Salesforce Inc. $CRM Shares Newly Acquired by First Nebraska Trust Co

First Nebraska Trust Co acquired a new position in Salesforce Inc. (NYSE:CRM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 30,413 shares of the CRM provider’s stock, valued at approximately $6,982,000.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Salesforce during the 2nd quarter valued at approximately $11,396,844,000. Arrowstreet Capital Limited Partnership increased its holdings 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 acquiring an additional 7,160,302 shares in the last quarter. Bank of America Corp DE increased its holdings in Salesforce by 28.0% in the 1st quarter. Bank of America Corp DE now owns 11,724,790 shares of the CRM provider’s stock worth $2,188,666,000 after acquiring an additional 2,561,923 shares in the last quarter. Legal & General Group Plc bought a new stake in Salesforce during the 2nd quarter worth approximately $927,332,000. Finally, Bank of New York Mellon Corp bought a new stake in Salesforce during the 2nd quarter worth approximately $844,928,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Key Salesforce News

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

Insider Transactions at Salesforce

In other news, Director David Blair Kirk purchased 4,176 shares of the business’s stock in a transaction on Friday, September 18th. The stock was 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 of the company’s stock, valued at $4,486,958.84. This represents a 28.66% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Craig Conway sold 4,500 shares of Salesforce stock in a transaction that occurred on 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 directly owned 5,437 shares in the company, valued at approximately $1,416,936.57. The trade was a 45.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.50% of the stock is currently owned by insiders.

Salesforce Stock Performance

Shares of NYSE CRM opened at $221.94 on Wednesday. The company has a market cap of $182.66 billion, a P/E ratio of 20.23, a P/E/G ratio of 1.03 and a beta of 1.24. Salesforce Inc. has a 52-week low of $146.32 and a 52-week high of $269.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84. The firm’s fifty day moving average is $239.53 and its two-hundred day moving average is $198.72.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, beating the consensus estimate of $3.27 by $2.63. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The business had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.33 billion. During the same quarter in the prior year, the firm earned $2.91 EPS. The business’s revenue 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, analysts anticipate that Salesforce Inc. will post 12.82 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were given 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 was Thursday, September 17th. Salesforce’s payout ratio is currently 16.04%.

Analyst Ratings Changes

Several brokerages have weighed in on CRM. Barclays downgraded shares of Salesforce from an “overweight” rating to a “positive” rating in a report on Monday, October 12th. Guggenheim increased their price objective on shares of Salesforce from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, September 17th. Jefferies Financial Group restated a “buy” rating on shares of Salesforce in a research report on Tuesday, October 20th. TD Cowen started coverage on shares of Salesforce in a research report on Monday, October 12th. They set a “buy” rating on the stock. Finally, BTIG Research restated a “buy” rating and set a $300.00 target price on shares of Salesforce in a research note on Wednesday, September 2nd. 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 company’s stock. Based on data from MarketBeat.com, Salesforce currently has an average rating of “Moderate Buy” and an average target price of $278.98.

Salesforce 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.