Salesforce Inc. $CRM Stock Acquired by One Way Holdings LLC

One Way Holdings LLC raised its holdings in Salesforce Inc. (NYSE:CRM) by 3.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 150,287 shares of the CRM provider’s stock after acquiring an additional 4,616 shares during the period. Salesforce accounts for 1.5% of One Way Holdings LLC’s portfolio, making the stock its 18th largest position. One Way Holdings LLC’s holdings in Salesforce were worth $34,501,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Fluent Financial LLC acquired a new position in Salesforce in the 2nd quarter valued at approximately $2,265,000. TAM Capital Management Inc. acquired a new stake in shares of Salesforce during the 1st quarter worth approximately $40,945,000. Janus Henderson Group PLC increased its position in shares of Salesforce by 2.5% during the first quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock valued at $23,846,000 after purchasing an additional 3,125 shares during the period. Anchor Investment Management LLC boosted its stake in Salesforce by 184.5% during the second quarter. Anchor Investment Management LLC now owns 17,983 shares of the CRM provider’s stock worth $2,817,000 after buying an additional 11,663 shares in the last quarter. Finally, Next Capital Management LLC bought a new stake in Salesforce in the 1st quarter valued at $2,119,000. 80.43% of the stock is owned by institutional investors.

Salesforce Stock Performance

Shares of NYSE:CRM opened at $228.56 on Monday. The firm’s 50 day simple moving average is $238.94 and its 200 day simple moving average is $198.88. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The company has a market capitalization of $188.10 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 1.04 and a beta of 1.24. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The firm had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.33 billion. During the same quarter in the previous year, the company earned $2.91 earnings per share. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. As a group, sell-side analysts forecast that Salesforce Inc. will post 12.82 earnings per share for the current year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were issued a $0.44 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $1.76 annualized dividend and a dividend yield of 0.8%. Salesforce’s payout ratio is 16.04%.

Insiders Place Their Bets

In other Salesforce news, Director David Blair Kirk bought 4,176 shares of the firm’s stock in a transaction on Friday, September 18th. The stock was purchased at an average cost of $239.33 per share, with a total value of $999,442.08. Following the completion of the purchase, the director owned 18,748 shares in the company, valued at approximately $4,486,958.84. The trade was a 28.66% increase in their ownership of the stock. The transaction was disclosed in a legal 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 dated 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 completion of the sale, the director owned 5,437 shares of the company’s stock, valued at $1,416,936.57. This trade represents a 45.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CRM. Deutsche Bank Aktiengesellschaft started coverage on Salesforce in a research note on Monday, October 12th. They set a “buy” rating for the company. Wells Fargo & Company lowered shares of Salesforce from a “buy” rating to a “strong sell” rating in a research report on Monday, October 12th. UBS Group reaffirmed a “buy” rating on shares of Salesforce in a report on Friday, September 11th. Barclays downgraded Salesforce from an “overweight” rating to a “positive” rating in a report on Monday, October 12th. Finally, BMO Capital Markets boosted their price objective on Salesforce from $250.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, September 17th. Three investment 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $278.98.

About Salesforce

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.