Salesforce Inc. $CRM Shares Acquired by Howard Capital Management Inc.

Howard Capital Management Inc. lifted its stake in shares of Salesforce Inc. (NYSE:CRM) by 25.3% during the second quarter, Holdings Channel reports. The firm owned 11,243 shares of the CRM provider’s stock after purchasing an additional 2,272 shares during the quarter. Howard Capital Management Inc.’s holdings in Salesforce were worth $3,070,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Brighton Jones LLC lifted its stake in Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after buying an additional 3,102 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after acquiring an additional 205 shares during the period. Bison Wealth LLC lifted its position in shares of Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after acquiring an additional 184 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in Salesforce by 23.7% in the 1st quarter. Golden State Wealth Management LLC now owns 1,931 shares of the CRM provider’s stock worth $518,000 after purchasing an additional 370 shares during the period. Finally, Joel Isaacson & Co. LLC boosted its stake in Salesforce by 18.7% in the 1st quarter. Joel Isaacson & Co. LLC now owns 2,888 shares of the CRM provider’s stock worth $775,000 after purchasing an additional 454 shares during the period. 80.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CRM. DA Davidson restated a “neutral” rating and issued a $225.00 target price on shares of Salesforce in a report on Thursday, October 16th. Citigroup increased their price objective on Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. Wedbush restated an “outperform” rating and set a $375.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. JMP Securities reiterated a “market outperform” rating and issued a $430.00 target price on shares of Salesforce in a report on Friday, October 17th. Finally, Royal Bank Of Canada reduced their price target on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research report on Thursday, September 4th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $325.23.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Friday, October 24th. The shares were sold at an average price of $255.56, for a total transaction of $575,010.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $3,044,121,084.76. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 78,750 shares of company stock valued at $19,394,393 in the last three months. Corporate insiders own 3.00% of the company’s stock.

Salesforce Stock Up 0.3%

Shares of Salesforce stock opened at $255.49 on Tuesday. The firm has a market cap of $243.23 billion, a price-to-earnings ratio of 37.14, a P/E/G ratio of 2.14 and a beta of 1.19. The stock has a 50-day simple moving average of $246.75 and a 200-day simple moving average of $258.05. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. 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 (NYSE:CRM) last issued its quarterly earnings data 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. The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $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 expect 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. Investors of record on Wednesday, September 17th were paid a $0.416 dividend. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s payout ratio is presently 24.13%.

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.