Salesforce Inc. $CRM Shares Purchased by Venture Visionary Partners LLC

by · The Markets Daily

Venture Visionary Partners LLC grew its holdings in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 7.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,909 shares of the CRM provider’s stock after buying an additional 2,405 shares during the quarter. Venture Visionary Partners LLC’s holdings in Salesforce were worth $7,785,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crumly & Associates Inc. grew its holdings in Salesforce by 1.5% during the third quarter. Crumly & Associates Inc. now owns 3,396 shares of the CRM provider’s stock worth $780,000 after buying an additional 50 shares in the last quarter. HBW Advisory Services LLC raised its position in Salesforce by 0.4% in the 1st quarter. HBW Advisory Services LLC now owns 13,098 shares of the CRM provider’s stock valued at $2,445,000 after buying an additional 57 shares during the last quarter. Prentice Wealth Management LLC lifted its stake in Salesforce by 1.8% during the 1st quarter. Prentice Wealth Management LLC now owns 3,274 shares of the CRM provider’s stock valued at $611,000 after acquiring an additional 58 shares in the last quarter. Focused Wealth Management Inc boosted its holdings in Salesforce by 5.5% during the 1st quarter. Focused Wealth Management Inc now owns 1,126 shares of the CRM provider’s stock worth $210,000 after acquiring an additional 59 shares during the last quarter. Finally, Strata Wealth Advisors LLC boosted its holdings in Salesforce by 4.3% during the 1st quarter. Strata Wealth Advisors LLC now owns 1,442 shares of the CRM provider’s stock worth $269,000 after acquiring an additional 59 shares during the last quarter. 80.43% of the stock is owned by institutional investors.

Salesforce Stock Performance

Salesforce stock traded down $0.45 during trading on Wednesday, hitting $224.54. The stock had a trading volume of 5,186,020 shares, compared to its average volume of 13,773,228. The stock’s 50 day moving average is $224.73 and its two-hundred day moving average is $192.44. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $269.11. The stock has a market cap of $184.80 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 1.05 and a beta of 1.26. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02.

Salesforce (NYSE:CRM – Get Free Report) last released its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.27 by $2.63. The business had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the business posted $2.91 earnings per share. 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, analysts predict that Salesforce Inc. will post 12.82 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, September 17th. Salesforce’s dividend payout ratio (DPR) is currently 16.04%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CRM. TD Cowen reaffirmed a “buy” rating on shares of Salesforce in a report on Thursday, September 17th. DA Davidson set a $225.00 price objective on Salesforce in a research report on Thursday, September 17th. Scotiabank downgraded Salesforce from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, June 18th. BMO Capital Markets raised their target price on Salesforce from $250.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, September 17th. Finally, Wall Street Zen cut Salesforce from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $275.14.

Check Out Our Latest Stock Report on Salesforce

Insider Buying and Selling

In related news, Director Craig Conway sold 4,500 shares of Salesforce stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $260.61, for a total value of $1,172,745.00. Following the completion of the transaction, the director directly owned 5,437 shares in the company, valued at approximately $1,416,936.57. The trade was a 45.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Blair Kirk purchased 4,176 shares of Salesforce stock in a transaction dated Friday, September 18th. The stock was bought at an average price of $239.33 per share, with a total value of $999,442.08. Following the completion of the transaction, the director owned 18,748 shares of the company’s stock, valued at $4,486,958.84. This represents a 28.66% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.50% of the stock is currently owned by insiders.

About Salesforce

(Free Report)

Salesforce, Inc (NYSE: CRM) develops cloud-based customer relationship management (CRM) software and enterprise applications. Its platform helps organizations manage sales, customer service, marketing, commerce, analytics, data integration and collaboration through subscription-based services.

The company’s product portfolio includes Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Salesforce Platform, Data Cloud and Tableau. Salesforce also offers MuleSoft integration technology, Slack collaboration software and artificial intelligence capabilities through its Einstein platform.

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