VisionPoint Advisory Group LLC Makes New Investment in Salesforce, Inc. (NYSE:CRM)

22 Feb 2025, 12:16 by Scott Moore · The Cerbat Gem

VisionPoint Advisory Group LLC purchased a new stake in Salesforce, Inc. (NYSE:CRM – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 264 shares of the CRM provider’s stock, valued at approximately $87,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CRM. Infrastructure Capital Advisors LLC purchased a new position in Salesforce during the 3rd quarter valued at about $27,000. Arlington Trust Co LLC grew its position in shares of Salesforce by 85.1% in 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 during the last quarter. Compass Financial Services Inc acquired a new stake in shares of Salesforce in the fourth quarter valued at approximately $30,000. Asset Planning Inc purchased a new position in shares of Salesforce during the 4th quarter worth approximately $31,000. Finally, Collier Financial acquired a new position in shares of Salesforce during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Price Performance

Shares of NYSE CRM opened at $309.54 on Friday. The business has a 50-day moving average of $333.34 and a 200-day moving average of $305.25. Salesforce, Inc. has a 1-year low of $212.00 and a 1-year high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $296.23 billion, a price-to-earnings ratio of 50.91, a PEG ratio of 2.63 and a beta of 1.31.

Salesforce (NYSE:CRM – Get Free Report) last posted its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.03). The business had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.35 billion. Salesforce had a return on equity of 12.34% and a net margin of 15.96%. Salesforce’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.62 earnings per share. On average, equities analysts anticipate that Salesforce, Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 18th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Wednesday, December 18th. Salesforce’s dividend payout ratio is currently 26.32%.

Insider Buying and Selling at Salesforce

In related news, CAO Sundeep G. Reddy sold 436 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total transaction of $144,874.08. Following the sale, the chief accounting officer now directly owns 7,057 shares of the company’s stock, valued at approximately $2,344,899.96. This represents a 5.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Miguel Milano sold 719 shares of Salesforce stock in a transaction on Monday, November 25th. The stock was sold at an average price of $342.81, for a total transaction of $246,480.39. Following the completion of the transaction, the insider now directly owns 4,659 shares of the company’s stock, valued at approximately $1,597,151.79. This represents a 13.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,102,833 shares of company stock worth $381,389,136 over the last quarter. 3.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Guggenheim cut Salesforce from a “neutral” rating to a “sell” rating and set a $247.00 target price on the stock. in a report on Monday, January 6th. JPMorgan Chase & Co. increased their price objective on Salesforce from $340.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Macquarie reissued a “neutral” rating and issued a $370.00 target price on shares of Salesforce in a research note on Wednesday, December 18th. Loop Capital reduced their target price on shares of Salesforce from $360.00 to $330.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Redburn Atlantic assumed coverage on shares of Salesforce in a report on Wednesday. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-two have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.53.

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