Salesforce Inc. $CRM Shares Bought by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. increased its stake in Salesforce Inc. (NYSE:CRM) by 31.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,274 shares of the CRM provider’s stock after acquiring an additional 787 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Salesforce were worth $893,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CRM. Painted Porch Advisors LLC increased its stake in Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 65 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its stake in Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after buying an additional 85 shares in the last quarter. Christopher J. Hasenberg Inc boosted its holdings in shares of Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after buying an additional 92 shares during the period. Maseco LLP purchased a new position in shares of Salesforce in the second quarter worth approximately $34,000. Finally, Spurstone Advisory Services LLC acquired a new stake in shares of Salesforce during the second quarter valued at approximately $34,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Trading Down 2.8%

NYSE CRM opened at $236.86 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The firm’s fifty day simple moving average is $246.21 and its 200-day simple moving average is $257.25. The company has a market capitalization of $225.49 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.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 previous year, the company posted $2.56 earnings per share. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, sell-side analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors 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 dividend on an annualized basis and a yield of 0.7%. Salesforce’s dividend payout ratio is currently 24.13%.

Analysts Set New Price Targets

A number of research firms recently commented on CRM. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 price objective on shares of Salesforce in a research note on Thursday, October 16th. Macquarie restated a “neutral” rating and issued a $250.00 target price on shares of Salesforce in a report on Thursday, October 16th. DA Davidson reaffirmed a “neutral” rating and issued a $225.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of Salesforce in a research report on Tuesday, November 11th. Finally, Sanford C. Bernstein reduced their price objective on Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research note on Thursday, September 4th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Salesforce has a consensus rating of “Moderate Buy” and an average price target of $323.51.

Insider Buying and Selling

In other Salesforce news, Director David Blair Kirk bought 3,400 shares of Salesforce stock in a transaction on Tuesday, September 9th. The stock was purchased at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director directly owned 3,824 shares of the company’s stock, valued at $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $243.91, for a total transaction of $548,797.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,905,351,282.61. This represents a 0.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 65,372 shares of company stock worth $16,169,071 in the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

Salesforce Profile

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.