Salesforce Inc. $CRM Shares Purchased by VCI Wealth Management LLC

VCI Wealth Management LLC raised its position in Salesforce Inc. (NYSE:CRM) by 43.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 7,390 shares of the CRM provider’s stock after purchasing an additional 2,228 shares during the period. VCI Wealth Management LLC’s holdings in Salesforce were worth $1,751,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CRM. Brighton Jones LLC raised its holdings in Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after acquiring an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after purchasing an additional 205 shares during the last quarter. Bison Wealth LLC lifted its position in Salesforce by 9.0% during the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after buying an additional 184 shares in the last quarter. Gabelli Funds LLC lifted its position in Salesforce by 4.0% during the first quarter. Gabelli Funds LLC now owns 2,085 shares of the CRM provider’s stock worth $560,000 after buying an additional 80 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in Salesforce by 33.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 3,190 shares of the CRM provider’s stock valued at $856,000 after buying an additional 805 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CRM. Cantor Fitzgerald reiterated an “overweight” rating on shares of Salesforce in a report on Thursday, December 4th. JPMorgan Chase & Co. reduced their target price on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. Northland Capmk lowered shares of Salesforce from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 14th. Arete Research upgraded shares of Salesforce to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Wall Street Zen upgraded Salesforce from a “hold” rating to a “buy” rating in a report on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.68.

Insider Buying and Selling at Salesforce

In other Salesforce news, Director G Mason Morfit purchased 96,000 shares of the business’s stock in a transaction on Friday, December 5th. The shares were bought at an average cost of $260.58 per share, for a total transaction of $25,015,680.00. Following the completion of the purchase, the director directly owned 2,994,509 shares of the company’s stock, valued at approximately $780,309,155.22. This trade represents a 3.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $255.56, for a total transaction of $575,010.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $3,044,121,084.76. The trade was a 0.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 166,284 shares of company stock valued at $39,439,229 in the last three months. 3.00% of the stock is owned by corporate insiders.

Salesforce Stock Performance

NYSE:CRM opened at $265.29 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $248.57 billion, a P/E ratio of 35.42, a PEG ratio of 1.98 and a beta of 1.25. The company has a 50 day moving average price of $248.70 and a 200 day moving average price of $251.77. Salesforce Inc. has a fifty-two week low of $221.96 and a fifty-two week high of $367.09.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.39. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The company had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.27 billion. During the same quarter in the previous year, the company earned $2.41 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Equities research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 18th will be issued a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, December 18th. Salesforce’s dividend payout ratio (DPR) is 22.16%.

Salesforce Company Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.