19,762 Shares in Salesforce Inc. $CRM Purchased by Sendero Wealth Management LLC

Sendero Wealth Management LLC bought a new stake in Salesforce Inc. (NYSE:CRM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 19,762 shares of the CRM provider's stock, valued at approximately $5,389,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Plimoth Trust Co. LLC increased its stake in Salesforce by 3.1% in the second quarter. Plimoth Trust Co. LLC now owns 18,865 shares of the CRM provider's stock valued at $5,144,000 after acquiring an additional 568 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of Salesforce by 35.9% in the 2nd quarter. DAVENPORT & Co LLC now owns 25,539 shares of the CRM provider's stock valued at $6,964,000 after purchasing an additional 6,740 shares in the last quarter. Marks Group Wealth Management Inc increased its stake in shares of Salesforce by 1.1% in the 2nd quarter. Marks Group Wealth Management Inc now owns 38,421 shares of the CRM provider's stock valued at $10,477,000 after purchasing an additional 426 shares during the last quarter. Woodmont Investment Counsel LLC raised its holdings in shares of Salesforce by 2.6% during the 2nd quarter. Woodmont Investment Counsel LLC now owns 19,206 shares of the CRM provider's stock worth $5,237,000 after buying an additional 493 shares in the last quarter. Finally, Global Assets Advisory LLC bought a new stake in shares of Salesforce during the 2nd quarter worth $1,577,000. Institutional investors own 80.43% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Sanford C. Bernstein decreased their target price on Salesforce from $255.00 to $221.00 and set an "underperform" rating on the stock in a research report on Thursday, September 4th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Salesforce in a report on Saturday, September 27th. KeyCorp dropped their price objective on shares of Salesforce from $440.00 to $400.00 and set an "overweight" rating for the company in a research note on Thursday, September 4th. Wall Street Zen cut shares of Salesforce from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $325.00 price target on shares of Salesforce in a report on Thursday, September 4th. Twenty-six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $332.58.

Salesforce Stock Up 0.6%

Shares of CRM opened at $240.25 on Monday. The stock's 50-day moving average price is $246.66 and its two-hundred day moving average price is $260.05. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The company has a market capitalization of $228.72 billion, a PE ratio of 34.92, a PEG ratio of 2.08 and a beta of 1.19. 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 (NYSE:CRM - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%.The firm's revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 0.7%. Salesforce's dividend payout ratio is presently 24.13%.

Insider Activity at Salesforce

In related news, Director David Blair Kirk acquired 3,400 shares of the stock in a transaction dated Tuesday, September 9th. The stock was bought at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the purchase, the director directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $236.38, for a total transaction of $531,855.00. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $2,815,657,152.98. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,750 shares of company stock valued at $19,747,868 in the last ninety days. 3.00% of the stock is currently owned by insiders.

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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