Teamwork Financial Advisors LLC Grows Stock Holdings in Salesforce Inc. $CRM

Teamwork Financial Advisors LLC increased its position in Salesforce Inc. (NYSE:CRM) by 53.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,378 shares of the CRM provider’s stock after buying an additional 2,577 shares during the period. Teamwork Financial Advisors LLC’s holdings in Salesforce were worth $1,749,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Painted Porch Advisors LLC boosted its stake in shares of Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 65 shares during the period. Evolution Wealth Management Inc. purchased a new position in Salesforce in the 2nd quarter worth approximately $27,000. CBIZ Investment Advisory Services LLC boosted its stake in Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 85 shares during the period. Christopher J. Hasenberg Inc boosted its stake in Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after purchasing an additional 92 shares during the period. Finally, Maseco LLP purchased a new stake in Salesforce during the 2nd quarter valued at approximately $34,000. 80.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CRM. Macquarie boosted their target price on shares of Salesforce from $250.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. JMP Securities reiterated a “market outperform” rating and issued a $430.00 price target on shares of Salesforce in a research note on Friday, October 17th. Barclays increased their price objective on shares of Salesforce from $316.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. UBS Group restated a “neutral” rating and set a $260.00 price objective on shares of Salesforce in a research report on Thursday, December 4th. Finally, Evercore ISI decreased their target price on Salesforce from $360.00 to $340.00 and set an “outperform” rating on the stock in a research report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $326.68.

Insiders Place Their Bets

In other news, Director G Mason Morfit bought 96,000 shares of Salesforce stock in a transaction dated Friday, December 5th. The shares were acquired at an average price of $260.58 per share, with a total value of $25,015,680.00. Following the completion of the purchase, the director owned 2,994,509 shares in the company, valued at $780,309,155.22. The trade was a 3.31% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $244.64, for a total transaction of $550,440.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $2,914,046,729.44. This trade represents a 0.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 173,034 shares of company stock valued at $41,097,367 over the last three months. 3.00% of the stock is owned by company insiders.

Salesforce Trading Down 0.2%

CRM opened at $257.71 on Friday. The stock has a 50-day moving average of $246.59 and a 200 day moving average of $251.85. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12 month low of $221.96 and a 12 month high of $367.09. The firm has a market cap of $241.47 billion, a P/E ratio of 34.41, a P/E/G ratio of 1.92 and a beta of 1.25.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.39. The business had revenue of $10.26 billion during the quarter, compared to analyst estimates of $10.27 billion. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company earned $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. As a group, research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th will be paid a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, December 18th. Salesforce’s payout ratio is presently 22.16%.

Salesforce Profile

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.