Salesforce Inc. $CRM Stock Sold by Greenleaf Trust

Greenleaf Trust reduced its stake in shares of Salesforce Inc. (NYSE:CRM) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,660 shares of the CRM provider’s stock after selling 5,018 shares during the period. Greenleaf Trust’s holdings in Salesforce were worth $22,420,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Salesforce during the second quarter worth $11,396,844,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Salesforce by 130.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock worth $2,363,096,000 after purchasing an additional 7,160,302 shares during the period. Bank of America Corp DE acquired a new stake in shares of Salesforce in the second quarter worth $1,914,086,000. Legal & General Group Plc purchased a new position in Salesforce in the second quarter valued at about $927,332,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Salesforce during the second quarter worth $844,928,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce signed a definitive agreement to acquire Rune Technologies, a defense-technology company. The deal supports Salesforce’s push into military and government applications, potentially expanding its addressable market and adding a specialized technology platform. Financial terms were not disclosed. Salesforce Signs Definitive Agreement to Acquire Rune Technologies
• Positive Sentiment: TPM Holdings completed an 18-month realignment centered on Salesforce CRM and artificial intelligence for the architecture, engineering and construction industries. Its combination of TrebleHook and The Hunley Group could expand Salesforce-based implementations and demonstrate growing demand for industry-specific AI tools. TPM Holdings Accelerates Investment in AI and Salesforce CRM
• Positive Sentiment: Several analyst and investment articles describe Salesforce as a potential AI rebound candidate, citing autonomous AI agents, improving monetization, strong free cash flow and its leadership in customer relationship management. These views may support longer-term sentiment, although they are not new company guidance. AI Comeback Story Article
• Neutral Sentiment: Salesforce’s earnings report is approaching, making upcoming revenue growth, AI adoption, margins and forward guidance the main near-term catalysts. The company’s latest reported quarter included revenue of $11.35 billion and adjusted earnings that exceeded consensus estimates. Salesforce Earnings Preview
• Negative Sentiment: Salesforce declined in sympathy with ServiceNow, Fortinet and other software stocks after investors focused on slower contracted-revenue growth despite earnings beats and higher AI targets. The reaction has renewed concerns about enterprise-software demand, AI monetization timelines and elevated sector valuations. ServiceNow Results Dent Software Stocks

Salesforce Stock Performance

Shares of CRM opened at $228.56 on Monday. Salesforce Inc. has a 12 month low of $146.32 and a 12 month high of $269.11. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02. The firm has a fifty day simple moving average of $238.94 and a 200 day simple moving average of $198.88. The stock has a market capitalization of $188.10 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.04 and a beta of 1.24.

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

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were paid a $0.44 dividend. The ex-dividend date was Thursday, September 17th. This represents a $1.76 annualized dividend and a dividend yield of 0.8%. Salesforce’s dividend payout ratio (DPR) is presently 16.04%.

Analyst Ratings Changes

CRM has been the subject of a number of recent analyst reports. Yorkville Ives initiated coverage on Salesforce in a research note on Monday, October 5th. They set an “outperform” rating and a $290.00 price objective for the company. BTIG Research reissued a “buy” rating and set a $300.00 target price on shares of Salesforce in a research note on Wednesday, September 2nd. Mizuho lifted their price target on Salesforce from $265.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. Citigroup reiterated a “market outperform” rating on shares of Salesforce in a report on Tuesday, October 20th. Finally, DA Davidson increased their price objective on Salesforce from $225.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, October 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $278.98.

Insider Activity

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

About Salesforce

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.