670,559 Salesforce Inc. $CRM Shares Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its Salesforce position by 99.7% in the third quarter, selling 670,559 shares and retaining 2,315 shares valued at approximately $531,000. Institutional investors collectively own 80.43% of CRM.
• Salesforce’s AI expansion remains a key focus, with the launch of the Hunter outbound sales agent, the Loops AI acquisition and new Agentforce capabilities. However, concerns about AI spending returns, pricing and customer retention have weighed on the stock.
• CRM shares opened at $241, down 2.3%, while analyst sentiment remained a “Moderate Buy” with an average price target of $278.12. The company recently reported better-than-expected quarterly EPS and revenue growth of 10.8% year over year.

Curated Wealth Partners LLC cut its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 99.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,315 shares of the CRM provider's stock after selling 670,559 shares during the period. Curated Wealth Partners LLC's holdings in Salesforce were worth $531,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Salesforce during the 2nd quarter worth about $11,396,844,000. Arrowstreet Capital Limited Partnership lifted its stake in Salesforce by 130.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider's stock worth $2,363,096,000 after purchasing an additional 7,160,302 shares during the last quarter. Bank of America Corp DE lifted its stake in Salesforce by 28.0% during the first quarter. Bank of America Corp DE now owns 11,724,790 shares of the CRM provider's stock worth $2,188,666,000 after purchasing an additional 2,561,923 shares during the last quarter. Legal & General Group Plc acquired a new position in Salesforce in the second quarter valued at approximately $927,332,000. Finally, Bank of New York Mellon Corp acquired a new stake in Salesforce during the second 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 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%

Shares of CRM stock opened at $241.00 on Friday. The company has a market capitalization of $198.35 billion, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 1.12 and a beta of 1.26. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02. The business's 50 day moving average is $231.47 and its two-hundred day moving average is $194.82. Salesforce Inc. has a twelve month low of $146.32 and a twelve month high of $269.11.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.27 by $2.63. The business had revenue of $11.35 billion for the quarter, compared to analyst estimates of $11.33 billion. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The business's revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.91 earnings per share. 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 analysts forecast that Salesforce Inc. will post 12.82 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, September 17th. Salesforce's dividend payout ratio (DPR) is currently 16.04%.

Analyst Ratings Changes

CRM has been the subject of several recent analyst reports. Oppenheimer restated an "outperform" rating on shares of Salesforce in a research report on Thursday, September 17th. Wells Fargo & Company downgraded shares of Salesforce from a "buy" rating to a "strong sell" rating in a research report on Monday. Wedbush initiated coverage on shares of Salesforce in a research note on Wednesday, July 1st. They set an "outperform" rating on the stock. Citigroup reissued a "market outperform" rating on shares of Salesforce in a research report on Friday, September 18th. Finally, Wall Street Zen downgraded Salesforce from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Three analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Salesforce currently has an average rating of "Moderate Buy" and an average target price of $278.12.

Insider Activity at Salesforce

In related news, 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 sale, the director directly owned 5,437 shares in the company, valued at $1,416,936.57. The trade was a 45.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Blair Kirk bought 4,176 shares of the firm's stock in a transaction on Friday, September 18th. The shares were bought at an average price of $239.33 per share, for a total transaction of $999,442.08. Following the completion of the transaction, 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 company insiders.

About Salesforce

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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