Monolith Management Ltd Buys Shares of 42,000 Salesforce, Inc. (NYSE:CRM)

25 Apr 2025, 11:02 by Amy Steele · The Cerbat Gem

Monolith Management Ltd purchased a new position in shares of Salesforce, Inc. (NYSE:CRM – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 42,000 shares of the CRM provider’s stock, valued at approximately $14,042,000. Salesforce makes up about 7.3% of Monolith Management Ltd’s investment portfolio, making the stock its 4th largest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of Salesforce during the fourth quarter worth $3,599,867,000. Raymond James Financial Inc. purchased a new position in Salesforce in the 4th quarter worth $1,173,564,000. Invesco Ltd. lifted its position in Salesforce by 42.5% during the 4th quarter. Invesco Ltd. now owns 7,791,015 shares of the CRM provider’s stock worth $2,604,770,000 after acquiring an additional 2,325,156 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Salesforce by 23.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,938,536 shares of the CRM provider’s stock valued at $2,988,422,000 after purchasing an additional 1,683,233 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Salesforce by 52.7% in the fourth quarter. Jennison Associates LLC now owns 4,433,785 shares of the CRM provider’s stock valued at $1,482,347,000 after purchasing an additional 1,530,572 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Stock Up 5.5 %

NYSE CRM opened at $264.29 on Friday. The business’s fifty day simple moving average is $274.96 and its 200-day simple moving average is $308.44. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. The firm has a market cap of $253.98 billion, a PE ratio of 43.47, a P/E/G ratio of 2.58 and a beta of 1.38. Salesforce, Inc. has a 52 week low of $212.00 and a 52 week high of $369.00.

Salesforce Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were paid a dividend of $0.42 per share. The ex-dividend date was Thursday, April 10th. This is an increase from Salesforce’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a yield of 0.64%. Salesforce’s payout ratio is 26.10%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CRM shares. Redburn Atlantic started coverage on Salesforce in a research report on Wednesday, February 19th. They issued a “buy” rating on the stock. TD Cowen raised shares of Salesforce from a “hold” rating to a “buy” rating and upped their price objective for the company from $380.00 to $400.00 in a report on Friday, January 17th. DA Davidson reissued an “underperform” rating and set a $200.00 target price on shares of Salesforce in a report on Monday. Stephens started coverage on shares of Salesforce in a report on Wednesday, March 19th. They issued an “equal weight” rating and a $311.00 price target on the stock. Finally, Wells Fargo & Company reduced their price objective on Salesforce from $310.00 to $255.00 and set an “equal weight” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $351.37.

Get Our Latest Stock Report on CRM

Insider Activity

In other news, insider Miguel Milano sold 458 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $307.97, for a total value of $141,050.26. Following the transaction, the insider now owns 5,864 shares of the company’s stock, valued at $1,805,936.08. This represents a 7.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Sundeep G. Reddy sold 500 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $335.94, for a total value of $167,970.00. Following the transaction, the chief accounting officer now owns 6,557 shares of the company’s stock, valued at approximately $2,202,758.58. This represents a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,051 shares of company stock valued at $15,027,714 in the last 90 days. Company insiders own 3.20% of the company’s stock.

Salesforce Company Profile

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