Salesforce Inc. $CRM Shares Purchased by Secure Asset Management LLC

Secure Asset Management LLC boosted its holdings in Salesforce Inc. (NYSE:CRM) by 4.8% in the second quarter, HoldingsChannel.com reports. The firm owned 9,692 shares of the CRM provider’s stock after buying an additional 448 shares during the quarter. Secure Asset Management LLC’s holdings in Salesforce were worth $2,643,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bernard Wealth Management Corp. acquired a new stake in shares of Salesforce in the fourth quarter valued at approximately $25,000. Wood Tarver Financial Group LLC acquired a new stake in shares of Salesforce in the fourth quarter valued at approximately $35,000. Capital A Wealth Management LLC boosted its holdings in shares of Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 90 shares during the period. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 85 shares during the period. Finally, Abound Financial LLC acquired a new stake in shares of Salesforce in the first quarter valued at approximately $31,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the transaction, the director directly owned 3,824 shares of the company’s stock, valued at $973,819.84. This trade represents a 801.89% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $242.39, for a total value of $545,377.50. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $2,887,245,694.69. This represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,077 shares of company stock valued at $19,099,953 over the last quarter. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CRM. Northland Securities cut their price target on Salesforce from $423.00 to $396.00 and set an “outperform” rating for the company in a research note on Thursday, May 29th. Citigroup upped their price target on Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. Barclays cut their price target on Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research note on Monday, August 18th. Macquarie restated a “neutral” rating and set a $290.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Finally, Royal Bank Of Canada cut their price target on Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce presently has an average rating of “Moderate Buy” and an average target price of $332.58.

Salesforce Price Performance

Shares of NYSE CRM opened at $242.00 on Thursday. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. 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 capitalization of $230.38 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 2.18 and a beta of 1.22. The business has a 50 day simple moving average of $251.39 and a 200-day simple moving average of $263.58.

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 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 business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the business earned $2.56 EPS. The business’s quarterly revenue 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. As a group, equities research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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