Salesforce Inc. $CRM Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors cut its Salesforce stake by 44.3% in the third quarter, selling 22,819 shares and retaining 28,678 shares worth approximately $6.6 million.
• Salesforce reported quarterly revenue of $11.35 billion and earnings of $5.90 per share, substantially exceeding analyst expectations; revenue increased 10.8% year over year.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $278.98; Salesforce also pays a $0.44 quarterly dividend, yielding about 0.7%.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 44.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,678 shares of the CRM provider's stock after selling 22,819 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Salesforce were worth $6,584,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Aries Wealth Management lifted its holdings in Salesforce by 3.6% during the 3rd quarter. Aries Wealth Management now owns 3,516 shares of the CRM provider's stock worth $807,000 after buying an additional 122 shares in the last quarter. Bradley & Co. Private Wealth Management LLC boosted its position in Salesforce by 9.6% in the 3rd quarter. Bradley & Co. Private Wealth Management LLC now owns 558 shares of the CRM provider's stock valued at $128,000 after buying an additional 49 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its position in Salesforce by 12.9% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 9,824 shares of the CRM provider's stock valued at $2,255,000 after buying an additional 1,126 shares during the last quarter. Samalin Investment Counsel LLC acquired a new stake in shares of Salesforce in the 3rd quarter valued at $313,000. Finally, Winter & Associates Inc. acquired a new stake in shares of Salesforce in the 3rd quarter valued at $270,000. Institutional investors and hedge funds own 80.43% of the company's stock.

Salesforce Price Performance

NYSE CRM opened at $248.79 on Monday. 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 cap of $204.76 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 1.13 and a beta of 1.26. The business has a 50 day simple moving average of $236.30 and a 200 day simple moving average of $196.97. 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 results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, beating analysts' consensus estimates of $3.27 by $2.63. The firm 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% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Analysts anticipate that Salesforce Inc. will post 12.82 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The business 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. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Thursday, September 17th. Salesforce's dividend payout ratio (DPR) is presently 16.04%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CRM. Barclays downgraded Salesforce from an "overweight" rating to a "positive" rating in a research report on Monday, October 12th. Citizens Jmp reiterated a "market outperform" rating and issued a $315.00 price target on shares of Salesforce in a report on Friday, September 18th. Susquehanna assumed coverage on Salesforce in a research report on Wednesday, July 1st. They issued a "neutral" rating for the company. Wolfe Research raised Salesforce from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 27th. Finally, Bank of America raised Salesforce from an "underperform" rating to a "buy" rating and boosted their price objective for the stock from $160.00 to $285.00 in a report on Monday, October 12th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $278.98.

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

Insider Buying and Selling at Salesforce

In other Salesforce news, Director Craig Conway sold 4,500 shares of the 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 completion of the transaction, the director owned 5,437 shares in the company, valued at approximately $1,416,936.57. This represents a 45.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Blair Kirk purchased 4,176 shares of the company's stock in a transaction on Friday, September 18th. The stock was purchased at an average cost of $239.33 per share, for a total transaction of $999,442.08. Following the purchase, the director directly owned 18,748 shares in the company, valued at approximately $4,486,958.84. This trade represents a 28.66% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.50% of the company's stock.

Salesforce Company 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.

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