State of Wyoming Sells 3,124 Shares of Salesforce Inc. $CRM

State of Wyoming lessened its stake in Salesforce Inc. (NYSE:CRM) by 79.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 793 shares of the CRM provider’s stock after selling 3,124 shares during the quarter. State of Wyoming’s holdings in Salesforce were worth $182,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. BlackRock Inc. bought a new position in Salesforce during the 2nd quarter worth approximately $11,396,844,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Salesforce by 130.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock valued at $2,363,096,000 after acquiring an additional 7,160,302 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Salesforce in the 2nd quarter valued at approximately $1,914,086,000. Legal & General Group Plc acquired a new stake in shares of Salesforce during the 2nd quarter valued at approximately $927,332,000. Finally, Bank of New York Mellon Corp bought a new position in Salesforce during the second quarter worth $844,928,000. Institutional investors own 80.43% of the company’s stock.

Insider Activity

In other Salesforce news, Director Craig Conway sold 4,500 shares of the company’s stock in a transaction dated 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 transaction, the director owned 5,437 shares in the company, valued at approximately $1,416,936.57. This represents a 45.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Blair Kirk purchased 4,176 shares of the company’s stock in a transaction on Friday, September 18th. The stock was purchased at an average price of $239.33 per share, for a total transaction of $999,442.08. Following the purchase, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen downgraded shares of Salesforce from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Barclays cut shares of Salesforce from an “overweight” rating to a “positive” rating in a report on Monday, October 12th. Wells Fargo & Company downgraded shares of Salesforce from a “buy” rating to a “strong sell” rating in a research report on Monday, October 12th. Zacks Research raised shares of Salesforce from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 3rd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $300.00 price target on shares of Salesforce in a report on Wednesday, October 21st. Four investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average 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 planned acquisition of AI voice-agent company Cresta could strengthen Agentforce and Service Cloud, adding capabilities for customer-service automation. The deal also brings acquisition costs and execution risks. Article: Salesforce Bets on AI Voice Agents With Planned Cresta Acquisition
• Positive Sentiment: Zacks Research upgraded Salesforce from “hold” to “strong buy,” a favorable analyst signal that may help counter near-term concerns. Article: Zacks Research rating
• Neutral Sentiment: Salesforce is expanding its Coworker offering and promoting a 21-times growth claim, but the report notes that no baseline is provided, making the figure difficult to assess. Article: Salesforce Expands Coworker’s Reach, but Its 21× Growth Claim Has No Baseline
• Neutral Sentiment: The company is extending Agent Fabric to help businesses manage AI agents across platforms. Its large customer base and reported 1.2 billion daily requests suggest potential, but investors still need evidence that the AI activity will translate into meaningful revenue. Article: Salesforce Stock: The 1 Number Investors Still Need to See
• Negative Sentiment: A broader software sell-off is weighing on CRM, while S&P Global Ratings cut Salesforce’s credit rating to A from A+. S&P cited acquisition spending and a $25 billion debt-financed buyback, which lifted pro forma net debt relative to EBITDA above its previous downgrade threshold. The rating action raises concerns about leverage and aggressive capital allocation. Article: S&P cuts Salesforce to A on rising acquisition debt and buybacks

Salesforce Trading Up 0.1%

NYSE:CRM opened at $213.96 on Monday. Salesforce Inc. has a 12-month low of $146.32 and a 12-month high of $269.11. The firm has a market capitalization of $176.09 billion, a P/E ratio of 19.50, a P/E/G ratio of 0.97 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. The business has a 50 day simple moving average of $239.53 and a 200 day simple moving average of $198.64.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, topping analysts’ consensus estimates of $3.27 by $2.63. The firm had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the business 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. Equities research analysts predict that Salesforce Inc. will post 12.82 EPS for the current year.

Salesforce Dividend Announcement

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

About Salesforce

Salesforce, Inc is a cloud-based software company best known for customer relationship management (CRM) tools. Its platform helps businesses manage sales, customer service, marketing, commerce and customer data, and includes products such as Sales Cloud, Service Cloud, Data Cloud and Agentforce.

The company also offers Slack for workplace collaboration, Tableau for data analytics and visualization, and MuleSoft for connecting applications and data. Salesforce’s products are used by organizations across a range of industries and are available to customers around the world.

Founded in 1999 by Marc Benioff and other co-founders, Salesforce is headquartered in San Francisco.