1,045 Shares in Salesforce Inc. $CRM Purchased by Lion Street Advisors LLC

Key Points

• Lion Street Advisors LLC recently acquired 1,045 shares of Salesforce Inc. (NYSE:CRM) during Q2, valued at approximately $285,000.
• Salesforce reported a 9.8% year-over-year revenue increase in its last quarterly earnings, achieving $10.24 billion, with earnings per share beating estimates at $2.91.
• The company announced a quarterly dividend of $0.416 per share, representing an annualized yield of 0.7%, with a payout ratio of 24.13%.

Lion Street Advisors LLC bought a new position in Salesforce Inc. (NYSE:CRM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,045 shares of the CRM provider's stock, valued at approximately $285,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Painted Porch Advisors LLC boosted its holdings in shares of Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock worth $25,000 after buying an additional 65 shares during the last quarter. Capital A Wealth Management LLC boosted its stake in 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 last quarter. CBIZ Investment Advisory Services LLC boosted its stake in 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 last quarter. Abound Financial LLC purchased a new position in Salesforce in the first quarter valued at about $31,000. Finally, Christopher J. Hasenberg Inc boosted its stake in Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock valued at $32,000 after acquiring an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company's stock.

Salesforce Price Performance

NYSE:CRM opened at $248.77 on Tuesday. The firm has a market capitalization of $236.83 billion, a price-to-earnings ratio of 36.16, a P/E/G ratio of 2.09 and a beta of 1.19. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The stock has a fifty day moving average of $244.61 and a 200 day moving average of $258.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. The firm 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%.The company's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the company posted $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. On average, research analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were given a dividend of $0.416 per share. The ex-dividend date was Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce's payout ratio is presently 24.13%.

Insider Transactions at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $239.79, for a total transaction of $539,527.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $2,856,275,610.09. The trade was a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 76,500 shares of company stock worth $19,049,130 in the last three months. Insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CRM shares. Canaccord Genuity Group reduced their price objective on Salesforce from $350.00 to $300.00 and set a "buy" rating for the company in a report on Thursday, September 4th. DA Davidson upgraded Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 price target for the company in a research note on Friday, August 15th. Oppenheimer cut their price target on Salesforce from $370.00 to $315.00 and set an "outperform" rating for the company in a research note on Tuesday, August 26th. JPMorgan Chase & Co. cut their target price on shares of Salesforce from $380.00 to $365.00 and set an "overweight" rating for the company in a research report on Thursday, September 4th. Finally, BMO Capital Markets cut their target price on shares of Salesforce from $335.00 to $280.00 and set an "outperform" rating for the company in a research report on Thursday, September 4th. Twenty-six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce currently has a consensus rating of "Moderate Buy" and a consensus price target of $331.89.

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.

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