Salesforce Inc. $CRM Stock Sold by AMF Tjanstepension AB

Key Points

• AMF Tjanstepension AB cut its Salesforce stake by 98.8% in the third quarter, selling 920,415 shares and retaining 10,711 shares worth approximately $2.46 million. Institutional investors and hedge funds collectively own 80.43% of CRM stock.
• Salesforce reported quarterly revenue of $11.35 billion and adjusted earnings of $5.90 per share, significantly exceeding analyst expectations, while revenue grew 10.8% year over year.
• Wall Street maintains a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $278.98 versus the reported opening price of $250.37; Salesforce also pays a quarterly dividend of $0.44 per share.

AMF Tjanstepension AB reduced its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 98.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,711 shares of the CRM provider's stock after selling 920,415 shares during the quarter. AMF Tjanstepension AB's holdings in Salesforce were worth $2,459,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Fluent Financial LLC bought a new position in Salesforce in the second quarter valued at $2,265,000. TAM Capital Management Inc. acquired a new stake in Salesforce in the 1st quarter valued at $40,945,000. Secured Retirement Advisors LLC bought a new stake in Salesforce during the 1st quarter worth about $1,004,000. Janus Henderson Group PLC lifted its position in Salesforce by 2.5% during the 1st quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider's stock worth $23,846,000 after buying an additional 3,125 shares in the last quarter. Finally, Anchor Investment Management LLC lifted its position in Salesforce by 184.5% during the 2nd quarter. Anchor Investment Management LLC now owns 17,983 shares of the CRM provider's stock worth $2,817,000 after buying an additional 11,663 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Up 3.6%

CRM stock opened at $250.37 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $206.06 billion, a PE ratio of 17.90, a PEG ratio of 1.10 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 business's 50 day simple moving average is $235.24 and its 200 day simple moving average is $196.52.

Salesforce (NYSE:CRM - Get Free Report) last posted 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 business had revenue of $11.35 billion for the quarter, compared to analysts' expectations of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%. The firm's revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business 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, research analysts anticipate that Salesforce Inc. will post 12.82 EPS for the current year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were given a dividend of $0.44 per share. The ex-dividend date was Thursday, September 17th. This represents a $1.76 annualized dividend and a yield of 0.7%. Salesforce's dividend payout ratio (DPR) is 16.04%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CRM. Erste Group Bank upgraded shares of Salesforce from a "hold" rating to a "buy" rating in a research note on Wednesday, August 5th. Morgan Stanley set a $315.00 target price on Salesforce in a research report on Wednesday, September 2nd. Cantor Fitzgerald reiterated an "overweight" rating and set a $300.00 target price on shares of Salesforce in a report on Wednesday. BMO Capital Markets increased their price target on Salesforce from $250.00 to $285.00 and gave the company an "outperform" rating in a research report on Thursday, September 17th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Salesforce in a research report on Monday, October 12th. They set a "buy" rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Salesforce presently has a consensus rating of "Moderate Buy" and an average target price of $278.98.

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce agreed to acquire customer-engagement platform Braze for approximately $5.66 billion in cash, adding real-time consumer-event processing and marketing capabilities that could strengthen Marketing Cloud and support its Agentforce AI strategy. The transaction is expected to close in fiscal 2028, subject to regulatory approval. Salesforce Fuels AI Engine With $5.66B Braze Buyout
• Positive Sentiment: UBS described the deal as a strategic fit at a reasonable price, while Jefferies said it could improve Salesforce’s marketing offering and accelerate consolidation across the software industry. Salesforce's Braze deal wins UBS backing on strategy, but growth concerns remain
• Positive Sentiment: Cantor Fitzgerald reaffirmed its “overweight” rating and set a $300 price target, implying further upside based on Salesforce’s AI, data and customer-engagement opportunities. Cantor Fitzgerald Salesforce rating
• Neutral Sentiment: The stock is also benefiting from a selective rebound in enterprise software names that had been pressured by artificial-intelligence disruption fears. Salesforce has substantially outperformed the broader market over the past six months, raising expectations that improving growth and AI monetization are already influencing investor sentiment. Adobe Jumps as Software Names Rebound
• Negative Sentiment: The all-cash purchase represents a sizable commitment and carries a 58% premium to Braze’s value. Analysts cautioned that Salesforce still must demonstrate stronger organic growth, realize synergies and secure antitrust clearance; those concerns initially pressured the shares after the announcement. Salesforce's $5.6B Braze Buyout

Insider Activity at Salesforce

In other news, Director David Blair Kirk bought 4,176 shares of the firm's stock in a transaction dated Friday, September 18th. The shares were bought at an average price of $239.33 per share, with a total value of $999,442.08. Following the completion of the transaction, the director owned 18,748 shares of the company's stock, valued at $4,486,958.84. This trade represents a 28.66% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Craig Conway sold 4,500 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $260.61, for a total value of $1,172,745.00. Following the transaction, the director owned 5,437 shares in the company, valued at approximately $1,416,936.57. This trade represents a 45.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.50% of the company's stock.

About Salesforce

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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