Notis McConarty Edward Purchases 2,718 Shares of Salesforce Inc. $CRM

Notis McConarty Edward boosted its position in shares of Salesforce Inc. (NYSE:CRM) by 70.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,562 shares of the CRM provider’s stock after buying an additional 2,718 shares during the quarter. Notis McConarty Edward’s holdings in Salesforce were worth $1,789,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CRM. Brighton Jones LLC increased its position in Salesforce by 13.7% during the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after purchasing an additional 3,102 shares during the period. Revolve Wealth Partners LLC increased its position in Salesforce by 12.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after purchasing an additional 205 shares during the period. Bison Wealth LLC increased its position in Salesforce by 9.0% during the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after purchasing an additional 184 shares during the period. Harbor Capital Advisors Inc. increased its position in Salesforce by 65.9% during the 1st quarter. Harbor Capital Advisors Inc. now owns 20,720 shares of the CRM provider’s stock valued at $5,560,000 after purchasing an additional 8,228 shares during the period. Finally, GAMMA Investing LLC increased its position in Salesforce by 13.9% during the 1st quarter. GAMMA Investing LLC now owns 14,166 shares of the CRM provider’s stock valued at $3,802,000 after purchasing an additional 1,725 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $241.32, for a total transaction of $542,970.00. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,874,500,313.72. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 78,750 shares of company stock worth $19,679,535. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CRM has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Salesforce in a research report on Saturday, September 27th. Wells Fargo & Company reduced their target price on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 4th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $325.00 target price on shares of Salesforce in a research report on Thursday, September 4th. UBS Group reduced their target price on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a research report on Monday, August 18th. Finally, Royal Bank Of Canada reduced their target price on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 4th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $332.58.

Salesforce Stock Performance

CRM opened at $240.23 on Thursday. 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 has a market cap of $228.70 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 2.07 and a beta of 1.19. The company’s 50 day moving average is $245.13 and its 200 day moving average is $259.53. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00.

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

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be issued a $0.416 dividend. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce’s dividend payout ratio (DPR) 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.