Salesforce Inc. $CRM Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 5.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 192,029 shares of the CRM provider's stock after selling 10,786 shares during the quarter. Commonwealth Equity Services LLC's holdings in Salesforce were worth $44,084,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Collaborative Fund Advisors LLC acquired a new position in shares of Salesforce in the 3rd quarter valued at $614,000. Smallwood Wealth Investment Management LLC grew its stake in shares of Salesforce by 19.1% during the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 392 shares of the CRM provider's stock valued at $90,000 after buying an additional 63 shares during the period. Richardson Financial Services Inc. grew its stake in shares of Salesforce by 43.6% during the 3rd quarter. Richardson Financial Services Inc. now owns 915 shares of the CRM provider's stock valued at $210,000 after buying an additional 278 shares during the period. Ascent Group LLC increased its holdings in shares of Salesforce by 8.4% during the 3rd quarter. Ascent Group LLC now owns 19,601 shares of the CRM provider's stock worth $4,500,000 after buying an additional 1,524 shares during the last quarter. Finally, 3Chopt Investment Partners LLC increased its holdings in shares of Salesforce by 23.6% during the 3rd quarter. 3Chopt Investment Partners LLC now owns 4,027 shares of the CRM provider's stock worth $926,000 after buying an additional 770 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CRM. Zacks Research upgraded Salesforce from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 3rd. Oppenheimer restated an "outperform" rating on shares of Salesforce in a research note on Thursday, September 17th. Needham & Company LLC restated a "buy" rating on shares of Salesforce in a report on Thursday, September 17th. Stephens reaffirmed an "equal weight" rating and issued a $289.00 price objective on shares of Salesforce in a research note on Friday, September 18th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Salesforce in a report on Thursday, August 27th. Four 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $278.98.

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce’s planned acquisition of AI voice-agent company Cresta could strengthen Agentforce and Service Cloud, adding capabilities for customer-service automation. The deal also brings acquisition costs and execution risks. Article: Salesforce Bets on AI Voice Agents With Planned Cresta Acquisition
• Positive Sentiment: Zacks Research upgraded Salesforce from “hold” to “strong buy,” a favorable analyst signal that may help counter near-term concerns. Article: Zacks Research rating
• Neutral Sentiment: Salesforce is expanding its Coworker offering and promoting a 21-times growth claim, but the report notes that no baseline is provided, making the figure difficult to assess. Article: Salesforce Expands Coworker’s Reach, but Its 21× Growth Claim Has No Baseline
• Neutral Sentiment: The company is extending Agent Fabric to help businesses manage AI agents across platforms. Its large customer base and reported 1.2 billion daily requests suggest potential, but investors still need evidence that the AI activity will translate into meaningful revenue. Article: Salesforce Stock: The 1 Number Investors Still Need to See
• Negative Sentiment: A broader software sell-off is weighing on CRM, while S&P Global Ratings cut Salesforce’s credit rating to A from A+. S&P cited acquisition spending and a $25 billion debt-financed buyback, which lifted pro forma net debt relative to EBITDA above its previous downgrade threshold. The rating action raises concerns about leverage and aggressive capital allocation. Article: S&P cuts Salesforce to A on rising acquisition debt and buybacks

Salesforce Stock Performance

NYSE:CRM opened at $213.96 on Friday. The firm's fifty day simple moving average is $239.53 and its 200 day simple moving average is $198.64. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02. Salesforce Inc. has a twelve month low of $146.32 and a twelve month high of $269.11. The firm has a market capitalization of $176.09 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 0.97 and a beta of 1.24.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $2.63. The firm had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%. The firm's quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.91 EPS. 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 expect that Salesforce Inc. will post 12.82 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were paid a $0.44 dividend. The ex-dividend date was Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.8%. Salesforce's dividend payout ratio (DPR) is 16.04%.

Insider Activity

In related news, Director Craig Conway sold 4,500 shares of the firm's stock in a transaction dated 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 sale, the director directly owned 5,437 shares in the company, valued at approximately $1,416,936.57. This trade represents a 45.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David Blair Kirk purchased 4,176 shares of Salesforce stock in a transaction that occurred on Friday, September 18th. The shares were bought at an average cost 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 $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. Company insiders own 3.50% of the company's stock.

Salesforce Profile

Salesforce, Inc is a cloud-based software company best known for customer relationship management (CRM) tools. Its platform helps businesses manage sales, customer service, marketing, commerce and customer data, and includes products such as Sales Cloud, Service Cloud, Data Cloud and Agentforce.

The company also offers Slack for workplace collaboration, Tableau for data analytics and visualization, and MuleSoft for connecting applications and data. Salesforce's products are used by organizations across a range of industries and are available to customers around the world.

Founded in 1999 by Marc Benioff and other co-founders, Salesforce is headquartered in San Francisco.

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