Salesforce Inc. $CRM Shares Purchased by Valiant Capital Management L.P.

Valiant Capital Management L.P. raised its holdings in Salesforce Inc. (NYSE:CRM) by 7.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 132,410 shares of the CRM provider’s stock after acquiring an additional 9,000 shares during the period. Salesforce makes up approximately 2.0% of Valiant Capital Management L.P.’s portfolio, making the stock its 18th biggest position. Valiant Capital Management L.P.’s holdings in Salesforce were worth $36,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of CRM. NewEdge Advisors LLC grew its holdings in Salesforce by 3.0% in the second quarter. NewEdge Advisors LLC now owns 96,843 shares of the CRM provider’s stock valued at $26,408,000 after purchasing an additional 2,817 shares during the period. Stamos Capital Partners L.P. boosted its holdings in shares of Salesforce by 91.5% in the 2nd quarter. Stamos Capital Partners L.P. now owns 14,198 shares of the CRM provider’s stock valued at $3,872,000 after purchasing an additional 6,784 shares during the last quarter. Tripletail Wealth Management LLC purchased a new stake in shares of Salesforce during the 2nd quarter valued at $274,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new stake in shares of Salesforce during the 2nd quarter valued at $4,264,000. Finally, Lombard Odier Asset Management Switzerland SA increased its holdings in shares of Salesforce by 5.2% during the 2nd quarter. Lombard Odier Asset Management Switzerland SA now owns 46,129 shares of the CRM provider’s stock worth $12,579,000 after buying an additional 2,294 shares during the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce Stock Performance

NYSE:CRM opened at $260.96 on Wednesday. The firm has a 50-day moving average of $244.03 and a two-hundred day moving average of $252.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $244.52 billion, a P/E ratio of 34.84, a PEG ratio of 1.94 and a beta of 1.25. Salesforce Inc. has a 1-year low of $221.96 and a 1-year high of $367.09.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 EPS for the quarter, beating the consensus estimate of $2.86 by $0.39. The company had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $10.27 billion. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th will be given a $0.416 dividend. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $1.66 annualized dividend and a dividend yield of 0.6%. Salesforce’s payout ratio is presently 22.16%.

Analyst Ratings Changes

CRM has been the topic of a number of research analyst reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $300.00 target price on shares of Salesforce in a report on Thursday, December 4th. JPMorgan Chase & Co. reduced their price objective on Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. Cantor Fitzgerald reissued an “overweight” rating on shares of Salesforce in a research report on Thursday, December 4th. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Salesforce in a research report on Thursday, December 4th. Finally, Mizuho set a $340.00 price objective on shares of Salesforce in a research report on Wednesday. Twenty-eight research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $326.46.

Insider Activity

In other news, CEO Marc Benioff sold 122 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $259.00, for a total transaction of $31,598.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,085,096,889. This trade represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Parker Harris sold 134,662 shares of Salesforce stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total value of $31,605,171.40. Following the completion of the transaction, the insider owned 139,767 shares of the company’s stock, valued at $32,803,314.90. This trade represents a 49.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 179,784 shares of company stock worth $42,742,994. 3.00% of the stock is currently owned by corporate insiders.

About Salesforce

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.