Clarendon Private LLC Purchases 113 Shares of Salesforce Inc. $CRM

Clarendon Private LLC grew its position in Salesforce Inc. (NYSE:CRM) by 4.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,603 shares of the CRM provider’s stock after purchasing an additional 113 shares during the quarter. Clarendon Private LLC’s holdings in Salesforce were worth $710,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. GW Henssler & Associates Ltd. boosted its stake in shares of Salesforce by 3.0% in the 2nd quarter. GW Henssler & Associates Ltd. now owns 68,427 shares of the CRM provider’s stock valued at $18,659,000 after purchasing an additional 1,977 shares during the last quarter. Valley Brook Capital Group Inc. boosted its stake in shares of Salesforce by 5.5% in the 2nd quarter. Valley Brook Capital Group Inc. now owns 4,969 shares of the CRM provider’s stock valued at $1,355,000 after purchasing an additional 260 shares during the last quarter. CWM LLC boosted its stake in shares of Salesforce by 10.2% in the 2nd quarter. CWM LLC now owns 100,739 shares of the CRM provider’s stock valued at $27,470,000 after purchasing an additional 9,338 shares during the last quarter. Advocate Group LLC bought a new stake in shares of Salesforce in the 2nd quarter valued at $3,281,000. Finally, OFI Invest Asset Management lifted its position in shares of Salesforce by 3.9% during the 2nd quarter. OFI Invest Asset Management now owns 254,211 shares of the CRM provider’s stock valued at $69,321,000 after acquiring an additional 9,512 shares during the period. 80.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CRM shares. JMP Securities reiterated a “market outperform” rating and set a $430.00 target price on shares of Salesforce in a research report on Tuesday, September 2nd. Piper Sandler dropped their target price on shares of Salesforce from $335.00 to $315.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Citigroup boosted their target price on shares of Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Barclays dropped their target price on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a research report on Monday, August 18th. Finally, Morgan Stanley boosted their target price on shares of Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Twenty-six analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $331.89.

Salesforce Stock Performance

CRM opened at $242.11 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The company’s fifty day moving average price is $244.68 and its two-hundred day moving average price is $258.77. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The company has a market cap of $230.49 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 2.09 and a beta of 1.19.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the company posted $2.56 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were issued a $0.416 dividend. The ex-dividend date was Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s dividend payout ratio is currently 24.13%.

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $239.79, for a total value of $539,527.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $2,856,275,610.09. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 78,750 shares of company stock valued at $19,634,805 in the last three months. Corporate insiders own 3.00% of the company’s stock.

About Salesforce

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.