17,561 Shares in Salesforce, Inc. (NYSE:CRM) Purchased by TFJ Management LLC

20 Apr 2025, 11:00 by Doug Wharley · The Cerbat Gem

TFJ Management LLC bought a new position in Salesforce, Inc. (NYSE:CRM – Free Report) in the fourth quarter, HoldingsChannel.com reports. The fund bought 17,561 shares of the CRM provider’s stock, valued at approximately $5,871,000. Salesforce comprises about 5.3% of TFJ Management LLC’s portfolio, making the stock its 7th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nvest Financial LLC boosted its stake in Salesforce by 1.1% in the fourth quarter. Nvest Financial LLC now owns 2,806 shares of the CRM provider’s stock valued at $938,000 after acquiring an additional 31 shares during the last quarter. OMC Financial Services LTD lifted its stake in Salesforce by 0.3% in the fourth quarter. OMC Financial Services LTD now owns 11,390 shares of the CRM provider’s stock valued at $3,808,000 after buying an additional 31 shares during the period. Capital Advisors Ltd. LLC grew its position in shares of Salesforce by 4.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 787 shares of the CRM provider’s stock worth $263,000 after buying an additional 31 shares during the period. Sachetta LLC boosted its stake in Salesforce by 0.3% during the 4th quarter. Sachetta LLC now owns 11,018 shares of the CRM provider’s stock worth $3,684,000 after acquiring an additional 32 shares during the last quarter. Finally, Prossimo Advisors LLC grew its holdings in Salesforce by 1.0% during the fourth quarter. Prossimo Advisors LLC now owns 3,366 shares of the CRM provider’s stock valued at $1,125,000 after purchasing an additional 32 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Stock Performance

Shares of NYSE CRM opened at $246.93 on Friday. The stock has a market cap of $237.30 billion, a price-to-earnings ratio of 40.61, a P/E/G ratio of 2.58 and a beta of 1.38. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14. Salesforce, Inc. has a 1-year low of $212.00 and a 1-year high of $369.00. The stock’s 50-day moving average is $281.23 and its 200 day moving average is $309.60.

Salesforce Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.42 per share. This is a boost from Salesforce’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, April 10th. Salesforce’s dividend payout ratio (DPR) is 26.10%.

Insider Activity

In related news, CAO Sundeep G. Reddy sold 1,256 shares of the firm’s stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $253.31, for a total value of $318,157.36. Following the sale, the chief accounting officer now directly owns 12,826 shares of the company’s stock, valued at $3,248,954.06. This trade represents a 8.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider R David Schmaier sold 6,959 shares of Salesforce 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. This trade represents a 16.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,654 shares of company stock valued at $14,124,094. Insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CRM. Redburn Atlantic started coverage on Salesforce in a research note on Wednesday, February 19th. They set a “buy” rating on the stock. Needham & Company LLC reiterated a “buy” rating and set a $400.00 price objective on shares of Salesforce in a report on Thursday, February 27th. Canaccord Genuity Group reduced their price target on Salesforce from $415.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Stephens began coverage on shares of Salesforce in a research report on Wednesday, March 19th. They issued an “equal weight” rating and a $311.00 price objective on the stock. Finally, Robert W. Baird lowered their price target on Salesforce from $430.00 to $400.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty have given a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $360.32.

Check Out Our Latest Analysis on CRM

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