RV Capital AG Takes $2.60 Million Position in Salesforce Inc. $CRM

RV Capital AG acquired a new position in Salesforce Inc. (NYSE:CRM) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,980 shares of the CRM provider’s stock, valued at approximately $2,602,000. Salesforce accounts for 0.5% of RV Capital AG’s portfolio, making the stock its 11th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. boosted its stake in shares of Salesforce by 4.0% in the second quarter. Avantax Advisory Services Inc. now owns 87,331 shares of the CRM provider’s stock worth $23,814,000 after acquiring an additional 3,387 shares during the last quarter. Grant Private Wealth Management Inc acquired a new stake in Salesforce during the 3rd quarter worth $1,458,000. Advyzon Investment Management LLC grew its holdings in shares of Salesforce by 57.4% during the second quarter. Advyzon Investment Management LLC now owns 1,884 shares of the CRM provider’s stock worth $514,000 after buying an additional 687 shares in the last quarter. Atalanta Sosnoff Capital LLC grew its holdings in shares of Salesforce by 8.5% during the second quarter. Atalanta Sosnoff Capital LLC now owns 206,614 shares of the CRM provider’s stock worth $56,342,000 after buying an additional 16,176 shares in the last quarter. Finally, Country Club Bank raised its position in shares of Salesforce by 337.8% in the third quarter. Country Club Bank now owns 20,632 shares of the CRM provider’s stock valued at $5,057,000 after buying an additional 15,919 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Salesforce

In other news, Director David Blair Kirk bought 1,936 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were bought at an average price of $258.64 per share, with a total value of $500,727.04. Following the completion of the transaction, the director directly owned 10,677 shares in the company, valued at $2,761,499.28. This trade represents a 22.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director G Mason Morfit purchased 96,000 shares of the stock in a transaction dated Friday, December 5th. The shares were purchased at an average price of $260.58 per share, with a total value of $25,015,680.00. Following the completion of the transaction, the director 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 SEC filing for this purchase provides additional information. Insiders have sold a total of 161,784 shares of company stock worth $38,357,182 over the last quarter. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CRM shares. BTIG Research initiated coverage on shares of Salesforce in a research report on Tuesday, December 16th. They set a “buy” rating and a $335.00 price target on the stock. BMO Capital Markets decreased their target price on shares of Salesforce from $280.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, December 4th. Cowen restated a “buy” rating on shares of Salesforce in a report on Thursday, December 4th. Macquarie increased their price target on Salesforce from $250.00 to $265.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Finally, Oppenheimer reduced their price objective on Salesforce from $315.00 to $300.00 and set an “outperform” rating on the stock in a research report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and an average target price of $326.68.

Salesforce Trading Down 4.2%

Shares of Salesforce stock opened at $253.68 on Friday. The stock has a 50 day moving average of $249.78 and a 200 day moving average of $251.60. 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 firm has a market capitalization of $237.70 billion, a price-to-earnings ratio of 33.87, a PEG ratio of 1.89 and a beta of 1.26. Salesforce Inc. has a fifty-two week low of $221.96 and a fifty-two week high of $367.09.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $10.27 billion. During the same period last year, the company earned $2.41 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. As a group, research analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 18th will be given a dividend of $0.416 per share. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is presently 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.