Salesforce Inc. $CRM Stock Sold by Mountain Hill Investment Partners Corp.

Key Points

• Mountain Hill Investment Partners cut its Salesforce stake by 37.8% in the third quarter, selling 18,007 shares and retaining 29,571 shares worth approximately $6.8 million. Institutional investors collectively own 80.43% of Salesforce.
• Salesforce reported strong quarterly results, with EPS of $5.90 versus the $3.27 consensus estimate and revenue of $11.35 billion, up 10.8% year over year. The company also pays a quarterly dividend of $0.44 per share, yielding about 0.7% annually.
• Wall Street remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $278.98 versus the stock’s reported $248.79 price. Insider activity was mixed: one director sold shares while another increased his position.

Mountain Hill Investment Partners Corp. trimmed its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 37.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,571 shares of the CRM provider's stock after selling 18,007 shares during the quarter. Salesforce makes up 3.8% of Mountain Hill Investment Partners Corp.'s portfolio, making the stock its 12th biggest position. Mountain Hill Investment Partners Corp.'s holdings in Salesforce were worth $6,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in CRM. NTV Asset Management LLC bought a new position in Salesforce during the 3rd quarter worth approximately $244,000. Sowell Financial Services LLC grew its position in shares of Salesforce by 16.1% in the 3rd quarter. Sowell Financial Services LLC now owns 9,277 shares of the CRM provider's stock worth $2,130,000 after acquiring an additional 1,288 shares in the last quarter. Murphy Pohlad Asset Management LLC bought a new stake in shares of Salesforce in the 3rd quarter valued at approximately $1,407,000. Altura Wealth Advisors Inc. bought a new stake in shares of Salesforce in the 3rd quarter valued at approximately $211,000. Finally, Farmers & Merchants Investments Inc. raised its position in shares of Salesforce by 2.7% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 103,283 shares of the CRM provider's stock valued at $23,711,000 after acquiring an additional 2,702 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Craig Conway sold 4,500 shares of the business's 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 transaction, the director owned 5,437 shares of the company's stock, valued at approximately $1,416,936.57. The trade was a 45.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David Blair Kirk purchased 4,176 shares of the stock in a transaction dated Friday, September 18th. The shares were purchased at an average price of $239.33 per share, with a total value of $999,442.08. Following the transaction, the director directly owned 18,748 shares of the company's stock, valued at approximately $4,486,958.84. The trade was a 28.66% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 3.50% of the company's stock.

Salesforce Stock Down 0.6%

NYSE:CRM opened at $248.79 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 stock has a 50 day moving average of $236.30 and a 200-day moving average of $196.88. The firm has a market capitalization of $204.76 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 1.13 and a beta of 1.26. Salesforce Inc. has a 52 week low of $146.32 and a 52 week high of $269.11.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) 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 business had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.33 billion. During the same quarter last year, the business posted $2.91 EPS. The business's revenue was up 10.8% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Analysts predict that Salesforce Inc. will post 12.82 EPS for the current year.

Salesforce Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CRM shares. Cantor Fitzgerald restated an "overweight" rating and set a $300.00 price objective on shares of Salesforce in a research note on Wednesday. BMO Capital Markets lifted their price objective on shares of Salesforce from $250.00 to $285.00 and gave the stock an "outperform" rating in a report on Thursday, September 17th. Mizuho boosted their target price on shares of Salesforce from $265.00 to $280.00 and gave the company an "outperform" rating in a research note on Wednesday, September 16th. Erste Group Bank raised shares of Salesforce from a "hold" rating to a "buy" rating in a report on Wednesday, August 5th. Finally, Evercore reissued an "outperform" rating on shares of Salesforce in a report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $278.98.

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce’s AI products are reportedly growing at triple-digit rates, while its Agentforce platform and more than $14 billion in annual free cash flow could support profitable expansion. The company’s valuation may look attractive if AI adoption accelerates. Salesforce Is Betting Big on AI. The Payoff Could Be Bigger Than Investors Expect
• Positive Sentiment: Cantor Fitzgerald reaffirmed an “Overweight” rating, indicating continued confidence in Salesforce’s growth outlook and AI transition. Salesforce Stock Rating Reaffirmed as Overweight
• Positive Sentiment: The $5.66 billion Braze purchase could expand Salesforce’s customer-engagement capabilities and strengthen its push from AI defense toward a broader autonomous-agent strategy. Salesforce’s $5.6B Braze Buyout
• Neutral Sentiment: Investor comparisons with Adobe, Arista Networks and Snowflake highlight Salesforce’s CRM leadership, focus on profitable growth and AI-agent pivot, but do not represent new company-specific developments. Salesforce vs. Snowflake
• Negative Sentiment: Investors may be concerned that the Braze acquisition’s $5.66 billion price will increase integration risk and pressure near-term returns. Questions about contracts, pricing and customer impact could temper enthusiasm for the deal. Salesforce to Buy Braze for $5.66B

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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