1,111 Shares in Salesforce Inc. $CRM Acquired by GK Wealth Management LLC

GK Wealth Management LLC purchased a new position in Salesforce Inc. (NYSE:CRM - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,111 shares of the CRM provider's stock, valued at approximately $303,000.

A number of other institutional investors also recently added to or reduced their stakes in CRM. Nuveen LLC purchased a new stake in shares of Salesforce during the 1st quarter worth approximately $2,039,196,000. GAMMA Investing LLC lifted its position in shares of Salesforce by 30,456.9% during the 1st quarter. GAMMA Investing LLC now owns 3,801,588 shares of the CRM provider's stock worth $1,020,194,000 after buying an additional 3,789,147 shares during the last quarter. Longview Partners Guernsey LTD purchased a new stake in shares of Salesforce during the 1st quarter worth approximately $467,944,000. Pacer Advisors Inc. lifted its position 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 buying an additional 1,721,550 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Salesforce by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider's stock worth $23,592,501,000 after buying an additional 1,383,942 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. BMO Capital Markets reduced their price objective 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. Northland Securities reduced their price objective on shares of Salesforce from $423.00 to $396.00 and set an "outperform" rating for the company in a research report on Thursday, May 29th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Salesforce from $400.00 to $340.00 and set a "buy" rating for the company in a research report on Thursday, September 4th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $325.00 price target on shares of Salesforce in a research report on Thursday, September 4th. Finally, DA Davidson upgraded shares of Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 price target for the company in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Salesforce currently has an average rating of "Moderate Buy" and an average price target of $332.58.

Insider Buying and Selling at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $246.66, for a total transaction of $554,985.00. Following the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,938,108,102.86. The trade was a 0.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Blair Kirk bought 3,400 shares of the firm's stock in a transaction on Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 70,577 shares of company stock worth $18,005,778 over the last 90 days. Insiders own 3.00% of the company's stock.

Salesforce Stock Performance

Shares of CRM opened at $242.68 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $231.03 billion, a P/E ratio of 35.27, a P/E/G ratio of 2.21 and a beta of 1.22. The company's fifty day moving average is $253.21 and its two-hundred day moving average is $264.29. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. The company had revenue of $10.24 billion for the quarter, compared to analysts' expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. Salesforce's revenue was up 9.8% compared to the same quarter last year. During the same period in the previous 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, sell-side analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be paid a $0.416 dividend. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce's payout ratio is currently 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.

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