Capitolis Liquid Global Markets LLC Sells 30,110 Shares of Salesforce Inc. $CRM

Capitolis Liquid Global Markets LLC lessened its holdings in shares of Salesforce Inc. (NYSE:CRMFree Report) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 896,298 shares of the CRM provider’s stock after selling 30,110 shares during the period. Salesforce accounts for approximately 1.7% of Capitolis Liquid Global Markets LLC’s holdings, making the stock its 14th biggest position. Capitolis Liquid Global Markets LLC owned 0.09% of Salesforce worth $212,423,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRM. Marquette Asset Management LLC purchased a new position in Salesforce during the 3rd quarter valued at about $26,000. Evolution Wealth Management Inc. purchased a new stake in Salesforce in the second quarter worth about $27,000. Texas Capital Bancshares Inc TX purchased a new stake in Salesforce in the third quarter worth about $28,000. Country Trust Bank increased its stake in shares of Salesforce by 658.8% during the second quarter. Country Trust Bank now owns 129 shares of the CRM provider’s stock valued at $35,000 after purchasing an additional 112 shares in the last quarter. Finally, Capital A Wealth Management LLC lifted its holdings in shares of Salesforce by 40.9% during the second quarter. Capital A Wealth Management LLC now owns 155 shares of the CRM provider’s stock valued at $41,000 after purchasing an additional 45 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on Salesforce from $365.00 to $320.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Salesforce in a research report on Thursday, February 26th. Wolfe Research reiterated an “outperform” rating on shares of Salesforce in a research note on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Salesforce in a report on Monday, December 29th. Finally, KeyCorp cut their target price on Salesforce from $400.00 to $300.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $282.06.

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Insider Buying and Selling at Salesforce

In other Salesforce news, Director David Blair Kirk acquired 1,936 shares of Salesforce stock in a transaction that occurred on Wednesday, December 17th. The stock was bought at an average cost of $258.64 per share, for a total transaction of $500,727.04. Following the acquisition, the director owned 10,677 shares of the company’s stock, valued at $2,761,499.28. This represents a 22.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Neelie Kroes sold 3,893 shares of the business’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $238.70, for a total value of $929,259.10. Following the completion of the transaction, the director directly owned 7,299 shares of the company’s stock, valued at approximately $1,742,271.30. This trade represents a 34.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.00% of the company’s stock.

Salesforce Price Performance

Shares of NYSE CRM opened at $192.63 on Friday. Salesforce Inc. has a twelve month low of $174.57 and a twelve month high of $296.05. The firm has a market cap of $177.80 billion, a P/E ratio of 24.66, a PEG ratio of 1.40 and a beta of 1.29. The company has a 50 day moving average of $210.48 and a 200 day moving average of $235.09. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18.

Salesforce (NYSE:CRMGet Free Report) last released its quarterly earnings data 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 business had revenue of $11.20 billion for the quarter, compared to analysts’ expectations of $11.18 billion. Salesforce had a return on equity of 15.38% and a net margin of 17.96%.The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior 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, research analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Thursday, April 9th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, April 9th. This is an increase from Salesforce’s previous quarterly dividend of $0.42. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.9%. Salesforce’s dividend payout ratio is currently 22.54%.

Salesforce Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Salesforce (NYSE:CRM)

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