Orange Investment Advisors Inc. lowered its stake in Salesforce Inc. (NYSE:CRM – Free Report) by 10.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 24,720 shares of the CRM provider’s stock after selling 2,829 shares during the quarter. Orange Investment Advisors Inc.’s holdings in Salesforce were worth $5,675,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Salesforce in the second quarter worth approximately $11,396,844,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Salesforce by 130.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock worth $2,363,096,000 after buying an additional 7,160,302 shares during the period. Bank of America Corp DE increased its stake in shares of Salesforce by 28.0% in the first quarter. Bank of America Corp DE now owns 11,724,790 shares of the CRM provider’s stock worth $2,188,666,000 after buying an additional 2,561,923 shares during the period. Legal & General Group Plc bought a new stake in Salesforce during the 2nd quarter valued at $927,332,000. Finally, Bank of New York Mellon Corp bought a new stake in Salesforce during the 2nd quarter valued at $844,928,000. Institutional investors own 80.43% of the company’s stock.
More Salesforce News
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 Stock Performance
Shares of CRM stock opened at $248.79 on Monday. The stock has a fifty day moving average of $236.30 and a 200 day moving average of $196.97. Salesforce Inc. has a 52 week low of $146.32 and a 52 week high of $269.11. The firm has a market capitalization of $204.76 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 1.13 and a beta of 1.26. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02.
Salesforce (NYSE:CRM – Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, beating the consensus estimate of $3.27 by $2.63. The business had revenue of $11.35 billion for the quarter, compared to analysts’ expectations of $11.33 billion. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business 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. As a group, research analysts expect that Salesforce Inc. will post 12.82 earnings per share for the current year.
Salesforce Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were given a dividend of $0.44 per share. 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 (DPR) is 16.04%.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Stephens reissued an “equal weight” rating and issued a $289.00 price target on shares of Salesforce in a report on Friday, September 18th. Erste Group Bank raised shares of Salesforce from a “hold” rating to a “buy” rating in a research note on Wednesday, August 5th. Wells Fargo & Company downgraded shares of Salesforce from a “buy” rating to a “strong sell” rating in a research note on Monday, October 12th. Monness Crespi & Hardt increased their target price on shares of Salesforce from $222.00 to $266.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Finally, Morgan Stanley set a $315.00 target price on Salesforce in a research note on Wednesday, September 2nd. Three 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 company’s stock. According to MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and an average price target of $278.98.
Read Our Latest Report on Salesforce
Insider Transactions at Salesforce
In other news, Director David Blair Kirk purchased 4,176 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The shares were bought 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 approximately $4,486,958.84. This trade represents a 28.66% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Craig Conway sold 4,500 shares of the company’s stock in a transaction that occurred on 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 owned 5,437 shares in the company, valued at approximately $1,416,936.57. This represents a 45.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.50% of the company’s stock.
Salesforce Company 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.
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