Salesforce Inc. $CRM Stock: Keeler Thomas Management LLC Cuts Holdings

Key Points

• Keeler Thomas Management LLC cut its Salesforce stake by 32.8% in the third quarter, selling 2,752 shares and retaining 5,640 shares valued at approximately $1.3 million. Institutional investors collectively own 80.43% of Salesforce.
• Salesforce reported quarterly earnings of $5.90 per share, beating estimates of $3.27, while revenue rose 10.8% year over year to $11.35 billion. The company also pays a quarterly dividend of $0.44 per share, equivalent to a 0.8% annual yield.
• Despite shares trading down 1.4% at $225.87, Wall Street maintains a generally positive view, with an average “Moderate Buy” rating and a consensus price target of $278.98.

Keeler Thomas Management LLC lessened its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 32.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 5,640 shares of the CRM provider's stock after selling 2,752 shares during the period. Keeler Thomas Management LLC's holdings in Salesforce were worth $1,295,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Summit Wealth Group LLC Co. increased its stake in Salesforce by 119.7% in the 3rd quarter. Summit Wealth Group LLC Co. now owns 3,258 shares of the CRM provider's stock worth $748,000 after purchasing an additional 1,775 shares in the last quarter. Landaas & Co. WI ADV acquired a new position in shares of Salesforce in the third quarter worth about $313,000. SilverOak Wealth Management LLC acquired a new position in shares of Salesforce in the third quarter worth about $268,000. Independence Wealth Advisors LLC acquired a new position in shares of Salesforce in the third quarter worth about $285,000. Finally, One Way Holdings LLC increased its position in shares of Salesforce by 3.2% in the third quarter. One Way Holdings LLC now owns 150,287 shares of the CRM provider's stock worth $34,501,000 after acquiring an additional 4,616 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Salesforce Trading Down 1.4%

NYSE:CRM opened at $225.87 on Tuesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The stock's 50-day moving average is $239.27 and its two-hundred day moving average is $198.81. The stock has a market cap of $185.89 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 1.10 and a beta of 1.26.

Salesforce (NYSE:CRM - Get Free Report) last issued its 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 company had revenue of $11.35 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the company 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 forecast that Salesforce Inc. will post 12.82 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a yield of 0.8%. Salesforce's payout ratio is presently 16.04%.

Insider Activity at Salesforce

In other Salesforce news, Director Craig Conway sold 4,500 shares of Salesforce stock in a transaction on Friday, September 4th. The shares were sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the completion of the sale, the director owned 5,437 shares of the company's stock, valued at $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 is available at this hyperlink. Also, Director David Blair Kirk bought 4,176 shares of the firm's stock in a transaction on Friday, September 18th. The shares were bought at an average cost of $239.33 per share, with a total value 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. The disclosure for this purchase is available in the SEC filing. 3.50% of the stock is currently owned by corporate insiders.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce agreed to acquire Cresta, an AI software company focused on improving contact-center productivity and customer service. The deal could strengthen Salesforce’s AI-agent strategy and support broader adoption of its CRM platform. Financial terms and the expected closing date were not disclosed. Salesforce Signs Definitive Agreement to Acquire Cresta
• Positive Sentiment: Analysts and financial commentary continue to identify Salesforce as a potential bargain, citing its improving AI monetization, strong cash generation and relatively depressed valuation compared with its longer-term prospects. This could support a rebound if growth reaccelerates. 5 Stocks to Buy in November
• Positive Sentiment: Salesforce’s history of exceeding earnings expectations, along with favorable analyst estimates, has raised expectations for another quarterly earnings beat. A stronger-than-expected report could provide a near-term catalyst, although this remains speculative ahead of results. Will Salesforce Beat Estimates Again
• Neutral Sentiment: Salesforce Ventures participated in a $700 million funding round for Hark, an AI startup developing foundation models for a consumer personal assistant. The investment expands Salesforce’s AI exposure beyond core CRM products, but its financial impact and strategic returns are uncertain. Why Salesforce Is Backing Hark
• Neutral Sentiment: Salesforce-related AIforce coverage highlights efforts to make CRM tools accessible through Claude, Slack and Salesforce interfaces, reinforcing the company’s push toward more convenient AI-enabled workflows. What is AIforce
• Negative Sentiment: CRM underperformed the broader market in the latest session, closing at $226.18. The decline reflects investor caution while the market evaluates Salesforce’s acquisition pace, AI spending and the timing of returns from these initiatives. Why Salesforce Dipped More Than the Broader Market

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CRM. Monness Crespi & Hardt boosted their price target on shares of Salesforce from $222.00 to $266.00 and gave the company a "buy" rating in a report on Thursday, August 27th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $300.00 price objective on shares of Salesforce in a research note on Wednesday, October 21st. Argus lifted their price objective on shares of Salesforce from $290.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday, August 31st. UBS Group reiterated a "buy" rating on shares of Salesforce in a research report on Friday, September 11th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Salesforce in a research note on Monday, October 12th. They set a "buy" rating on the stock. Three investment 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Salesforce presently has an average rating of "Moderate Buy" and an average price target of $278.98.

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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