10,091 Shares of Salesforce Inc. $CRM Purchased by Greenup Street Wealth Management LLC

Greenup Street Wealth Management LLC purchased a new position in shares of Salesforce Inc. (NYSE:CRM) during the third quarter, HoldingsChannel.com reports. The fund purchased 10,091 shares of the CRM provider’s stock, valued at approximately $2,317,000.

Several other institutional investors have also modified their holdings of the business. CFC Planning Co LLC lifted its position in Salesforce by 12.7% in the 3rd quarter. CFC Planning Co LLC now owns 14,735 shares of the CRM provider’s stock valued at $3,383,000 after acquiring an additional 1,657 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Salesforce by 14,005.5% during the 3rd quarter. International Assets Investment Management LLC now owns 425,000 shares of the CRM provider’s stock worth $97,567,000 after purchasing an additional 421,987 shares in the last quarter. Prosperitas Financial LLC increased its holdings in Salesforce by 4.1% during the 3rd quarter. Prosperitas Financial LLC now owns 3,169 shares of the CRM provider’s stock worth $727,000 after purchasing an additional 125 shares in the last quarter. Payden & Rygel acquired a new stake in shares of Salesforce in the 3rd quarter valued at about $14,164,000. Finally, Lebenthal Global Advisors LLC acquired a new stake in shares of Salesforce in the 3rd quarter valued at about $234,000. Institutional investors own 80.43% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on CRM shares. Stephens restated an “equal weight” rating and issued a $289.00 price target on shares of Salesforce in a report on Friday, September 18th. Wolfe Research upgraded Salesforce from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 27th. Guggenheim lifted their target price on Salesforce from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, September 17th. KeyCorp assumed coverage on Salesforce in a research note on Monday, October 12th. They issued a “sector weight” rating on the stock. Finally, Evercore reaffirmed an “outperform” rating on shares of Salesforce in a research report on Tuesday, October 20th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Salesforce presently has an average rating of “Moderate Buy” and an average target price of $278.98.

Salesforce Trading Down 1.0%

Shares of NYSE:CRM opened at $228.56 on Friday. The company’s 50-day moving average price is $238.94 and its two-hundred day moving average price is $198.88. Salesforce Inc. has a one year low of $146.32 and a one year high of $269.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $188.10 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 1.05 and a beta of 1.26.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, beating the consensus estimate of $3.27 by $2.63. The company had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%. Salesforce’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.91 EPS. 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 forecast that Salesforce Inc. will post 12.82 EPS for the current fiscal year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were given 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 yield of 0.8%. Salesforce’s dividend payout ratio is 16.04%.

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce signed a definitive agreement to acquire Rune Technologies, a defense-technology company. The deal supports Salesforce’s push into military and government applications, potentially expanding its addressable market and adding a specialized technology platform. Financial terms were not disclosed. Salesforce Signs Definitive Agreement to Acquire Rune Technologies
• Positive Sentiment: TPM Holdings completed an 18-month realignment centered on Salesforce CRM and artificial intelligence for the architecture, engineering and construction industries. Its combination of TrebleHook and The Hunley Group could expand Salesforce-based implementations and demonstrate growing demand for industry-specific AI tools. TPM Holdings Accelerates Investment in AI and Salesforce CRM
• Positive Sentiment: Several analyst and investment articles describe Salesforce as a potential AI rebound candidate, citing autonomous AI agents, improving monetization, strong free cash flow and its leadership in customer relationship management. These views may support longer-term sentiment, although they are not new company guidance. AI Comeback Story Article
• Neutral Sentiment: Salesforce’s earnings report is approaching, making upcoming revenue growth, AI adoption, margins and forward guidance the main near-term catalysts. The company’s latest reported quarter included revenue of $11.35 billion and adjusted earnings that exceeded consensus estimates. Salesforce Earnings Preview
• Negative Sentiment: Salesforce declined in sympathy with ServiceNow, Fortinet and other software stocks after investors focused on slower contracted-revenue growth despite earnings beats and higher AI targets. The reaction has renewed concerns about enterprise-software demand, AI monetization timelines and elevated sector valuations. ServiceNow Results Dent Software Stocks

Insider Buying and Selling

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

Salesforce Company 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.