Sheets Smith Wealth Management Acquires 60 Shares of Salesforce Inc. $CRM

Sheets Smith Wealth Management raised its holdings in Salesforce Inc. (NYSE:CRM) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,409 shares of the CRM provider’s stock after buying an additional 60 shares during the quarter. Sheets Smith Wealth Management’s holdings in Salesforce were worth $384,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRM. Nuveen LLC purchased a new position in shares of Salesforce during the first quarter valued at about $2,039,196,000. GAMMA Investing LLC boosted its position in Salesforce by 30,456.9% during the 1st quarter. GAMMA Investing LLC now owns 3,801,588 shares of the CRM provider’s stock valued at $1,020,194,000 after acquiring an additional 3,789,147 shares in the last quarter. Longview Partners Guernsey LTD bought a new stake in Salesforce during the 1st quarter valued at approximately $467,944,000. Pacer Advisors Inc. grew its holdings in shares of Salesforce by 1,744.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after acquiring an additional 1,721,550 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after acquiring an additional 1,383,942 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

CRM has been the topic of several recent research reports. Royal Bank Of Canada reduced their price target on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 4th. Oppenheimer reduced their target price on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 26th. Morgan Stanley lifted their price target on shares of Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Finally, Bank of America lowered their target price on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $332.58.

Insider Buying and Selling

In other news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $245.85, for a total value of $553,162.50. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,928,459,730.35. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction that occurred on 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 transaction, the director owned 3,824 shares of the company’s stock, valued at $973,819.84. The trade was a 801.89% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 78,750 shares of company stock valued at $19,955,745. 3.00% of the stock is currently owned by insiders.

Salesforce Trading Down 2.0%

Shares of NYSE:CRM opened at $240.93 on Friday. 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 cap of $229.37 billion, a P/E ratio of 35.02, a PEG ratio of 2.24 and a beta of 1.22. The stock’s fifty day moving average price is $249.70 and its 200-day moving average price is $261.92.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.Salesforce’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the company earned $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Sell-side analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be given a dividend of $0.416 per share. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce’s dividend payout ratio is 24.13%.

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.