Prime Capital Investment Advisors LLC Decreases Position in Salesforce Inc. $CRM

Prime Capital Investment Advisors LLC lowered its position in shares of Salesforce Inc. (NYSE:CRM) by 20.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,592 shares of the CRM provider’s stock after selling 13,869 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Salesforce were worth $12,938,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CRM. Marquette Asset Management LLC acquired a new stake in shares of Salesforce in the 3rd quarter worth $26,000. Evolution Wealth Management Inc. acquired a new stake in Salesforce during the second quarter worth about $27,000. Quaker Wealth Management LLC boosted its holdings in Salesforce by 208.6% in the 2nd quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock valued at $34,000 after purchasing an additional 242 shares during the last quarter. Spurstone Advisory Services LLC acquired a new stake in shares of Salesforce during the 2nd quarter worth approximately $34,000. Finally, Country Trust Bank raised its position in shares of Salesforce by 658.8% during the 2nd quarter. Country Trust Bank now owns 129 shares of the CRM provider’s stock valued at $35,000 after buying an additional 112 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Performance

CRM stock traded down $2.13 on Friday, hitting $187.84. The company’s stock had a trading volume of 1,326,383 shares, compared to its average volume of 10,631,597. Salesforce Inc. has a 1 year low of $187.28 and a 1 year high of $333.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.14. The stock has a market cap of $176.00 billion, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 1.36 and a beta of 1.27. The firm has a 50 day moving average of $244.36 and a two-hundred day moving average of $245.84.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 EPS for the quarter, beating the consensus estimate 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 in the prior year, the business earned $2.41 EPS. The firm’s 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 analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were issued a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, December 18th. Salesforce’s dividend payout ratio is currently 22.16%.

Wall Street Analysts Forecast Growth

CRM has been the subject of several recent analyst reports. BMO Capital Markets cut their target price on Salesforce from $280.00 to $275.00 and set an “outperform” rating for the company in a research note on Thursday, December 4th. Wolfe Research reissued an “outperform” rating on shares of Salesforce in a research note on Thursday, January 15th. Robert W. Baird reduced their price target on shares of Salesforce from $325.00 to $315.00 and set an “outperform” rating on the stock in a research report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Salesforce from $340.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Finally, Mizuho set a $340.00 target price on shares of Salesforce in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.57.

Insiders Place Their Bets

In other Salesforce news, Director G Mason Morfit purchased 96,000 shares of Salesforce stock in a transaction dated Friday, December 5th. The stock was acquired at an average cost of $260.58 per share, with a total value of $25,015,680.00. Following the acquisition, the director directly owned 2,994,509 shares of the company’s stock, valued at $780,309,155.22. This represents a 3.31% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Neelie Kroes sold 3,893 shares of Salesforce stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $238.70, for a total value of $929,259.10. Following the completion of the sale, the director owned 7,299 shares in the company, valued at approximately $1,742,271.30. This trade represents a 34.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.00% of the company’s stock.

About Salesforce

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.