Robinhood Asset Management LLC Takes $7.37 Million Position in Salesforce Inc. $CRM

Robinhood Asset Management LLC acquired a new stake in Salesforce Inc. (NYSE:CRM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 27,802 shares of the CRM provider’s stock, valued at approximately $7,365,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Marquette Asset Management LLC bought a new position in shares of Salesforce in the third quarter valued at approximately $26,000. Board of the Pension Protection Fund bought a new stake in shares of Salesforce during the 4th quarter worth $26,000. Evolution Wealth Management Inc. acquired a new position in Salesforce in the 2nd quarter valued at $27,000. Texas Capital Bancshares Inc TX bought a new position in Salesforce in the 3rd quarter worth $28,000. Finally, Dorato Capital Management acquired a new position in Salesforce during the 4th quarter worth $39,000. Institutional investors own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CRM shares. TD Cowen lowered their price target on Salesforce from $325.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Needham & Company LLC restated a “buy” rating and set a $400.00 target price on shares of Salesforce in a research note on Thursday, February 26th. BMO Capital Markets dropped their price target on Salesforce from $235.00 to $225.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. BTIG Research reissued a “buy” rating and issued a $255.00 price objective on shares of Salesforce in a research report on Wednesday, April 1st. Finally, Arete Research raised Salesforce to a “strong-buy” rating in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $280.21.

Insider Activity at Salesforce

In related news, Director Laura Alber purchased 2,571 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was acquired at an average price of $194.58 per share, with a total value of $500,265.18. Following the completion of the acquisition, the director directly owned 9,530 shares in the company, valued at approximately $1,854,347.40. This trade represents a 36.94% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Blair Kirk acquired 2,570 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The stock was bought at an average price of $194.62 per share, with a total value of $500,173.40. Following the transaction, the director directly owned 13,689 shares in the company, valued at $2,664,153.18. The trade was a 23.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.00% of the stock is currently owned by company insiders.

Salesforce Stock Down 1.1%

Shares of NYSE CRM opened at $185.12 on Tuesday. The business has a fifty day moving average of $193.66 and a two-hundred day moving average of $228.25. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. Salesforce Inc. has a 52-week low of $174.57 and a 52-week high of $296.05. The stock has a market cap of $170.86 billion, a PE ratio of 23.70, a PEG ratio of 1.36 and a beta of 1.29.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, February 25th. The CRM provider reported $3.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.05 by $0.76. The firm had revenue of $11.20 billion during the quarter, compared to the consensus estimate of $11.18 billion. Salesforce had a net margin of 17.96% and a return on equity of 15.38%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm posted $2.78 EPS. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. As a group, equities research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Thursday, April 9th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Salesforce’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, April 9th. Salesforce’s dividend payout ratio is 21.25%.

Salesforce declared that its board has initiated a stock repurchase plan on Monday, March 16th that permits the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization permits the CRM provider to reacquire up to 14.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

About Salesforce

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.