Salesforce, Inc. (NYSE:CRM) Stake Increased by Family Management Corp

08 May 2025, 10:00 by Teresa Graham · The Cerbat Gem

Family Management Corp lifted its stake in shares of Salesforce, Inc. (NYSE:CRM – Free Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,600 shares of the CRM provider’s stock after purchasing an additional 918 shares during the period. Salesforce comprises about 1.2% of Family Management Corp’s investment portfolio, making the stock its 21st biggest holding. Family Management Corp’s holdings in Salesforce were worth $7,222,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CRM. Bernard Wealth Management Corp. acquired a new position in Salesforce during the 4th quarter valued at approximately $25,000. Accredited Wealth Management LLC acquired a new position in shares of Salesforce during the fourth quarter valued at $27,000. Arlington Trust Co LLC raised its stake in shares of Salesforce by 85.1% during the fourth quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock valued at $29,000 after purchasing an additional 40 shares in the last quarter. Compass Financial Services Inc bought a new position in shares of Salesforce in the fourth quarter valued at approximately $30,000. Finally, Asset Planning Inc bought a new position in Salesforce during the 4th quarter valued at $31,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Price Performance

Salesforce stock opened at $278.22 on Thursday. The business’s fifty day moving average is $267.83 and its two-hundred day moving average is $307.23. The firm has a market cap of $267.48 billion, a P/E ratio of 45.76, a P/E/G ratio of 2.58 and a beta of 1.42. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. Salesforce, Inc. has a 52 week low of $212.00 and a 52 week high of $369.00.

Salesforce Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 0.60%. The ex-dividend date was Thursday, April 10th. This is a boost from Salesforce’s previous quarterly dividend of $0.40. Salesforce’s payout ratio is 26.10%.

Insider Transactions at Salesforce

In other Salesforce news, insider R David Schmaier sold 6,959 shares of the company’s stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $253.31, for a total transaction of $1,762,784.29. Following the completion of the sale, the insider now owns 36,090 shares in the company, valued at approximately $9,141,957.90. The trade was a 16.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Sundeep G. Reddy sold 500 shares of Salesforce stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $275.00, for a total value of $137,500.00. Following the sale, the chief accounting officer now directly owns 11,711 shares of the company’s stock, valued at approximately $3,220,525. This trade represents a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,830 shares of company stock worth $12,907,361 over the last 90 days. 3.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CRM. Oppenheimer cut their price objective on Salesforce from $415.00 to $380.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Guggenheim upgraded Salesforce from a “sell” rating to a “neutral” rating in a research report on Monday, April 21st. Piper Sandler cut their price target on shares of Salesforce from $400.00 to $315.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Bank of America lowered their price objective on shares of Salesforce from $440.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, Jefferies Financial Group lowered their price target on shares of Salesforce from $425.00 to $375.00 and set a “buy” rating on the stock in a report on Monday, March 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have assigned a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus price target of $350.56.

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