.
• Negative Sentiment: Recent coverage also raises a leadership succession question around Marc Benioff, which could create some overhang if investors become more focused on long-term governance and continuity risk. Beyond Benioff: Is Salesforce Ready for Life Without Its Founder?
• Negative Sentiment: Salesforce has also been reported as falling in recent trading, suggesting investors may still be cautious despite the company’s AI initiatives.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CRM shares. Wedbush reiterated an “outperform” rating and set a $375.00 price target on shares of Salesforce in a report on Tuesday, February 24th. UBS Group reduced their price objective on Salesforce from $260.00 to $200.00 and set a “neutral” rating for the company in a report on Tuesday, February 17th. Morgan Stanley reduced their price objective on Salesforce from $398.00 to $287.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Jefferies Financial Group reduced their price objective on Salesforce from $375.00 to $250.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Finally, Stifel Nicolaus reduced their price objective on Salesforce from $300.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $279.18.

Salesforce Stock Down 2.5%

NYSE CRM opened at $181.67 on Friday. The business has a fifty day moving average price of $186.78 and a two-hundred day moving average price of $218.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76. Salesforce Inc. has a fifty-two week low of $163.52 and a fifty-two week high of $296.05. The stock has a market capitalization of $148.65 billion, a PE ratio of 23.26, a PEG ratio of 1.26 and a beta of 1.14.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, February 25th. The CRM provider reported $3.81 earnings per share for the quarter, topping the consensus estimate of $3.05 by $0.76. Salesforce had a return on equity of 15.38% and a net margin of 17.96%.The firm had revenue of $11.20 billion during the quarter, compared to analysts’ expectations of $11.18 billion. During the same period in the prior year, the company earned $2.78 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. Equities analysts expect that Salesforce Inc. will post 9.71 earnings per share for the current fiscal year.

Salesforce Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Thursday, April 9th were paid a dividend of $0.44 per share. The ex-dividend date was Thursday, April 9th. This is a boost from Salesforce’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a yield of 1.0%. Salesforce’s dividend payout ratio is currently 22.54%.

Salesforce declared that its Board of Directors has initiated a stock repurchase program on Monday, March 16th that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the CRM provider to purchase up to 14.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Salesforce

In other Salesforce news, Director Laura Alber bought 2,571 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was purchased at an average cost of $194.58 per share, for a total transaction of $500,265.18. Following the completion of the purchase, the director directly owned 9,530 shares of the company’s stock, valued at approximately $1,854,347.40. This trade represents a 36.94% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David Blair Kirk bought 2,570 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were acquired at an average price of $194.62 per share, with a total value of $500,173.40. Following the completion of the purchase, the director directly owned 13,689 shares of the company’s stock, valued at approximately $2,664,153.18. The trade was a 23.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.00% of the stock is owned by corporate 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.