Salesforce Inc. $CRM Shares Sold by Seaview Investment Managers LLC

Key Points

• Seaview Investment Managers LLC sharply reduced its Salesforce stake in the fourth quarter, cutting its position by 82.7% and selling 26,698 shares. After the sale, it held 5,591 shares valued at about $1.48 million.
• Salesforce reported stronger-than-expected quarterly results, posting $3.81 in EPS versus $3.05 expected and revenue of $11.20 billion, up 12.1% year over year. The company also issued FY 2027 guidance and Q1 2027 guidance above current-year expectations.
• Management and analysts remain active on the stock: Salesforce authorized a $25 billion share repurchase plan, while directors Laura Alber and David Blair Kirk both bought shares in March. Analysts currently rate the stock a “Moderate Buy,” with an average target price of $274.12.

Seaview Investment Managers LLC reduced its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 82.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,591 shares of the CRM provider's stock after selling 26,698 shares during the period. Seaview Investment Managers LLC's holdings in Salesforce were worth $1,481,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aspire Growth Partners LLC increased its position in Salesforce by 1.2% during the third quarter. Aspire Growth Partners LLC now owns 3,355 shares of the CRM provider's stock worth $795,000 after purchasing an additional 39 shares during the last quarter. Byrne Asset Management LLC increased its position in Salesforce by 1.0% during the fourth quarter. Byrne Asset Management LLC now owns 4,331 shares of the CRM provider's stock worth $1,147,000 after purchasing an additional 43 shares during the last quarter. Mathes Company Inc. increased its position in shares of Salesforce by 0.4% during the 3rd quarter. Mathes Company Inc. now owns 12,558 shares of the CRM provider's stock worth $2,976,000 after purchasing an additional 45 shares during the last quarter. Fred Alger Management LLC increased its position in shares of Salesforce by 0.3% during the 3rd quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider's stock worth $3,548,000 after purchasing an additional 45 shares during the last quarter. Finally, Beacon Capital Management LLC increased its position in shares of Salesforce by 3.5% during the 3rd quarter. Beacon Capital Management LLC now owns 1,372 shares of the CRM provider's stock worth $325,000 after purchasing an additional 46 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Trading Up 0.1%

Shares of CRM stock opened at $180.32 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $147.54 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 1.25 and a beta of 1.14. The company has a 50 day moving average price of $181.89 and a 200 day moving average price of $212.11. Salesforce Inc. has a fifty-two week low of $163.52 and a fifty-two week high of $280.74.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The CRM provider reported $3.81 earnings per share for the quarter, beating analysts' consensus estimates of $3.05 by $0.76. The firm had revenue of $11.20 billion during the quarter, compared to analysts' expectations of $11.18 billion. Salesforce had a net margin of 17.96% and a return on equity of 15.38%. The business's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.78 earnings per share. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. Equities research analysts predict that Salesforce Inc. will post 9.71 EPS for the current fiscal year.

Salesforce declared that its Board of Directors has authorized a share repurchase plan on Monday, March 16th that allows the company to repurchase $25.00 billion in shares. This repurchase authorization allows the CRM provider to buy up to 14.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling

In other Salesforce news, Director Laura Alber acquired 2,571 shares of the company's stock in a transaction that occurred on Thursday, March 19th. The stock was purchased at an average price of $194.58 per share, for a total transaction of $500,265.18. Following the completion of the acquisition, the director owned 9,530 shares of the company's stock, valued at approximately $1,854,347.40. This trade represents a 36.94% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Blair Kirk acquired 2,570 shares of the company's stock in a transaction that occurred on Wednesday, March 18th. The stock was acquired at an average price of $194.62 per share, with a total value of $500,173.40. Following the acquisition, the director directly owned 13,689 shares of the company's stock, valued at approximately $2,664,153.18. This represents a 23.11% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 3.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. BTIG Research reaffirmed a "buy" rating and issued a $255.00 target price on shares of Salesforce in a research report on Friday, April 17th. Northland Securities dropped their price target on shares of Salesforce from $267.00 to $229.00 and set a "market perform" rating for the company in a research report on Tuesday, March 10th. Barclays dropped their price target on shares of Salesforce from $265.00 to $252.00 and set an "overweight" rating for the company in a research report on Thursday, February 26th. Wells Fargo & Company dropped their price target on shares of Salesforce from $235.00 to $210.00 and set an "equal weight" rating for the company in a research report on Thursday, February 26th. Finally, Royal Bank Of Canada dropped their price target on shares of Salesforce from $290.00 to $210.00 and set a "sector perform" rating for the company in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $274.12.

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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