GPM Growth Investors Inc. Purchases 1,472 Shares of Salesforce Inc. $CRM

GPM Growth Investors Inc. raised its position in shares of Salesforce Inc. (NYSE:CRM) by 14.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,016 shares of the CRM provider’s stock after purchasing an additional 1,472 shares during the quarter. Salesforce accounts for about 1.3% of GPM Growth Investors Inc.’s investment portfolio, making the stock its 25th biggest holding. GPM Growth Investors Inc.’s holdings in Salesforce were worth $3,277,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Diversified Trust Co grew its stake in shares of Salesforce by 30.1% in the second quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider’s stock worth $7,577,000 after acquiring an additional 6,430 shares during the period. Neville Rodie & Shaw Inc. grew its stake in shares of Salesforce by 4.6% in the second quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider’s stock worth $16,353,000 after acquiring an additional 2,644 shares during the period. AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of Salesforce in the first quarter worth approximately $9,367,000. Jones Financial Companies Lllp grew its stake in shares of Salesforce by 31.2% in the first quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider’s stock worth $93,016,000 after acquiring an additional 81,916 shares during the period. Finally, Wesbanco Bank Inc. grew its stake in shares of Salesforce by 6.8% in the second quarter. Wesbanco Bank Inc. now owns 110,968 shares of the CRM provider’s stock worth $30,260,000 after acquiring an additional 7,091 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Insider Activity at Salesforce

In related news, Director David Blair Kirk bought 3,400 shares of the stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the acquisition, the director owned 3,824 shares of the company’s stock, valued at $973,819.84. This represents a 801.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $247.67, for a total transaction of $557,257.50. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,950,138,789.57. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,750 shares of company stock worth $19,394,393 in the last ninety days. Insiders own 3.00% of the company’s stock.

Salesforce Price Performance

Shares of NYSE:CRM opened at $255.49 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The company has a market capitalization of $243.23 billion, a P/E ratio of 37.14, a P/E/G ratio of 2.14 and a beta of 1.19. The firm’s 50 day simple moving average is $246.75 and its two-hundred day simple moving average is $258.05.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating 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 business 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 firm earned $2.56 earnings per share. The company’s revenue for the quarter 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. Research analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CRM. KeyCorp reduced their price target on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, September 4th. Morgan Stanley lifted their price target on shares of Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Robert W. Baird dropped their price objective on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Needham & Company LLC reissued a “buy” rating and issued a $400.00 price objective on shares of Salesforce in a report on Thursday, October 16th. Finally, Wedbush reissued an “outperform” rating and issued a $375.00 price objective on shares of Salesforce in a report on Thursday, October 16th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $325.23.

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.