Quantinno Capital Management LP Has $63.47 Million Stock Position in Salesforce Inc. $CRM

by · The Cerbat Gem

Quantinno Capital Management LP lifted its holdings in Salesforce Inc. (NYSE:CRM – Free Report) by 24.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 232,766 shares of the CRM provider’s stock after purchasing an additional 45,433 shares during the period. Quantinno Capital Management LP’s holdings in Salesforce were worth $63,473,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Painted Porch Advisors LLC boosted its stake in shares of Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 65 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its stake in shares of Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 85 shares in the last quarter. Christopher J. Hasenberg Inc lifted its holdings in Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after purchasing an additional 92 shares during the last quarter. Maseco LLP bought a new stake in Salesforce during the second quarter worth approximately $34,000. Finally, Quaker Wealth Management LLC grew its holdings in Salesforce by 208.6% during the second quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock valued at $34,000 after purchasing an additional 242 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

Salesforce Stock Down 0.8%

CRM stock opened at $262.19 on Friday. The business’s 50-day simple moving average is $245.06 and its 200 day simple moving average is $252.33. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.14. The company has a market cap of $245.67 billion, a PE ratio of 35.01, a price-to-earnings-growth ratio of 1.97 and a beta of 1.25. Salesforce Inc. has a twelve month low of $221.96 and a twelve month high of $367.09.

Salesforce (NYSE:CRM – Get Free Report) last announced its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.39. The company had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.27 billion. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.Salesforce’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, research analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th will be issued a $0.416 dividend. This represents a $1.66 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, December 18th. Salesforce’s payout ratio is 22.16%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CRM. Northland Securities upped their price objective on shares of Salesforce from $264.00 to $267.00 and gave the stock a “market perform” rating in a report on Thursday, December 4th. JMP Securities reissued a “market outperform” rating and set a $430.00 target price on shares of Salesforce in a research report on Friday, October 17th. JPMorgan Chase & Co. lowered their price target on Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. BMO Capital Markets dropped their price objective on Salesforce from $280.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, December 4th. Finally, Wedbush restated an “outperform” rating and set a $375.00 target price on shares of Salesforce in a research note on Thursday, December 4th. Twenty-eight equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and an average target price of $326.46.

View Our Latest Stock Report on Salesforce

Insider Activity

In other news, insider Parker Harris sold 134,662 shares of Salesforce stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the sale, the insider directly owned 139,767 shares in the company, valued at approximately $32,803,314.90. The trade was a 49.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director G Mason Morfit bought 96,000 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was acquired at an average cost of $260.58 per share, for a total transaction of $25,015,680.00. Following the purchase, the director owned 2,994,509 shares of the company’s stock, valued at $780,309,155.22. This trade represents a 3.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders sold 177,534 shares of company stock worth $42,194,197. 3.00% of the stock is currently owned by corporate insiders.

About Salesforce

(Free Report)

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.

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