Salesforce Inc. $CRM Stock Bought by SteelPeak Wealth LLC

SteelPeak Wealth LLC boosted its position in Salesforce Inc. (NYSE:CRM) by 553.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,750 shares of the CRM provider’s stock after purchasing an additional 28,589 shares during the period. SteelPeak Wealth LLC’s holdings in Salesforce were worth $7,763,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. ABS Direct Equity Fund LLC purchased a new stake in Salesforce in the second quarter worth $25,000. Manning & Napier Advisors LLC bought a new stake in shares of Salesforce in the second quarter valued at $26,000. Persistent Asset Partners Ltd purchased a new position in shares of Salesforce during the 2nd quarter valued at $27,000. Costello Asset Management INC lifted its position in shares of Salesforce by 410.3% during the 1st quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock valued at $28,000 after buying an additional 119 shares during the last quarter. Finally, Gables Capital Management Inc. purchased a new position in shares of Salesforce during the 2nd quarter valued at $28,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce launched Hunter, an AI-powered outbound sales agent built on Agentforce. Integrations with ZoomInfo, Demandbase and DocuSign could increase adoption of Salesforce’s higher-value AI workflows and make the platform more embedded in customers’ sales and contracting processes. Salesforce unveils Hunter for AI-powered outbound sales
• Positive Sentiment: Bank of America reportedly upgraded Salesforce in a rare double upgrade, citing improving confidence in the company’s AI strategy, including a small AI acquisition and changes to AI-product pricing. The upgrade supports the view that monetization could improve as customers move to premium offerings. Salesforce received a rare double upgrade
• Positive Sentiment: The Loops AI acquisition and new Agentforce capabilities reinforce Salesforce’s effort to turn AI into a growth driver, although investors will need evidence of meaningful revenue acceleration. Salesforce buys the Loops AI platform
• Neutral Sentiment: Investor interest in CRM has risen sharply, with Salesforce appearing among heavily searched stocks. This may increase visibility but is not, by itself, a fundamental catalyst. Investors heavily search Salesforce
• Negative Sentiment: Enterprise-software shares are falling as worries spread that aggressive AI infrastructure and financing commitments may not generate sufficient returns. Salesforce is being pulled lower alongside other AI-linked software leaders. Enterprise software stocks fall as AI financing worries spread
• Negative Sentiment: Investors are comparing Salesforce’s premium-edition price increases with Adobe’s more user-friendly pricing approach, raising concerns that Salesforce’s AI monetization strategy could pressure customer upgrades or retention. Adobe versus Salesforce for AI software growth

Salesforce Trading Down 2.3%

Shares of CRM stock opened at $241.00 on Friday. The company’s fifty day simple moving average is $231.47 and its two-hundred day simple moving average is $194.82. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $269.11. The stock has a market capitalization of $198.35 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 1.09 and a beta of 1.26.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%. The firm had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.33 billion. During the same quarter in the prior year, the business posted $2.91 earnings per share. The business’s quarterly revenue was up 10.8% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. As a group, analysts anticipate that Salesforce Inc. will post 12.82 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Thursday, September 17th. Salesforce’s payout ratio is presently 16.04%.

Insider Transactions at Salesforce

In related news, Director David Blair Kirk bought 4,176 shares of the business’s stock in a transaction on Friday, September 18th. The stock was acquired at an average price of $239.33 per share, for a total transaction of $999,442.08. Following the purchase, the director directly owned 18,748 shares in the company, valued at $4,486,958.84. This trade represents a 28.66% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig Conway sold 4,500 shares of Salesforce stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $260.61, for a total value of $1,172,745.00. Following the transaction, the director directly owned 5,437 shares of the company’s stock, valued at $1,416,936.57. The trade was a 45.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on CRM shares. TD Cowen started coverage on Salesforce in a research note on Monday, October 12th. They set a “buy” rating for the company. Mizuho boosted their price objective on Salesforce from $265.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Needham & Company LLC restated a “buy” rating on shares of Salesforce in a research note on Thursday, September 17th. Phillip Securities downgraded shares of Salesforce from a “buy” rating to a “hold” rating and dropped their price objective for the company from $253.00 to $166.00 in a report on Monday, June 29th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Salesforce in a report on Friday, September 18th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $278.12.

Salesforce Profile

Salesforce, Inc (NYSE: CRM) is a global enterprise software company that provides cloud-based customer relationship management (CRM) technology. Its platform helps organizations manage sales, customer service, marketing, commerce, data, analytics and interactions with customers across digital and traditional channels.

The company’s products include Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud and Data Cloud. Salesforce also offers Tableau for data visualization and analytics, MuleSoft for application integration, and Slack for workplace collaboration.