Salesforce Inc. $CRM Stock Position Increased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI increased its position in Salesforce Inc. (NYSE:CRM) by 440.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 380,625 shares of the CRM provider’s stock after buying an additional 310,193 shares during the quarter. Salesforce comprises approximately 1.5% of Commerzbank Aktiengesellschaft FI’s holdings, making the stock its 21st largest position. Commerzbank Aktiengesellschaft FI’s holdings in Salesforce were worth $71,051,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after purchasing an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after buying an additional 205 shares during the last quarter. Bison Wealth LLC grew its position in Salesforce by 9.0% in the fourth 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 last quarter. Sivia Capital Partners LLC increased its holdings in shares of Salesforce by 3.7% in the second quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider’s stock valued at $807,000 after buying an additional 106 shares in the last quarter. Finally, United Bank lifted its position in shares of Salesforce by 5.2% during the 2nd quarter. United Bank now owns 10,198 shares of the CRM provider’s stock valued at $2,781,000 after acquiring an additional 500 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Bank of America assumed coverage on Salesforce in a research note on Monday, May 18th. They set an “underperform” rating and a $160.00 price objective for the company. UBS Group reaffirmed an “equal weight” rating on shares of Salesforce in a report on Tuesday. CLSA began coverage on Salesforce in a research report on Monday. They issued a “hold” rating and a $165.00 price target for the company. Citigroup raised Salesforce from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. Finally, Monness Crespi & Hardt upgraded Salesforce from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $252.13.

Salesforce Trading Up 1.8%

NYSE CRM opened at $173.82 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $274.00. The firm’s fifty day simple moving average is $170.57 and its 200-day simple moving average is $190.02. The company has a market capitalization of $142.36 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 0.92 and a beta of 1.18.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The firm had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter last year, the firm earned $2.58 earnings per share. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. As a group, sell-side analysts anticipate that Salesforce Inc. will post 10.29 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, June 11th. Salesforce’s payout ratio is currently 20.37%.

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.