2,189 Shares of Salesforce Inc. $CRM Bought by Myecfo LLC

Key Points

• Myecfo LLC acquired 2,189 Salesforce shares in the third quarter, valued at approximately $503,000. Institutional investors collectively own 80.43% of Salesforce.
• Salesforce reported quarterly earnings of $5.90 per share, well above the $3.27 consensus estimate, while revenue rose 10.8% year over year to $11.35 billion.
• Analyst sentiment remains generally positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $278.12, though concerns remain about the pace of AI monetization and adoption.

Myecfo LLC acquired a new stake in Salesforce Inc. (NYSE:CRM - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,189 shares of the CRM provider's stock, valued at approximately $503,000.

A number of other institutional investors also recently modified their holdings of the stock. ABS Direct Equity Fund LLC acquired a new position in shares of Salesforce during the second quarter worth approximately $25,000. Manning & Napier Advisors LLC acquired a new stake in shares of Salesforce in the second quarter valued at approximately $26,000. Persistent Asset Partners Ltd acquired a new stake in shares of Salesforce in the second quarter valued at approximately $27,000. Costello Asset Management INC increased its holdings in shares of Salesforce by 410.3% in the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider's stock valued at $28,000 after purchasing an additional 119 shares in the last quarter. Finally, Gables Capital Management Inc. bought a new position in Salesforce in the 2nd quarter worth approximately $28,000. 80.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director David Blair Kirk bought 4,176 shares of the stock in a transaction on Friday, September 18th. The stock was purchased at an average price of $239.33 per share, with a total value of $999,442.08. Following the completion of the purchase, the director owned 18,748 shares of the company's stock, valued at approximately $4,486,958.84. This trade represents a 28.66% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Craig Conway sold 4,500 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.50% of the stock is currently owned by insiders.

Salesforce News Roundup

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Analyst upgrade and AI acquisition support sentiment: Bank of America reportedly issued a rare double upgrade, arguing that Salesforce’s AI offerings could deepen customer dependence on its platform. The bullish call followed Salesforce’s agreement to acquire AI-powered analytics platform Loops, which could strengthen its data and analytics capabilities. Salesforce Gets a Rare BofA Double Upgrade
• Positive Sentiment: Technical setup points to additional upside: A weekly bullish reversal, daily double-bottom pattern and potential bullish-flag breakout suggest the post-breakout pullback may be ending, according to technical analysis. Salesforce Price Forecast
• Positive Sentiment: Expanded DocuSign partnership adds an AI workflow catalyst: DocuSign’s Intelligent Agreement Management platform will be integrated natively with Salesforce, Agentforce and Slack, potentially increasing the usefulness of Salesforce’s AI agents for revenue teams. DocuSign and Salesforce Launch Intelligent Agreement Management
• Neutral Sentiment: Relative valuation looks favorable: One comparison with ServiceNow concluded Salesforce has stronger earnings estimate revisions, faster AI growth and a lower valuation, although investors still need evidence that those advantages will translate into sustained growth. Salesforce vs. ServiceNow
• Negative Sentiment: AI monetization remains the key overhang: Despite earnings beats, skeptics question whether agentic AI can materially improve Salesforce’s profits. Reports also highlight AI cannibalization risks and note that many customers have not yet adopted a potentially important upgrade, leaving investors cautious about near-term revenue acceleration. Agentic AI Skepticism

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CRM shares. Wedbush assumed coverage on Salesforce in a research report on Wednesday, July 1st. They set an "outperform" rating for the company. Wall Street Zen lowered Salesforce from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Stifel Nicolaus raised their price target on Salesforce from $275.00 to $300.00 and gave the company a "buy" rating in a report on Thursday, September 17th. Morgan Stanley set a $315.00 price objective on Salesforce in a research report on Wednesday, September 2nd. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $250.00 price objective on shares of Salesforce in a research report on Thursday, September 17th. Three 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $278.12.

Salesforce Stock Performance

Shares of Salesforce stock opened at $235.95 on Thursday. The firm has a fifty day moving average of $229.31 and a two-hundred day moving average of $194.02. 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 stock has a market capitalization of $194.19 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 1.08 and a beta of 1.26. Salesforce Inc. has a 52 week low of $146.32 and a 52 week high of $269.11.

Salesforce (NYSE:CRM - Get Free Report) last announced 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. Salesforce had a return on equity of 24.90% and a net margin of 21.99%. The business had revenue of $11.35 billion during the quarter, compared to analysts' expectations of $11.33 billion. During the same period in the previous year, the firm earned $2.91 earnings per share. The firm's quarterly revenue 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. As a group, 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 dividend of $0.44 per share. The ex-dividend date was Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a yield of 0.7%. 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.

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