Salesforce Inc. $CRM Shares Acquired by Boothbay Fund Management LLC

Boothbay Fund Management LLC increased its stake in shares of Salesforce Inc. (NYSE:CRM) by 28.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,043 shares of the CRM provider’s stock after acquiring an additional 7,408 shares during the period. Boothbay Fund Management LLC’s holdings in Salesforce were worth $9,010,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC increased its holdings in shares of Salesforce by 13.7% during the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after purchasing an additional 3,102 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after buying an additional 205 shares during the period. Bison Wealth LLC increased its holdings in Salesforce by 9.0% in the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after buying an additional 184 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its position in shares of Salesforce by 119.1% in the first quarter. Vestmark Advisory Solutions Inc. now owns 23,452 shares of the CRM provider’s stock worth $6,294,000 after acquiring an additional 12,746 shares during the period. Finally, Horizon Investments LLC boosted its stake in shares of Salesforce by 7.3% during the 1st quarter. Horizon Investments LLC now owns 30,939 shares of the CRM provider’s stock worth $8,290,000 after acquiring an additional 2,113 shares in the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Parker Harris sold 134,662 shares of the stock in a transaction that occurred on 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 sale, the insider owned 139,767 shares of the company’s stock, valued at approximately $32,803,314.90. This trade represents a 49.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Marc Benioff sold 122 shares of Salesforce stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $259.00, for a total value of $31,598.00. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,085,096,889. The trade was a 0.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 177,534 shares of company stock worth $42,194,197 over the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CRM has been the subject of several recent analyst reports. Morgan Stanley cut their price target on Salesforce from $405.00 to $398.00 and set an “overweight” rating for the company in a research note on Tuesday. Mizuho set a $340.00 price objective on Salesforce in a report on Wednesday. Sanford C. Bernstein restated an “underperform” rating on shares of Salesforce in a research report on Thursday, December 4th. Robert W. Baird reduced their target price on Salesforce from $325.00 to $315.00 and set an “outperform” rating for the company in a research note on Thursday, December 4th. Finally, Wall Street Zen raised shares of Salesforce from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Twenty-eight investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Salesforce has an average rating of “Moderate Buy” and an average price target of $326.46.

Salesforce Trading Down 0.0%

Shares of CRM opened at $262.34 on Friday. Salesforce Inc. has a 52-week low of $221.96 and a 52-week high of $367.09. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.14. The firm’s fifty day moving average is $245.50 and its two-hundred day moving average is $252.26. The stock has a market cap of $245.81 billion, a PE ratio of 35.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.25.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.39. The business had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $10.27 billion. Salesforce had a net margin of 17.91% and a return on equity of 14.41%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.41 earnings per share. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Research analysts forecast 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 issued a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, December 18th. Salesforce’s payout ratio is currently 22.16%.

Salesforce Profile

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.