Numerai GP LLC Sells 9,552 Shares of Salesforce Inc. $CRM

Key Points

• Numerai GP LLC cut its stake in Salesforce by 28.5%, selling 9,552 shares to hold 23,997 shares worth about $5.69 million, which represents roughly 0.8% of its portfolio and is its 21st largest position.
• The Salesforce board authorized a $25 billion repurchase (first half of a $50 billion program) and commenced an approximately $25 billion accelerated share repurchase, a move that reduces float and should be near‑term EPS‑accretive.
• Salesforce beat quarterly expectations with $3.81 EPS (vs. $3.05 est.) and $11.20 billion revenue (up 12.1% year‑over‑year), and the company raised its quarterly dividend to $0.44 per share.

Numerai GP LLC lowered its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 28.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,997 shares of the CRM provider's stock after selling 9,552 shares during the period. Salesforce comprises about 0.8% of Numerai GP LLC's portfolio, making the stock its 21st biggest position. Numerai GP LLC's holdings in Salesforce were worth $5,687,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Maxi Investments CY Ltd raised its position in Salesforce by 39.9% in the third quarter. Maxi Investments CY Ltd now owns 45,210 shares of the CRM provider's stock valued at $10,715,000 after purchasing an additional 12,900 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Salesforce during the third quarter worth about $39,000. Mairs & Power Inc. increased its stake in shares of Salesforce by 16.1% in the third quarter. Mairs & Power Inc. now owns 294,789 shares of the CRM provider's stock valued at $69,865,000 after buying an additional 40,948 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Salesforce in the third quarter valued at approximately $198,703,000. Finally, L2 Asset Management LLC raised its holdings in Salesforce by 4.5% in the 3rd quarter. L2 Asset Management LLC now owns 4,359 shares of the CRM provider's stock valued at $1,033,000 after buying an additional 189 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Insider Activity at Salesforce

In other Salesforce news, Director David Blair Kirk purchased 1,936 shares of the business's stock in a transaction on Wednesday, December 17th. The shares were purchased at an average cost of $258.64 per share, for a total transaction of $500,727.04. Following the acquisition, the director owned 10,677 shares of the company's stock, valued at approximately $2,761,499.28. This represents a 22.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Neelie Kroes sold 3,893 shares of Salesforce stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $238.70, for a total transaction of $929,259.10. Following the completion of the sale, the director owned 7,299 shares of the company's stock, valued at $1,742,271.30. This represents a 34.78% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 3.00% of the company's stock.

Salesforce Trading Up 2.7%

CRM opened at $198.13 on Tuesday. Salesforce Inc. has a twelve month low of $174.57 and a twelve month high of $296.05. The company has a fifty day moving average of $209.31 and a 200-day moving average of $234.58. The stock has a market cap of $182.87 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The CRM provider reported $3.81 EPS for the quarter, beating analysts' consensus estimates of $3.05 by $0.76. Salesforce had a net margin of 17.96% and a return on equity of 15.38%. The business had revenue of $11.20 billion for the quarter, compared to analysts' expectations of $11.18 billion. During the same quarter in the prior year, the firm posted $2.78 earnings per share. The business's quarterly revenue was up 12.1% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. On average, sell-side analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce announced that its board has authorized a stock repurchase plan on Monday, March 16th that authorizes the company to repurchase $25.00 billion in shares. This repurchase authorization authorizes the CRM provider to purchase up to 14.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Salesforce Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Thursday, April 9th will be paid a dividend of $0.44 per share. This is an increase from Salesforce's previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, April 9th. Salesforce's payout ratio is 21.25%.

Analyst Ratings Changes

CRM has been the topic of a number of research reports. KeyCorp reduced their target price on shares of Salesforce from $400.00 to $300.00 and set an "overweight" rating on the stock in a report on Tuesday, February 24th. Bank of America dropped their price target on shares of Salesforce from $325.00 to $305.00 and set a "buy" rating for the company in a research note on Monday, November 17th. The Goldman Sachs Group reissued a "buy" rating and issued a $281.00 price objective on shares of Salesforce in a research note on Thursday, February 26th. Mizuho decreased their price objective on Salesforce from $280.00 to $265.00 and set an "outperform" rating for the company in a report on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Salesforce in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $280.21.

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce commenced an approximately $25 billion accelerated share repurchase (ASR) as the first half of its $50 billion repurchase program — immediate delivery of ~103 million shares reduces float and should be EPS-accretive. Salesforce Commences Largest-Ever $25 Billion Accelerated Share Repurchase
• Positive Sentiment: The Board authorized a $25 billion buyback authorization (per reports), allowing repurchase of roughly 14.1% of shares — a sign management views shares as undervalued and a structural support for the stock. RTT News
• Positive Sentiment: Historic ASR headlines from multiple outlets drove buying interest and momentum as traders price in lower share count and near-term EPS lift from the repurchase. Salesforce (CRM) Stock Climbs on Historic $25B Share Repurchase Launch
• Positive Sentiment: Recent fundamentals support the buyback move: Salesforce beat quarterly EPS and reiterated fiscal guidance, giving management room to return capital without sacrificing growth investments.
• Neutral Sentiment: J.P. Morgan published an options-focused note tied to geopolitical uncertainty (Iran war risks), highlighting potential volatility and trading strategies around CRM rather than a fundamental call. J.P. Morgan outlines CRM options play for uncertain Iran war outcome
• Neutral Sentiment: Analyst and media coverage (Seeking Alpha deep-dive, Zacks attention, bullish write-ups on Yahoo/InsiderMonkey) is raising retail/institutional interest — useful for momentum but not an immediate guarantee of sustained outperformance. Salesforce: Doubling Down In A Time Of Uncertainty
• Neutral Sentiment: Noted value investor activity (Bill Nygren buys) signals some institutional appetite, which can support the stock over the medium term but is incremental to the larger buyback-driven catalyst. The Legendary Bill Nygren Bought These Value Gems Last Quarter

Salesforce Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.

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