6,128 Shares of Salesforce Inc. $CRM Acquired by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC bought a new stake in Salesforce Inc. (NYSE:CRM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,128 shares of the CRM provider’s stock, valued at approximately $1,407,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Salesforce in the 2nd quarter valued at $11,396,844,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Salesforce by 130.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock worth $2,363,096,000 after buying an additional 7,160,302 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Salesforce by 28.0% during the 1st quarter. Bank of America Corp DE now owns 11,724,790 shares of the CRM provider’s stock worth $2,188,666,000 after buying an additional 2,561,923 shares during the last quarter. Legal & General Group Plc acquired a new stake in Salesforce in the second quarter valued at about $927,332,000. Finally, Bank of New York Mellon Corp acquired a new stake in Salesforce in the second quarter valued at about $844,928,000. Institutional investors own 80.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CRM. KeyCorp initiated coverage on Salesforce in a research note on Monday, October 12th. They set a “sector weight” rating for the company. Stephens restated an “equal weight” rating and issued a $289.00 price target on shares of Salesforce in a research note on Friday, September 18th. Barclays lowered shares of Salesforce from an “overweight” rating to a “positive” rating in a report on Monday, October 12th. BTIG Research reiterated a “buy” rating and set a $300.00 price objective on shares of Salesforce in a research report on Wednesday, September 2nd. Finally, Oppenheimer reissued an “outperform” rating on shares of Salesforce in a research note on Thursday, September 17th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $278.98.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce’s AI products are reportedly growing at triple-digit rates, while its Agentforce platform and more than $14 billion in annual free cash flow could support profitable expansion. The company’s valuation may look attractive if AI adoption accelerates. Salesforce Is Betting Big on AI. The Payoff Could Be Bigger Than Investors Expect
• Positive Sentiment: Cantor Fitzgerald reaffirmed an “Overweight” rating, indicating continued confidence in Salesforce’s growth outlook and AI transition. Salesforce Stock Rating Reaffirmed as Overweight
• Positive Sentiment: The $5.66 billion Braze purchase could expand Salesforce’s customer-engagement capabilities and strengthen its push from AI defense toward a broader autonomous-agent strategy. Salesforce’s $5.6B Braze Buyout
• Neutral Sentiment: Investor comparisons with Adobe, Arista Networks and Snowflake highlight Salesforce’s CRM leadership, focus on profitable growth and AI-agent pivot, but do not represent new company-specific developments. Salesforce vs. Snowflake
• Negative Sentiment: Investors may be concerned that the Braze acquisition’s $5.66 billion price will increase integration risk and pressure near-term returns. Questions about contracts, pricing and customer impact could temper enthusiasm for the deal. Salesforce to Buy Braze for $5.66B

Salesforce Trading Down 0.6%

Salesforce stock traded down $1.50 during trading hours on Friday, hitting $248.79. The stock had a trading volume of 5,840,500 shares, compared to its average volume of 8,129,057. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The stock has a market cap of $204.76 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 1.14 and a beta of 1.26. Salesforce Inc. has a one year low of $146.32 and a one year high of $269.11. The business’s 50 day simple moving average is $236.30 and its 200-day simple moving average is $196.88.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, topping the consensus estimate of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%. The company had revenue of $11.35 billion for the quarter, compared to analysts’ expectations of $11.33 billion. During the same period in the previous year, the business posted $2.91 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. On average, equities analysts predict that Salesforce Inc. will post 12.82 EPS for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $1.76 annualized dividend and a dividend yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is presently 16.04%.

Insider Buying and Selling at Salesforce

In related news, Director David Blair Kirk acquired 4,176 shares of the firm’s stock in a transaction that occurred on Friday, September 18th. The stock was acquired at an average cost of $239.33 per share, for a total transaction of $999,442.08. Following the completion of the acquisition, the director directly owned 18,748 shares of the company’s stock, valued at approximately $4,486,958.84. This trade represents a 28.66% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Craig Conway sold 4,500 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $260.61, for a total value of $1,172,745.00. Following the completion of the sale, the director owned 5,437 shares of the company’s stock, valued at $1,416,936.57. The trade was a 45.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.50% of the stock is currently owned by company insiders.

Salesforce Profile

Salesforce, Inc (NYSE: CRM) is a global enterprise software company that provides cloud-based customer relationship management (CRM) technology. Its platform helps organizations manage sales, customer service, marketing, commerce, data, analytics and interactions with customers across digital and traditional channels.

The company’s products include Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud and Data Cloud. Salesforce also offers Tableau for data visualization and analytics, MuleSoft for application integration, and Slack for workplace collaboration.