Graphene Investments SAS Buys 3,800 Shares of Salesforce Inc. $CRM

Graphene Investments SAS boosted its stake in shares of Salesforce Inc. (NYSE:CRM) by 29.9% in the 1st quarter, HoldingsChannel reports. The fund owned 16,500 shares of the CRM provider’s stock after buying an additional 3,800 shares during the quarter. Salesforce accounts for 2.1% of Graphene Investments SAS’s portfolio, making the stock its 21st biggest position. Graphene Investments SAS’s holdings in Salesforce were worth $3,080,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in Salesforce by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 89,843,166 shares of the CRM provider’s stock valued at $23,800,353,000 after purchasing an additional 270,913 shares during the last quarter. State Street Corp grew its holdings in shares of Salesforce by 1.3% in the fourth quarter. State Street Corp now owns 50,080,230 shares of the CRM provider’s stock worth $13,286,909,000 after purchasing an additional 659,573 shares during the last quarter. J. Stern & Co. LLP grew its holdings in shares of Salesforce by 24,056.7% in the fourth quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock worth $12,552,896,000 after purchasing an additional 47,189,352 shares during the last quarter. Capital International Investors increased its stake in shares of Salesforce by 13.3% in the fourth quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider’s stock worth $6,019,199,000 after buying an additional 2,669,891 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Salesforce by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 21,782,556 shares of the CRM provider’s stock worth $5,751,073,000 after buying an additional 791,345 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Salesforce Stock Performance

NYSE:CRM opened at $172.60 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. The firm’s fifty day simple moving average is $170.85 and its 200 day simple moving average is $191.34. The stock has a market cap of $141.36 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 0.90 and a beta of 1.18. Salesforce Inc. has a twelve month low of $146.32 and a twelve month high of $274.00.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping the consensus estimate of $3.13 by $0.75. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The business had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.05 billion. During the same period in the prior year, the business earned $2.58 EPS. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. As a group, research analysts predict that Salesforce Inc. will post 10.29 EPS for the current year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 11th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 11th. Salesforce’s dividend payout ratio is presently 20.37%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CRM shares. Canaccord Genuity Group reissued a “buy” rating and set a $225.00 price target on shares of Salesforce in a research report on Tuesday, June 16th. Citigroup upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. Truist Financial downgraded shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Phillip Securities lowered shares of Salesforce from a “buy” rating to a “hold” rating and dropped their target price for the stock from $253.00 to $166.00 in a report on Monday, June 29th. Finally, Wells Fargo & Company cut their target price on Salesforce from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $254.42.

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.