AG2R LA Mondiale Gestion D Actifs Buys Shares of 35,297 Salesforce Inc. $CRM

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 35,297 shares of Salesforce Inc. for approximately $9.37 million, making it the fund's 28th largest position.
• Salesforce reported strong quarterly earnings with $2.91 EPS, surpassing estimates, and an expected annual EPS of 7.46 for the current fiscal year.
• Salesforce will pay a quarterly dividend of $0.416 on October 9th, representing an annualized yield of 0.7%.

AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 35,297 shares of the CRM provider's stock, valued at approximately $9,367,000. Salesforce makes up 0.5% of AG2R LA Mondiale Gestion D Actifs' portfolio, making the stock its 28th biggest position.

Several other institutional investors have also made changes to their positions in CRM. Bernard Wealth Management Corp. acquired a new stake in Salesforce in the 4th quarter worth approximately $25,000. Capital A Wealth Management LLC increased its position in shares of Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 90 shares during the period. CBIZ Investment Advisory Services LLC increased its position in shares of Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 85 shares during the period. Abound Financial LLC bought a new stake in shares of Salesforce during the first quarter valued at approximately $31,000. Finally, Wood Tarver Financial Group LLC bought a new stake in shares of Salesforce during the fourth quarter valued at approximately $35,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CRM. Morgan Stanley lifted their price objective on Salesforce from $404.00 to $405.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. Sanford C. Bernstein lowered their price objective on Salesforce from $255.00 to $221.00 and set an "underperform" rating for the company in a research report on Thursday, September 4th. JPMorgan Chase & Co. decreased their target price on Salesforce from $380.00 to $365.00 and set an "overweight" rating for the company in a research report on Thursday, September 4th. Erste Group Bank lowered Salesforce from a "buy" rating to a "hold" rating in a research report on Thursday, June 5th. Finally, Mizuho decreased their target price on Salesforce from $425.00 to $380.00 and set an "outperform" rating for the company in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $332.58.

Insider Transactions 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 cost 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 of the company's stock, valued at $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $246.66, for a total value of $554,985.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $2,938,108,102.86. The trade was a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,577 shares of company stock worth $18,005,778 over the last three months. Insiders own 3.00% of the company's stock.

Salesforce Stock Up 1.5%

CRM opened at $246.26 on Friday. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The stock's fifty day simple moving average is $253.79 and its 200 day simple moving average is $265.23. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The stock has a market cap of $234.44 billion, a PE ratio of 35.79, a price-to-earnings-growth ratio of 2.21 and a beta of 1.22.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. The firm had revenue of $10.24 billion for the quarter, compared to analysts' expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business earned $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. As a group, research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be paid a $0.416 dividend. 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 (DPR) is 24.13%.

Salesforce Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.