Cabot Wealth Management Inc. Has $3.03 Million Stock Holdings in Salesforce Inc. $CRM

Cabot Wealth Management Inc. lifted its holdings in Salesforce Inc. (NYSE:CRM) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,103 shares of the CRM provider’s stock after buying an additional 122 shares during the period. Cabot Wealth Management Inc.’s holdings in Salesforce were worth $3,028,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Brighton Jones LLC boosted its position in shares of Salesforce by 16.3% in the second quarter. Brighton Jones LLC now owns 32,209 shares of the CRM provider’s stock worth $8,783,000 after buying an additional 4,509 shares during the period. Stegent Equity Advisors Inc. boosted its position in shares of Salesforce by 28.3% in the second quarter. Stegent Equity Advisors Inc. now owns 1,562 shares of the CRM provider’s stock worth $426,000 after buying an additional 345 shares during the period. Linden Thomas Advisory Services LLC boosted its position in Salesforce by 0.7% during the second quarter. Linden Thomas Advisory Services LLC now owns 20,996 shares of the CRM provider’s stock valued at $5,725,000 after purchasing an additional 136 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its position in Salesforce by 18.9% during the second quarter. Kornitzer Capital Management Inc. KS now owns 25,483 shares of the CRM provider’s stock valued at $6,949,000 after purchasing an additional 4,045 shares during the last quarter. Finally, Brian Low Financial Group LLC acquired a new stake in Salesforce during the second quarter valued at $1,194,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Transactions at Salesforce

In other Salesforce news, Director David Blair Kirk acquired 3,400 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were acquired 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 owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This trade represents a 801.89% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $246.07, for a total value of $553,657.50. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $2,931,080,275.97. The trade was a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,750 shares of company stock worth $19,424,880 over the last quarter. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CRM has been the subject of a number of research reports. Cantor Fitzgerald reissued an “overweight” rating and set a $325.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. Piper Sandler reissued an “overweight” rating and set a $315.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. Morgan Stanley lifted their price objective on Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. DA Davidson reissued a “neutral” rating and set a $225.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. Finally, JPMorgan Chase & Co. reduced their price objective on Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $325.23.

Salesforce Price Performance

NYSE CRM opened at $254.93 on Friday. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The stock’s 50-day moving average is $246.53 and its two-hundred day moving average is $258.17. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $242.69 billion, a P/E ratio of 37.05, a price-to-earnings-growth ratio of 2.14 and a beta of 1.19.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.56 earnings per share. 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 anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

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

Salesforce Company 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.