Continuum Advisory LLC Has $1.33 Million Stock Position in Salesforce Inc. $CRM

by · The Cerbat Gem

Continuum Advisory LLC lowered its holdings in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 72.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 7,140 shares of the CRM provider’s stock after selling 18,703 shares during the period. Continuum Advisory LLC’s holdings in Salesforce were worth $1,333,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CRM. Temasek Holdings Private Ltd raised its stake in Salesforce by 3.7% in the 4th quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock valued at $181,143,000 after acquiring an additional 24,332 shares during the period. SFE Investment Counsel boosted its position in Salesforce by 82.7% during the fourth quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider’s stock worth $4,608,000 after purchasing an additional 7,871 shares during the period. Van ECK Associates Corp boosted its position in Salesforce by 8.9% during the third quarter. Van ECK Associates Corp now owns 1,299,513 shares of the CRM provider’s stock worth $307,984,000 after purchasing an additional 106,107 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Salesforce by 2.4% in the third quarter. Fisher Asset Management LLC now owns 4,328,230 shares of the CRM provider’s stock valued at $1,025,791,000 after purchasing an additional 101,191 shares during the last quarter. Finally, Eminence Capital LP increased its holdings in shares of Salesforce by 5.6% in the third quarter. Eminence Capital LP now owns 830,536 shares of the CRM provider’s stock valued at $196,837,000 after purchasing an additional 43,888 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CRM. Weiss Ratings lowered shares of Salesforce from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. Wall Street Zen raised shares of Salesforce from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Scotiabank lowered shares of Salesforce from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, June 18th. Daiwa Securities Group lowered their price target on shares of Salesforce from $295.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 2nd. Finally, BTIG Research restated a “buy” rating and set a $255.00 price objective on shares of Salesforce in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Salesforce currently has an average rating of “Moderate Buy” and a consensus target price of $255.14.

View Our Latest Report on Salesforce

Salesforce Trading Down 0.2%

CRM opened at $158.12 on Tuesday. The stock has a market capitalization of $129.50 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 0.99 and a beta of 1.16. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. Salesforce Inc. has a twelve month low of $146.32 and a twelve month high of $276.80. The company has a 50-day simple moving average of $175.09 and a 200 day simple moving average of $200.07.

Salesforce (NYSE:CRM – Get Free Report) last released its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, beating the consensus estimate of $3.13 by $0.75. The firm had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $2.58 EPS. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Analysts predict that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Thursday, June 11th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, June 11th. Salesforce’s dividend payout ratio (DPR) is 20.37%.

Salesforce announced that its Board of Directors has authorized a share buyback plan on Monday, March 16th that allows the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization allows the CRM provider to buy up to 14.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Salesforce Profile

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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.

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