Salesforce Inc. $CRM Shares Bought by Heritage Wealth Management Inc.

Heritage Wealth Management Inc. grew its stake in shares of Salesforce Inc. (NYSE:CRM) by 172.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,172 shares of the CRM provider’s stock after purchasing an additional 4,537 shares during the quarter. Heritage Wealth Management Inc.’s holdings in Salesforce were worth $1,700,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CRM. Evolution Wealth Management Inc. acquired a new position in shares of Salesforce during the second quarter valued at $27,000. Marquette Asset Management LLC bought a new stake in Salesforce in the 3rd quarter valued at about $26,000. Spurstone Advisory Services LLC acquired a new position in Salesforce during the 2nd quarter valued at about $34,000. Quaker Wealth Management LLC grew its position in Salesforce by 208.6% in the 2nd quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock worth $34,000 after purchasing an additional 242 shares during the last quarter. Finally, Country Trust Bank grew its position in Salesforce by 658.8% in the 2nd quarter. Country Trust Bank now owns 129 shares of the CRM provider’s stock worth $35,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CRM. Canaccord Genuity Group reaffirmed a “buy” rating and set a $300.00 price target on shares of Salesforce in a report on Thursday, December 4th. The Goldman Sachs Group started coverage on Salesforce in a research report on Monday, January 12th. They issued a “buy” rating and a $330.00 target price on the stock. Northland Securities increased their price target on Salesforce from $264.00 to $267.00 and gave the stock a “market perform” rating in a research note on Thursday, December 4th. Piper Sandler reissued an “overweight” rating on shares of Salesforce in a research note on Thursday, December 4th. Finally, Wedbush restated an “outperform” rating and set a $375.00 price objective on shares of Salesforce in a research note on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $324.51.

Insider Transactions at Salesforce

In other news, Director David Blair Kirk bought 1,936 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average cost of $258.64 per share, with a total value of $500,727.04. Following the completion of the transaction, the director directly owned 10,677 shares in the company, valued at $2,761,499.28. This represents a 22.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Parker Harris sold 134,662 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $234.70, for a total value of $31,605,171.40. Following the completion of the transaction, the insider directly owned 139,767 shares of the company’s stock, valued at approximately $32,803,314.90. This trade represents a 49.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 138,677 shares of company stock worth $32,566,029. 3.00% of the stock is currently owned by insiders.

Salesforce Trading Down 0.9%

Salesforce stock opened at $212.10 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 0.98. Salesforce Inc. has a 52 week low of $208.78 and a 52 week high of $349.50. The company has a 50 day moving average price of $246.78 and a 200 day moving average price of $247.45. The firm has a market capitalization of $198.74 billion, a price-to-earnings ratio of 28.32, a P/E/G ratio of 1.60 and a beta of 1.26.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.39. The company had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $10.27 billion. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.41 earnings per share. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were paid a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, December 18th. Salesforce’s dividend payout ratio is presently 22.16%.

About Salesforce

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.