Salesforce Inc. $CRM Stock Holdings Trimmed by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. lessened its position in shares of Salesforce Inc. (NYSE:CRM) by 23.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 66,010 shares of the CRM provider’s stock after selling 19,958 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Salesforce were worth $15,644,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Salesforce by 1.0% in the second quarter. Vanguard Group Inc. now owns 88,823,481 shares of the CRM provider’s stock worth $24,221,275,000 after acquiring an additional 909,853 shares during the last quarter. State Street Corp lifted its position in Salesforce by 1.6% in the 2nd quarter. State Street Corp now owns 49,260,918 shares of the CRM provider’s stock valued at $13,452,998,000 after purchasing an additional 776,300 shares during the last quarter. Geode Capital Management LLC boosted its position in Salesforce by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 20,873,900 shares of the CRM provider’s stock worth $5,669,224,000 after acquiring an additional 114,504 shares during the period. Norges Bank bought a new position in Salesforce in the 2nd quarter valued at about $2,826,049,000. Finally, Amundi increased its stake in shares of Salesforce by 26.2% during the second quarter. Amundi now owns 7,755,317 shares of the CRM provider’s stock valued at $2,087,545,000 after acquiring an additional 1,612,413 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CRM shares. Bank of America lowered their price objective on shares of Salesforce from $325.00 to $305.00 and set a “buy” rating on the stock in a research note on Monday, November 17th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Salesforce in a research report on Thursday, December 4th. Weiss Ratings restated a “hold (c)” rating on shares of Salesforce in a report on Monday, December 29th. DA Davidson upped their price target on shares of Salesforce from $225.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Salesforce in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $324.51.

Insider Transactions at Salesforce

In other news, Director David Blair Kirk bought 1,936 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average cost of $258.64 per share, with a total value of $500,727.04. Following the completion of the transaction, the director directly owned 10,677 shares in the company, valued at $2,761,499.28. This represents a 22.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Parker Harris sold 134,662 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $234.70, for a total value of $31,605,171.40. Following the transaction, the insider owned 139,767 shares in the company, valued at $32,803,314.90. This represents a 49.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 138,677 shares of company stock worth $32,566,029. 3.00% of the stock is currently owned by insiders.

Salesforce News Roundup

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Won a long‑term U.S. Army technology contract (reported as a multi‑billion, multi‑year IDIQ) that validates Salesforce’s push into defense and provides a durable revenue stream and reference client for its AI/mission‑critical work. Article Title
• Positive Sentiment: Announced expansion into defense and wildfire AI with long‑horizon deals, signaling a strategic pivot beyond core CRM that could support higher‑margin, recurring services and government backlog. Article Title
• Positive Sentiment: Multiple outlets note the company “gained on several fronts” recently — reinforcing that product wins and defense deals are material positives that can underpin revenue diversification. Article Title
• Neutral Sentiment: Jim Cramer has Salesforce on his radar (coverage and commentary), which can drive short‑term attention and volatility but doesn’t change fundamentals by itself. Article Title
• Neutral Sentiment: Analysts and commentators are flagging what investors “urgently need to see” next from Salesforce — essentially proof of sustained revenue acceleration and margin stability as AI initiatives scale. Article Title
• Negative Sentiment: Coverage highlights concerns that Salesforce faces structurally slowing revenue growth and intensifying competition, which could pressure forward estimates and multiples if execution stalls. Article Title
• Negative Sentiment: Price‑target and forecast pieces point to significant recent downside and caution among modelers — technicals and negative sentiment may amplify selling even after the government deal. Article Title
• Negative Sentiment: Some technical/market‑watch pieces argue the stock chart points to downside despite the Army deal, helping explain today’s weaker trading. Article Title
• Negative Sentiment: Market summaries note the stock is trading down amid the above mix of news and elevated volume, reflecting investor caution while analysts reassess growth assumptions. Article Title

Salesforce Trading Down 6.2%

Salesforce stock opened at $213.93 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98. The company’s fifty day moving average price is $247.07 and its two-hundred day moving average price is $247.85. The company has a market capitalization of $200.45 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 1.70 and a beta of 1.26. Salesforce Inc. has a one year low of $208.78 and a one year high of $349.50.

Salesforce (NYSE:CRM) last issued its quarterly earnings results 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. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The company had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $10.27 billion. During the same period last year, the business posted $2.41 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were paid a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, December 18th. Salesforce’s dividend payout ratio is presently 22.16%.

Salesforce Company Profile

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.