RFG Holdings Inc. Sells 5,605 Shares of Salesforce Inc. $CRM

RFG Holdings Inc. lowered its holdings in Salesforce Inc. (NYSE:CRM) by 82.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,163 shares of the CRM provider’s stock after selling 5,605 shares during the period. RFG Holdings Inc.’s holdings in Salesforce were worth $267,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CRM. BlackRock Inc. bought a new position in shares of Salesforce in the second quarter worth approximately $11,396,844,000. Bank of America Corp DE purchased a new position in Salesforce in the 2nd quarter worth approximately $1,914,086,000. Arrowstreet Capital Limited Partnership grew its stake in Salesforce by 130.2% in 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 in the last quarter. Legal & General Group Plc purchased a new stake in shares of Salesforce during the 2nd quarter valued at $927,332,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Salesforce during the 2nd quarter valued at $844,928,000. Institutional investors own 80.43% of the company’s stock.

Salesforce Price Performance

CRM stock opened at $221.94 on Wednesday. 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 Inc. has a 1 year low of $146.32 and a 1 year high of $269.11. The firm has a 50-day moving average of $239.53 and a 200 day moving average of $198.72. The company has a market cap of $182.66 billion, a P/E ratio of 20.23, a PEG ratio of 1.03 and a beta of 1.24.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%. The firm had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.33 billion. During the same quarter in the prior year, the business earned $2.91 EPS. 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. On average, sell-side analysts forecast that Salesforce Inc. will post 12.82 EPS for the current year.

Salesforce Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently issued reports on CRM shares. Stephens reiterated an “equal weight” rating and issued a $289.00 target price on shares of Salesforce in a research report on Friday, September 18th. DA Davidson lifted their price objective on Salesforce from $225.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, October 21st. Jefferies Financial Group reiterated a “buy” rating on shares of Salesforce in a report on Tuesday, October 20th. Argus increased their price objective on Salesforce from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, August 31st. Finally, JPMorgan Chase & Co. upped their target price on Salesforce from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Thursday, August 27th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $278.98.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce agreed to acquire AI startup Cresta, adding technology aimed at customer-service operations and strengthening its AI offerings. The deal supports the company’s push to monetize AI, though its price and expected financial contribution are not detailed in the announcement. Salesforce announces Cresta acquisition
• Positive Sentiment: A comparison of recent quarterly revenue trends says Salesforce has delivered steadier, more consistent expansion than IBM, a positive signal for the predictability of its business. Salesforce versus IBM revenue comparison
• Negative Sentiment: The Cresta agreement is reportedly Salesforce’s fifth major acquisition this year, and coverage highlighted concerns about the roughly $2.7 billion AI deal and the company’s ability to integrate a growing number of purchases. That raises questions about spending and execution even as the acquisitions broaden its AI capabilities. Report on Salesforce’s AI acquisition spending
• Negative Sentiment: Salesforce filed a shelf registration covering 609,118 shares, valued at about $139.6 million, for an employee stock ownership plan. The shares could create some dilution and add to investor sensitivity around stock-based compensation, though this is not necessarily a broad public offering. Salesforce share registration report

Insiders Place Their Bets

In other news, Director David Blair Kirk acquired 4,176 shares of the stock in a transaction on Friday, September 18th. The stock was acquired at an average price of $239.33 per share, with a total value of $999,442.08. Following the completion of the transaction, the director owned 18,748 shares of the company’s stock, valued at $4,486,958.84. This represents a 28.66% increase in their position. The purchase was disclosed in a 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 on Friday, September 4th. The shares were sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the sale, the director owned 5,437 shares in the company, valued at approximately $1,416,936.57. This trade represents a 45.29% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.50% of the stock is currently owned by corporate 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.