Salesforce Inc. $CRM Holdings Reduced by Curated Wealth Partners LLC

Curated Wealth Partners LLC reduced its stake in Salesforce Inc. (NYSE:CRM) by 99.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,315 shares of the CRM provider’s stock after selling 670,559 shares during the quarter. Curated Wealth Partners LLC’s holdings in Salesforce were worth $531,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CRM. BlackRock Inc. acquired a new stake in shares of Salesforce during the 2nd quarter worth about $11,396,844,000. Arrowstreet Capital Limited Partnership raised its position in shares of Salesforce by 130.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock valued at $2,363,096,000 after buying an additional 7,160,302 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Salesforce in the second quarter valued at approximately $1,914,086,000. Legal & General Group Plc acquired a new position in shares of Salesforce in the second quarter valued at approximately $927,332,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Salesforce during the second quarter valued at approximately $844,928,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CRM. Guggenheim increased their price target on Salesforce from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, September 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $250.00 price objective on shares of Salesforce in a research report on Thursday, September 17th. BMO Capital Markets upped their target price on Salesforce from $250.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, September 17th. Morgan Stanley set a $315.00 target price on Salesforce in a research report on Wednesday, September 2nd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $300.00 price target on shares of Salesforce in a research note on Thursday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $278.12.

Insider Activity at Salesforce

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

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce launched Hunter, an AI-powered outbound sales agent built on Agentforce. Integrations with ZoomInfo, Demandbase and DocuSign could increase adoption of Salesforce’s higher-value AI workflows and make the platform more embedded in customers’ sales and contracting processes. Salesforce unveils Hunter for AI-powered outbound sales
• Positive Sentiment: Bank of America reportedly upgraded Salesforce in a rare double upgrade, citing improving confidence in the company’s AI strategy, including a small AI acquisition and changes to AI-product pricing. The upgrade supports the view that monetization could improve as customers move to premium offerings. Salesforce received a rare double upgrade
• Positive Sentiment: The Loops AI acquisition and new Agentforce capabilities reinforce Salesforce’s effort to turn AI into a growth driver, although investors will need evidence of meaningful revenue acceleration. Salesforce buys the Loops AI platform
• Neutral Sentiment: Investor interest in CRM has risen sharply, with Salesforce appearing among heavily searched stocks. This may increase visibility but is not, by itself, a fundamental catalyst. Investors heavily search Salesforce
• Negative Sentiment: Enterprise-software shares are falling as worries spread that aggressive AI infrastructure and financing commitments may not generate sufficient returns. Salesforce is being pulled lower alongside other AI-linked software leaders. Enterprise software stocks fall as AI financing worries spread
• Negative Sentiment: Investors are comparing Salesforce’s premium-edition price increases with Adobe’s more user-friendly pricing approach, raising concerns that Salesforce’s AI monetization strategy could pressure customer upgrades or retention. Adobe versus Salesforce for AI software growth

Salesforce Trading Down 2.3%

CRM stock opened at $241.00 on Friday. The company has a market cap of $198.35 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 1.12 and a beta of 1.26. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The business has a fifty day simple moving average of $231.47 and a 200-day simple moving average of $194.82. Salesforce Inc. has a 52 week low of $146.32 and a 52 week high of $269.11.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, beating 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 analysts’ expectations of $11.33 billion. During the same quarter last year, the firm earned $2.91 earnings per share. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. 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 research analysts expect that Salesforce Inc. will post 12.82 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, September 17th. Salesforce’s payout ratio is currently 16.04%.

Salesforce Company Profile

Salesforce, Inc (NYSE: CRM) develops cloud-based customer relationship management (CRM) software and enterprise applications. Its platform helps organizations manage sales, customer service, marketing, commerce, analytics, data integration and collaboration through subscription-based services.

The company’s product portfolio includes Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Salesforce Platform, Data Cloud and Tableau. Salesforce also offers MuleSoft integration technology, Slack collaboration software and artificial intelligence capabilities through its Einstein platform.