Salesforce Inc. $CRM Shares Purchased by Three Seasons Wealth LLC

Three Seasons Wealth LLC lifted its stake in Salesforce Inc. (NYSE:CRM) by 625.8% in the first quarter, HoldingsChannel reports. The fund owned 7,802 shares of the CRM provider’s stock after purchasing an additional 6,727 shares during the quarter. Three Seasons Wealth LLC’s holdings in Salesforce were worth $1,456,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Commonwealth Retirement Investments LLC acquired a new stake in Salesforce in the fourth quarter worth approximately $25,000. Board of the Pension Protection Fund bought a new position in Salesforce during the 4th quarter valued at $26,000. Key Capital Management INC acquired a new position in shares of Salesforce during the 4th quarter valued at $26,000. Gilpin Wealth Management LLC acquired a new position in shares of Salesforce during the 4th quarter valued at $26,000. Finally, Legacy Bridge LLC bought a new stake in shares of Salesforce in the 4th quarter worth $27,000. 80.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CRM. Monness Crespi & Hardt upgraded Salesforce from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Thursday, June 18th. Susquehanna began coverage on Salesforce in a report on Wednesday, July 1st. They set a “neutral” rating on the stock. Wall Street Zen upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. The Goldman Sachs Group started coverage on shares of Salesforce in a report on Thursday, June 18th. They issued a “neutral” rating for the company. Finally, Wells Fargo & Company reduced their price objective on shares of Salesforce from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $254.42.

Salesforce Stock Performance

CRM opened at $167.32 on Thursday. 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 has a market cap of $137.03 billion, a PE ratio of 19.37, a P/E/G ratio of 0.90 and a beta of 1.18. The business has a fifty day simple moving average of $171.12 and a 200-day simple moving average of $191.99. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $274.00.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same period in the previous year, the firm earned $2.58 earnings per share. Salesforce’s revenue for the quarter was up 13.3% compared to the same quarter last year. 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, equities analysts predict that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, June 11th. Salesforce’s payout ratio is presently 20.37%.

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.