StoneRidge PMG Advisors LLC Buys New Holdings in Salesforce Inc. $CRM

StoneRidge PMG Advisors LLC purchased a new stake in Salesforce Inc. (NYSE:CRM) in the third quarter, Holdings Channel reports. The firm purchased 8,395 shares of the CRM provider’s stock, valued at approximately $1,927,000. Salesforce accounts for approximately 1.3% of StoneRidge PMG Advisors LLC’s portfolio, making the stock its 15th biggest position.

A number of other large investors have also made changes to their positions in the stock. Thor Investment Management Inc. OH ADV boosted its stake in Salesforce by 0.7% during the third quarter. Thor Investment Management Inc. OH ADV now owns 6,422 shares of the CRM provider’s stock worth $1,474,000 after buying an additional 45 shares during the last quarter. Bradley & Co. Private Wealth Management LLC grew its holdings in Salesforce by 9.6% in the 3rd quarter. Bradley & Co. Private Wealth Management LLC now owns 558 shares of the CRM provider’s stock valued at $128,000 after buying an additional 49 shares in the last quarter. Crumly & Associates Inc. grew its holdings in Salesforce by 1.5% in the 3rd quarter. Crumly & Associates Inc. now owns 3,396 shares of the CRM provider’s stock valued at $780,000 after buying an additional 50 shares in the last quarter. Meridian Financial Partners LLC increased its stake in shares of Salesforce by 1.1% in the 3rd quarter. Meridian Financial Partners LLC now owns 4,700 shares of the CRM provider’s stock worth $1,160,000 after acquiring an additional 50 shares during the last quarter. Finally, Peterson Wealth Services increased its stake in shares of Salesforce by 3.6% in the 3rd quarter. Peterson Wealth Services now owns 1,549 shares of the CRM provider’s stock worth $356,000 after acquiring an additional 54 shares during the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BMO Capital Markets lifted their price target on Salesforce from $250.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, September 17th. Stephens reissued an “equal weight” rating and issued a $289.00 price objective on shares of Salesforce in a report on Friday, September 18th. Stifel Nicolaus raised their price objective on shares of Salesforce from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, September 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $250.00 target price on shares of Salesforce in a research note on Thursday, September 17th. Finally, Bank of America upgraded shares of Salesforce from an “underperform” rating to a “buy” rating and boosted their target price for the company from $160.00 to $285.00 in a report on Monday, October 12th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Salesforce has a consensus rating of “Moderate Buy” and an average price target of $278.98.

Insider Activity

In other Salesforce news, Director David Blair Kirk purchased 4,176 shares of the business’s stock in a transaction on Friday, September 18th. The shares were bought at an average cost of $239.33 per share, for a total transaction of $999,442.08. Following the completion of the purchase, the director directly owned 18,748 shares of the company’s stock, valued at approximately $4,486,958.84. This trade represents a 28.66% 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, Director Craig Conway sold 4,500 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the sale, the director directly owned 5,437 shares in the company, valued at $1,416,936.57. This represents a 45.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 3.50% of the company’s stock.

Salesforce Stock Performance

NYSE:CRM opened at $213.96 on Monday. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84. The company has a 50 day moving average price of $239.53 and a 200 day moving average price of $198.64. The stock has a market capitalization of $176.09 billion, a P/E ratio of 19.50, a PEG ratio of 0.97 and a beta of 1.24.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%. The company had revenue of $11.35 billion for the quarter, compared to analyst estimates of $11.33 billion. During the same quarter in the previous year, the company earned $2.91 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Equities research analysts forecast that Salesforce Inc. will post 12.82 EPS for the current year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, September 17th. Salesforce’s payout ratio is currently 16.04%.

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce’s planned acquisition of AI voice-agent company Cresta could strengthen Agentforce and Service Cloud, adding capabilities for customer-service automation. The deal also brings acquisition costs and execution risks. Article: Salesforce Bets on AI Voice Agents With Planned Cresta Acquisition
• Positive Sentiment: Zacks Research upgraded Salesforce from “hold” to “strong buy,” a favorable analyst signal that may help counter near-term concerns. Article: Zacks Research rating
• Neutral Sentiment: Salesforce is expanding its Coworker offering and promoting a 21-times growth claim, but the report notes that no baseline is provided, making the figure difficult to assess. Article: Salesforce Expands Coworker’s Reach, but Its 21× Growth Claim Has No Baseline
• Neutral Sentiment: The company is extending Agent Fabric to help businesses manage AI agents across platforms. Its large customer base and reported 1.2 billion daily requests suggest potential, but investors still need evidence that the AI activity will translate into meaningful revenue. Article: Salesforce Stock: The 1 Number Investors Still Need to See
• Negative Sentiment: A broader software sell-off is weighing on CRM, while S&P Global Ratings cut Salesforce’s credit rating to A from A+. S&P cited acquisition spending and a $25 billion debt-financed buyback, which lifted pro forma net debt relative to EBITDA above its previous downgrade threshold. The rating action raises concerns about leverage and aggressive capital allocation. Article: S&P cuts Salesforce to A on rising acquisition debt and buybacks

About Salesforce

Salesforce, Inc is a cloud-based software company best known for customer relationship management (CRM) tools. Its platform helps businesses manage sales, customer service, marketing, commerce and customer data, and includes products such as Sales Cloud, Service Cloud, Data Cloud and Agentforce.

The company also offers Slack for workplace collaboration, Tableau for data analytics and visualization, and MuleSoft for connecting applications and data. Salesforce’s products are used by organizations across a range of industries and are available to customers around the world.

Founded in 1999 by Marc Benioff and other co-founders, Salesforce is headquartered in San Francisco.