Salesforce Inc. $CRM Stock Sold by Arlington Financial Advisors LLC

Arlington Financial Advisors LLC lowered its position in Salesforce Inc. (NYSE:CRM - Free Report) by 25.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,433 shares of the CRM provider's stock after selling 4,893 shares during the quarter. Arlington Financial Advisors LLC's holdings in Salesforce were worth $3,313,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tanager Wealth Management LLP acquired a new stake in Salesforce during the 3rd quarter worth $214,000. Kercheville Advisors LLC acquired a new position in Salesforce in the third quarter valued at $1,469,000. Abel Hall LLC acquired a new position in Salesforce in the third quarter valued at $320,000. RWQ Financial Management Services Inc. purchased a new position in shares of Salesforce during the third quarter worth about $4,607,000. Finally, Independent Wealth Network Inc. purchased a new position in shares of Salesforce during the third quarter worth about $255,000. Institutional investors and hedge funds own 80.43% of the company's stock.

Wall Street Analysts Forecast Growth

CRM has been the topic of a number of research analyst reports. BTIG Research reiterated a "buy" rating and set a $300.00 target price on shares of Salesforce in a research report on Wednesday, September 2nd. Canaccord Genuity Group upped their target price on Salesforce from $270.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday, September 17th. Susquehanna assumed coverage on Salesforce in a research note on Wednesday, July 1st. They set a "neutral" rating on the stock. TD Cowen started coverage on Salesforce in a research note on Monday, October 12th. They set a "buy" rating on the stock. Finally, UBS Group reaffirmed a "buy" rating on shares of Salesforce in a research report on Friday, September 11th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $278.40.

Salesforce Stock Performance

NYSE CRM opened at $242.77 on Tuesday. The firm has a market cap of $199.80 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.09 and a beta of 1.26. Salesforce Inc. has a 52-week low of $146.32 and a 52-week high of $269.11. The business's 50-day moving average price is $232.38 and its 200 day moving average price is $195.29. The company has a quick ratio of 0.84, a current 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 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $11.33 billion. During the same period in the prior year, the business earned $2.91 EPS. The firm's 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. On average, equities research analysts expect that Salesforce Inc. will post 12.82 earnings per share for the current year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were issued a $0.44 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce's payout ratio is presently 16.04%.

Insider Buying and Selling

In related news, Director David Blair Kirk purchased 4,176 shares of the business's stock in a transaction dated Friday, September 18th. The stock was acquired at an average price of $239.33 per share, for a total transaction of $999,442.08. Following the completion of the purchase, the director directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Craig Conway sold 4,500 shares of the company'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 value of $1,172,745.00. Following 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 SEC filing for this sale provides additional information. Insiders own 3.50% of the company's stock.

Salesforce 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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