Cassia Capital Partners LLC Purchases 5,340 Shares of Salesforce Inc. $CRM

Cassia Capital Partners LLC purchased a new stake in shares of Salesforce Inc. (NYSE:CRM) in the 3rd quarter, Holdings Channel reports. The fund purchased 5,340 shares of the CRM provider’s stock, valued at approximately $1,226,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fluent Financial LLC acquired a new stake in Salesforce during the 2nd quarter worth approximately $2,265,000. TAM Capital Management Inc. bought a new stake in Salesforce in the 1st quarter valued at $40,945,000. Janus Henderson Group PLC boosted its stake in Salesforce by 2.5% in the 1st quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock valued at $23,846,000 after purchasing an additional 3,125 shares during the period. Anchor Investment Management LLC grew its holdings in Salesforce by 184.5% in the 2nd quarter. Anchor Investment Management LLC now owns 17,983 shares of the CRM provider’s stock valued at $2,817,000 after buying an additional 11,663 shares in the last quarter. Finally, Next Capital Management LLC acquired a new position in Salesforce in the 1st quarter valued at $2,119,000. 80.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Craig Conway sold 4,500 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the completion of the sale, the director owned 5,437 shares of the company’s stock, valued at $1,416,936.57. This represents a 45.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David Blair Kirk acquired 4,176 shares of Salesforce stock in a transaction on Friday, September 18th. The shares were purchased at an average price 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 represents a 28.66% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.50% of the stock is currently owned by company insiders.

Salesforce Price Performance

Salesforce stock opened at $213.58 on Wednesday. The stock’s fifty day moving average price is $237.80 and its two-hundred day moving average price is $198.53. Salesforce Inc. has a one year low of $146.32 and a one year high of $269.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $175.78 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 0.98 and a beta of 1.24.

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

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were given a $0.44 dividend. The ex-dividend date was Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.8%. Salesforce’s dividend payout ratio (DPR) is presently 16.04%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Needham & Company LLC reiterated a “buy” rating on shares of Salesforce in a research report on Thursday, September 17th. Zacks Research raised shares of Salesforce from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 3rd. DA Davidson boosted their target price on shares of Salesforce from $225.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, October 21st. Wall Street Zen downgraded shares of Salesforce from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Wells Fargo & Company lowered shares of Salesforce from a “buy” rating to a “strong sell” rating in a research report on Monday, October 12th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and an average price target of $278.98.

Salesforce Company Profile

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.