Salesforce Inc. $CRM Stock: Glenview Trust Co Lowers Stake

Key Points

• Glenview Trust Co. reduced its Salesforce stake by 22.1% in the third quarter, selling 4,946 shares and retaining 17,433 shares valued at approximately $4 million. Institutional investors collectively own 80.43% of CRM.
• Analyst sentiment remains favorable, with Salesforce carrying a consensus “Moderate Buy” rating and an average price target of $278.98, despite some recent rating changes.
• Salesforce exceeded quarterly earnings expectations, reporting $5.90 EPS versus a $3.27 estimate and $11.35 billion in revenue, up 10.8% year over year. The company also declared a $0.44-per-share quarterly dividend, representing a 0.8% annualized yield.

Glenview Trust Co decreased its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 22.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,433 shares of the CRM provider's stock after selling 4,946 shares during the period. Glenview Trust Co's holdings in Salesforce were worth $4,002,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CRM. Partners Wealth Management LLC acquired a new position in Salesforce during the third quarter valued at approximately $1,027,000. Soltis Investment Advisors LLC increased its position in shares of Salesforce by 16.0% during the 3rd quarter. Soltis Investment Advisors LLC now owns 7,850 shares of the CRM provider's stock worth $1,802,000 after purchasing an additional 1,081 shares during the last quarter. Everett Harris & Co. CA acquired a new position in shares of Salesforce during the 3rd quarter worth approximately $214,000. ERn Financial LLC bought a new stake in shares of Salesforce during the 3rd quarter worth approximately $227,000. Finally, United Asset Strategies Inc. raised its stake in shares of Salesforce by 4.0% during the 3rd quarter. United Asset Strategies Inc. now owns 5,533 shares of the CRM provider's stock worth $1,270,000 after purchasing an additional 211 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CRM has been the subject of several recent analyst reports. Wall Street Zen downgraded Salesforce from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Truist Financial restated a "buy" rating and set a $300.00 target price (up from $280.00) on shares of Salesforce in a report on Thursday, August 27th. Evercore reaffirmed an "outperform" rating on shares of Salesforce in a research report on Tuesday, October 20th. Erste Group Bank raised shares of Salesforce from a "hold" rating to a "buy" rating in a research report on Wednesday, August 5th. Finally, Wolfe Research upgraded shares of Salesforce from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Salesforce presently has a consensus rating of "Moderate Buy" and an average target price of $278.98.

Insider Transactions at Salesforce

In other Salesforce news, Director David Blair Kirk bought 4,176 shares of the firm's stock in a transaction 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Craig Conway sold 4,500 shares of the firm's stock in a transaction that occurred on 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 transaction, the director directly owned 5,437 shares in the company, valued at $1,416,936.57. This represents a 45.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.50% of the stock is currently owned by company insiders.

Salesforce Stock Performance

NYSE:CRM opened at $228.56 on Friday. The stock has a 50 day simple moving average of $238.94 and a 200 day simple moving average of $198.88. The stock has a market cap of $188.10 billion, a P/E ratio of 20.84, a PEG ratio of 1.04 and a beta of 1.26. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $269.11. 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 (NYSE:CRM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, topping the consensus estimate of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%. The firm had revenue of $11.35 billion for the quarter, compared to analysts' expectations of $11.33 billion. During the same quarter last year, the business earned $2.91 EPS. The company's quarterly revenue was up 10.8% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Research analysts anticipate that Salesforce Inc. will post 12.82 earnings per share for the current year.

Salesforce Announces Dividend

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

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce signed a definitive agreement to acquire Rune Technologies, a defense-technology company. The deal supports Salesforce’s push into military and government applications, potentially expanding its addressable market and adding a specialized technology platform. Financial terms were not disclosed. Salesforce Signs Definitive Agreement to Acquire Rune Technologies
• Positive Sentiment: TPM Holdings completed an 18-month realignment centered on Salesforce CRM and artificial intelligence for the architecture, engineering and construction industries. Its combination of TrebleHook and The Hunley Group could expand Salesforce-based implementations and demonstrate growing demand for industry-specific AI tools. TPM Holdings Accelerates Investment in AI and Salesforce CRM
• Positive Sentiment: Several analyst and investment articles describe Salesforce as a potential AI rebound candidate, citing autonomous AI agents, improving monetization, strong free cash flow and its leadership in customer relationship management. These views may support longer-term sentiment, although they are not new company guidance. AI Comeback Story Article
• Neutral Sentiment: Salesforce’s earnings report is approaching, making upcoming revenue growth, AI adoption, margins and forward guidance the main near-term catalysts. The company’s latest reported quarter included revenue of $11.35 billion and adjusted earnings that exceeded consensus estimates. Salesforce Earnings Preview
• Negative Sentiment: Salesforce declined in sympathy with ServiceNow, Fortinet and other software stocks after investors focused on slower contracted-revenue growth despite earnings beats and higher AI targets. The reaction has renewed concerns about enterprise-software demand, AI monetization timelines and elevated sector valuations. ServiceNow Results Dent Software Stocks

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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