Strait & Sound Wealth Management LLC Raises Position in Salesforce Inc. $CRM

Strait & Sound Wealth Management LLC grew its position in Salesforce Inc. (NYSE:CRM) by 19.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,729 shares of the CRM provider’s stock after acquiring an additional 610 shares during the period. Strait & Sound Wealth Management LLC’s holdings in Salesforce were worth $1,001,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Coign Capital Advisors LLC lifted its stake in shares of Salesforce by 1.7% in the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock valued at $586,000 after purchasing an additional 37 shares during the period. Staley Capital Advisers Inc. raised its position in Salesforce by 1.1% during the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock worth $897,000 after acquiring an additional 38 shares during the last quarter. KDT Advisors LLC raised its position in Salesforce by 4.1% during the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock worth $260,000 after acquiring an additional 38 shares during the last quarter. Liberty One Investment Management LLC raised its position in Salesforce by 1.2% during the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock worth $849,000 after acquiring an additional 39 shares during the last quarter. Finally, First Command Advisory Services Inc. raised its position in Salesforce by 7.3% during the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock worth $154,000 after acquiring an additional 39 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Buying and Selling

In related news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total transaction of $578,295.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,061,511,978.42. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 66,077 shares of company stock worth $16,885,773 over the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Salesforce Stock Up 2.6%

Shares of NYSE:CRM opened at $250.40 on Monday. The stock’s 50-day moving average price is $255.64 and its two-hundred day moving average price is $266.32. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The firm has a market cap of $238.38 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 2.29 and a beta of 1.22.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping 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 firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the business posted $2.56 earnings per share. Salesforce’s revenue for the quarter was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The business also recently declared 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 of this dividend is Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce’s dividend payout ratio is 24.13%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CRM. Sanford C. Bernstein cut their target price on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research report on Thursday. UBS Group cut their target price on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a research report on Monday, August 18th. Westpark Capital restated a “buy” rating and set a $320.00 target price on shares of Salesforce in a research report on Wednesday, May 28th. Oppenheimer cut their target price on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a research report on Tuesday, August 26th. Finally, JMP Securities restated a “market outperform” rating and set a $430.00 target price on shares of Salesforce in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $331.34.

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.