Evergreen Capital Management LLC Sells 18,144 Shares of Salesforce Inc. $CRM

Evergreen Capital Management LLC trimmed its position in Salesforce Inc. (NYSE:CRM - Free Report) by 26.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,569 shares of the CRM provider's stock after selling 18,144 shares during the period. Evergreen Capital Management LLC's holdings in Salesforce were worth $11,861,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CRM. BlackRock Inc. acquired a new position in shares of Salesforce in the second quarter valued at approximately $11,396,844,000. Bank of America Corp DE acquired a new stake in Salesforce during the second quarter worth approximately $1,914,086,000. Arrowstreet Capital Limited Partnership boosted its position 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 acquiring an additional 7,160,302 shares during the last quarter. Legal & General Group Plc acquired a new stake in Salesforce during the second quarter worth approximately $927,332,000. Finally, Bank of New York Mellon Corp purchased a new stake in Salesforce in the 2nd quarter worth approximately $844,928,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CRM shares. Needham & Company LLC reiterated a "buy" rating on shares of Salesforce in a report on Thursday, September 17th. Mizuho raised their price objective on Salesforce from $265.00 to $280.00 and gave the stock an "outperform" rating in a report on Wednesday, September 16th. Guggenheim lifted their price objective on Salesforce from $270.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday, September 17th. Citigroup reaffirmed a "market outperform" rating on shares of Salesforce in a research report on Tuesday. Finally, Freedom Broker upped their target price on Salesforce from $230.00 to $295.00 and gave the company a "buy" rating in a research note on Thursday, September 17th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Salesforce currently has an average rating of "Moderate Buy" and a consensus price target of $278.98.

Insiders Place Their Bets

In other news, Director David Blair Kirk bought 4,176 shares of Salesforce stock in a transaction that occurred on Friday, September 18th. The shares were purchased at an average price of $239.33 per share, for a total transaction of $999,442.08. Following the completion of the acquisition, the director owned 18,748 shares of the company's stock, valued at $4,486,958.84. The trade was a 28.66% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Craig Conway sold 4,500 shares of Salesforce 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 transaction, the director owned 5,437 shares in the company, valued at $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. Corporate insiders own 3.50% of the company's stock.

Salesforce Price Performance

CRM opened at $248.79 on Friday. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $269.11. The company's 50 day simple moving average is $236.30 and its 200 day simple moving average is $196.88. The stock has a market capitalization of $204.76 billion, a PE ratio of 22.68, a P/E/G ratio of 1.13 and a beta of 1.26. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, topping the consensus estimate of $3.27 by $2.63. The firm had revenue of $11.35 billion during 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%. Salesforce's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior 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. As a group, sell-side analysts expect that Salesforce Inc. will post 12.82 EPS for the current year.

Salesforce Announces Dividend

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

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce’s AI products are reportedly growing at triple-digit rates, while its Agentforce platform and more than $14 billion in annual free cash flow could support profitable expansion. The company’s valuation may look attractive if AI adoption accelerates. Salesforce Is Betting Big on AI. The Payoff Could Be Bigger Than Investors Expect
• Positive Sentiment: Cantor Fitzgerald reaffirmed an “Overweight” rating, indicating continued confidence in Salesforce’s growth outlook and AI transition. Salesforce Stock Rating Reaffirmed as Overweight
• Positive Sentiment: The $5.66 billion Braze purchase could expand Salesforce’s customer-engagement capabilities and strengthen its push from AI defense toward a broader autonomous-agent strategy. Salesforce’s $5.6B Braze Buyout
• Neutral Sentiment: Investor comparisons with Adobe, Arista Networks and Snowflake highlight Salesforce’s CRM leadership, focus on profitable growth and AI-agent pivot, but do not represent new company-specific developments. Salesforce vs. Snowflake
• Negative Sentiment: Investors may be concerned that the Braze acquisition’s $5.66 billion price will increase integration risk and pressure near-term returns. Questions about contracts, pricing and customer impact could temper enthusiasm for the deal. Salesforce to Buy Braze for $5.66B

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.

Want to see what other hedge funds are holding CRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Salesforce Inc. (NYSE:CRM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.