Connable Office Inc. Purchases 8,243 Shares of Salesforce Inc. $CRM

Connable Office Inc. increased its position in shares of Salesforce Inc. (NYSE:CRM) by 88.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,612 shares of the CRM provider’s stock after acquiring an additional 8,243 shares during the quarter. Connable Office Inc.’s holdings in Salesforce were worth $4,666,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Aspire Growth Partners LLC raised its stake in shares of Salesforce by 1.2% during the 3rd quarter. Aspire Growth Partners LLC now owns 3,355 shares of the CRM provider’s stock worth $795,000 after acquiring an additional 39 shares in the last quarter. Byrne Asset Management LLC increased its position in Salesforce by 1.0% during the 4th quarter. Byrne Asset Management LLC now owns 4,331 shares of the CRM provider’s stock valued at $1,147,000 after buying an additional 43 shares in the last quarter. Mathes Company Inc. increased its position in Salesforce by 0.4% during the 3rd quarter. Mathes Company Inc. now owns 12,558 shares of the CRM provider’s stock valued at $2,976,000 after buying an additional 45 shares in the last quarter. Fred Alger Management LLC increased its position in Salesforce by 0.3% during the 3rd quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock valued at $3,548,000 after buying an additional 45 shares in the last quarter. Finally, Beacon Capital Management LLC increased its position in Salesforce by 3.5% during the 3rd quarter. Beacon Capital Management LLC now owns 1,372 shares of the CRM provider’s stock valued at $325,000 after buying an additional 46 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Stock Down 2.5%

CRM stock opened at $181.67 on Friday. The firm has a market cap of $148.65 billion, a PE ratio of 23.26, a P/E/G ratio of 1.29 and a beta of 1.14. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. The firm’s fifty day moving average is $186.78 and its 200 day moving average is $218.91. Salesforce Inc. has a one year low of $163.52 and a one year high of $296.05.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, February 25th. The CRM provider reported $3.81 EPS for the quarter, beating the consensus estimate of $3.05 by $0.76. The company had revenue of $11.20 billion for the quarter, compared to analyst estimates of $11.18 billion. Salesforce had a net margin of 17.96% and a return on equity of 15.38%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business earned $2.78 earnings per share. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. On average, research analysts forecast that Salesforce Inc. will post 9.71 EPS for the current year.

Salesforce Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Thursday, April 9th were issued a $0.44 dividend. The ex-dividend date of this dividend was Thursday, April 9th. This is an increase from Salesforce’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a yield of 1.0%. Salesforce’s dividend payout ratio is 22.54%.

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Roth Mkm reduced their target price on Salesforce from $395.00 to $325.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Wolfe Research reaffirmed an “outperform” rating on shares of Salesforce in a research report on Thursday, January 15th. BTIG Research reaffirmed a “buy” rating and set a $255.00 target price on shares of Salesforce in a research report on Friday, April 17th. Stifel Nicolaus cut their price target on shares of Salesforce from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, UBS Group cut their price target on shares of Salesforce from $260.00 to $200.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $279.18.

Insider Activity at Salesforce

In other Salesforce news, Director Laura Alber acquired 2,571 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were bought at an average cost of $194.58 per share, with a total value of $500,265.18. Following the completion of the acquisition, the director owned 9,530 shares in the company, valued at approximately $1,854,347.40. This trade represents a 36.94% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David Blair Kirk acquired 2,570 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were bought at an average cost of $194.62 per share, for a total transaction of $500,173.40. Following the completion of the acquisition, the director owned 13,689 shares of the company’s stock, valued at approximately $2,664,153.18. This represents 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.

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce launched Agentforce Operations, a new tool designed to automate complex enterprise workflows, and rising adoption of its Agentforce AI platform is helping reinforce the company’s AI growth story. Salesforce AI Shift Agentforce Operations Links Product Adoption To Valuation
• Positive Sentiment: Salesforce is also bringing Agentforce Sales to ChatGPT, which could expand the reach of its AI-driven CRM tools and support adoption with enterprise customers.
• Positive Sentiment: A new revenue reporting structure beginning in FY27 is intended to align disclosures more closely with Salesforce’s AI-led strategy, potentially making it easier for investors to track how AI products are contributing to growth. Salesforce Inc’s (CRM) New Reporting Structure To Give Better Insights Into AI Driven Growth
• Positive Sentiment: Third-party coverage continues to frame CRM as an AI and big-data beneficiary, with analysts highlighting Salesforce as a play on surging analytics demand and enterprise AI adoption. Top Big Data Stocks Powering the AI Boom as Analytics Demand Surges
• Neutral Sentiment: Several articles compare Salesforce with HubSpot and discuss its competitive position in CRM, but these pieces are more strategic than immediately market-moving.
• Negative Sentiment: Recent coverage also raises a leadership succession question around Marc Benioff, which could create some overhang if investors become more focused on long-term governance and continuity risk. Beyond Benioff: Is Salesforce Ready for Life Without Its Founder?
• Negative Sentiment: Salesforce has also been reported as falling in recent trading, suggesting investors may still be cautious despite the company’s AI initiatives.

Salesforce Profile

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.