AlTi Global Inc. Has $4.42 Million Stake in Salesforce Inc. $CRM

Key Points

• AlTi Global Inc. reduced its holdings in Salesforce Inc. by 10.9%, now owning 16,466 shares valued at approximately $4.42 million.
• Salesforce's stock has a market capitalization of $241.81 billion and a PE ratio of 39.58, with recent trading around $252.94.
• CEO Marc Benioff sold 2,250 shares of Salesforce, leading to a 0.02% decrease in his ownership, while insiders sold a total of 61,577 shares over the past 90 days.

AlTi Global Inc. lessened its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 10.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,466 shares of the CRM provider's stock after selling 2,006 shares during the quarter. AlTi Global Inc.'s holdings in Salesforce were worth $4,420,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CRM. Bernard Wealth Management Corp. acquired a new stake in Salesforce during the 4th quarter worth $25,000. Capital A Wealth Management LLC increased its holdings in Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after purchasing an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its holdings in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after purchasing an additional 85 shares in the last quarter. Abound Financial LLC bought a new position in Salesforce during the 1st quarter worth about $31,000. Finally, Wood Tarver Financial Group LLC bought a new position in Salesforce during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 80.43% of the company's stock.

Salesforce Stock Performance

CRM stock traded up $6.39 during mid-day trading on Friday, hitting $250.40. 13,010,920 shares of the company were exchanged, compared to its average volume of 9,763,446. The business has a 50 day simple moving average of $255.64 and a 200-day simple moving average of $267.08. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $239.39 billion, a PE ratio of 36.40, a price-to-earnings-growth ratio of 2.21 and a beta of 1.22. 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 issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 16.87% and a return on equity of 13.34%. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $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, equities analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be given a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce's payout ratio is presently 25.98%.

Insider Buying and Selling at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $241.50, for a total value of $543,375.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,876,644,396.50. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 66,077 shares of company stock valued at $16,885,773 in the last three months. 3.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on CRM shares. Canaccord Genuity Group lowered their target price on Salesforce from $350.00 to $300.00 and set a "buy" rating for the company in a report on Thursday. Mizuho lowered their target price on Salesforce from $425.00 to $380.00 and set an "outperform" rating for the company in a report on Thursday, May 15th. Barclays lowered their target price on Salesforce from $347.00 to $316.00 and set an "overweight" rating for the company in a report on Monday, August 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on Salesforce from $400.00 to $340.00 and set a "buy" rating for the company in a report on Thursday. Finally, Piper Sandler decreased their price objective on Salesforce from $335.00 to $315.00 and set an "overweight" rating for the company in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $331.34.

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.