XXI Wealth LLC Buys New Position in Salesforce Inc. $CRM

XXI Wealth LLC bought a new position in shares of Salesforce Inc. (NYSE:CRM) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 2,849 shares of the CRM provider’s stock, valued at approximately $654,000.

A number of other hedge funds also recently added to or reduced their stakes in CRM. ABS Direct Equity Fund LLC acquired a new position in shares of Salesforce in the second quarter worth $25,000. Manning & Napier Advisors LLC purchased a new stake in shares of Salesforce during the second quarter worth $26,000. Persistent Asset Partners Ltd acquired a new stake in shares of Salesforce in the second quarter valued at $27,000. Costello Asset Management INC raised its stake in shares of Salesforce by 410.3% in the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock valued at $28,000 after acquiring an additional 119 shares in the last quarter. Finally, Gables Capital Management Inc. acquired a new stake in shares of Salesforce in the second quarter valued at $28,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. CLSA started coverage on Salesforce in a report on Monday, July 20th. They issued a “hold” rating and a $165.00 target price for the company. Morgan Stanley set a $315.00 price target on Salesforce in a report on Wednesday, September 2nd. Yorkville Ives assumed coverage on Salesforce in a research report on Monday, October 5th. They issued an “outperform” rating and a $290.00 price target on the stock. Raymond James Financial reiterated a “strong-buy” rating on shares of Salesforce in a research note on Thursday, August 27th. Finally, Phillip Securities lowered shares of Salesforce from a “buy” rating to a “hold” rating and cut their target price for the stock from $253.00 to $166.00 in a research note on Monday, June 29th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and an average target price of $278.98.

Salesforce Stock Down 0.6%

NYSE CRM traded down $1.50 during trading on Friday, reaching $248.79. 5,840,500 shares of the company’s stock were exchanged, compared to its average volume of 8,129,057. The company has a 50 day moving average price of $236.30 and a two-hundred day moving average price of $196.88. The stock has a market cap of $204.76 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 1.14 and a beta of 1.26. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $269.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%. The business 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 EPS. The business’s revenue for the quarter 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. On average, equities research analysts anticipate that Salesforce Inc. will post 12.82 EPS for the current fiscal year.

Salesforce Announces Dividend

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

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce’s AI products are reportedly growing at triple-digit rates, while its Agentforce platform and more than $14 billion in annual free cash flow could support profitable expansion. The company’s valuation may look attractive if AI adoption accelerates. Salesforce Is Betting Big on AI. The Payoff Could Be Bigger Than Investors Expect
• Positive Sentiment: Cantor Fitzgerald reaffirmed an “Overweight” rating, indicating continued confidence in Salesforce’s growth outlook and AI transition. Salesforce Stock Rating Reaffirmed as Overweight
• Positive Sentiment: The $5.66 billion Braze purchase could expand Salesforce’s customer-engagement capabilities and strengthen its push from AI defense toward a broader autonomous-agent strategy. Salesforce’s $5.6B Braze Buyout
• Neutral Sentiment: Investor comparisons with Adobe, Arista Networks and Snowflake highlight Salesforce’s CRM leadership, focus on profitable growth and AI-agent pivot, but do not represent new company-specific developments. Salesforce vs. Snowflake
• Negative Sentiment: Investors may be concerned that the Braze acquisition’s $5.66 billion price will increase integration risk and pressure near-term returns. Questions about contracts, pricing and customer impact could temper enthusiasm for the deal. Salesforce to Buy Braze for $5.66B

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.