2,731 Shares in Salesforce Inc. $CRM Purchased by AlphaGrep UK Ltd

Key Points

• AlphaGrep UK Ltd purchased 2,731 Salesforce shares during the second quarter, valued at approximately $428,000. Institutional investors and hedge funds collectively own 80.43% of Salesforce.
• Salesforce reported quarterly EPS of $5.90, exceeding the $3.27 consensus estimate, while revenue rose 10.8% year over year to $11.35 billion.
• Analyst sentiment remains positive, with Salesforce receiving a “Moderate Buy” consensus rating and an average price target of $266.50. The company also declared a quarterly dividend of $0.44 per share.

AlphaGrep UK Ltd purchased a new stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,731 shares of the CRM provider's stock, valued at approximately $428,000.

Several other institutional investors have also recently made changes to their positions in CRM. Commonwealth Retirement Investments LLC bought a new position in shares of Salesforce in the fourth quarter valued at $25,000. Gilpin Wealth Management LLC acquired a new stake in Salesforce in the fourth quarter valued at $26,000. Birchwood Financial Partners Inc. bought a new position in shares of Salesforce in the 4th quarter valued at about $28,000. Swiss RE Ltd. bought a new position in shares of Salesforce in the 4th quarter valued at about $28,000. Finally, Dogwood Wealth Management LLC increased its stake in shares of Salesforce by 285.7% during the 4th quarter. Dogwood Wealth Management LLC now owns 108 shares of the CRM provider's stock worth $29,000 after purchasing an additional 80 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Insider Activity

In related news, Director Craig Conway sold 4,500 shares of the firm's stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the transaction, the director directly owned 5,437 shares of the company's stock, valued at approximately $1,416,936.57. This trade represents a 45.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.50% of the company's stock.

Salesforce News Summary

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: AI growth is becoming material: Agentforce and Data 360 annual recurring revenue reached nearly $3.9 billion, up more than 210% year over year. Agentforce ARR exceeded $1.5 billion and grew more than 240%, supporting the view that Salesforce is successfully monetizing artificial intelligence. Salesforce Grew Agentforce and Data 360 ARR More Than 200%
• Positive Sentiment: Analyst support remains strong: Cantor Fitzgerald raised its Salesforce price target to $300, while BTIG reaffirmed its “Buy” rating and said it is increasingly confident in improving business trends. Cantor Fitzgerald Raises Salesforce Price Target
• Positive Sentiment: Shareholder returns: Salesforce declared a quarterly cash dividend of $0.44 per share, payable October 8 to shareholders of record September 17. The dividend provides a modest income component and signals continued confidence in cash generation. Salesforce Announces Quarterly Dividend

Wall Street Analysts Forecast Growth

CRM has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Salesforce from $250.00 to $265.00 and gave the company an "overweight" rating in a research note on Thursday, August 27th. Mizuho upped their price objective on Salesforce from $250.00 to $265.00 and gave the company an "outperform" rating in a research note on Thursday, August 27th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Salesforce in a research report on Thursday, August 27th. Susquehanna began coverage on Salesforce in a research note on Wednesday, July 1st. They set a "neutral" rating for the company. Finally, CLSA began coverage on Salesforce in a report on Monday, July 20th. They set a "hold" rating and a $165.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $266.50.

Salesforce Stock Up 0.1%

Salesforce stock opened at $259.39 on Monday. The stock has a market cap of $213.48 billion, a P/E ratio of 23.65, a P/E/G ratio of 1.20 and a beta of 1.20. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. Salesforce Inc. has a twelve month low of $146.32 and a twelve month high of $269.11. The company's 50-day moving average price is $191.88 and its two-hundred day moving average price is $184.96.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $2.63. The firm had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.33 billion. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The business's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the business posted $2.91 earnings per share. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. As a group, analysts expect that Salesforce Inc. will post 12.65 EPS for the current year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce's dividend payout ratio (DPR) is currently 16.04%.

About Salesforce

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.

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