1,574 Shares in Salesforce Inc. $CRM Purchased by Andina Capital Management LLC

Key Points

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Andina Capital Management LLC bought a new stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,574 shares of the CRM provider's stock, valued at approximately $422,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Colonial Trust Advisors increased its stake in shares of Salesforce by 164.6% during the first quarter. Colonial Trust Advisors now owns 336 shares of the CRM provider's stock valued at $90,000 after purchasing an additional 209 shares in the last quarter. Disciplina Capital Management LLC increased its stake in shares of Salesforce by 114.8% during the first quarter. Disciplina Capital Management LLC now owns 174 shares of the CRM provider's stock valued at $47,000 after purchasing an additional 93 shares in the last quarter. Fairscale Capital LLC increased its stake in shares of Salesforce by 2.0% during the first quarter. Fairscale Capital LLC now owns 4,404 shares of the CRM provider's stock valued at $1,182,000 after purchasing an additional 87 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Salesforce during the first quarter valued at approximately $6,914,000. Finally, Cornerstone Select Advisors LLC raised its position in Salesforce by 31.4% in the first quarter. Cornerstone Select Advisors LLC now owns 2,262 shares of the CRM provider's stock worth $607,000 after acquiring an additional 541 shares during the period. Institutional investors own 80.43% of the company's stock.

Insider Activity at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total value of $578,295.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $3,061,511,978.42. This trade represents a 0.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders have sold 52,577 shares of company stock valued at $13,528,188. Company insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Citigroup decreased their price target on shares of Salesforce from $320.00 to $295.00 and set a "neutral" rating on the stock in a research report on Friday, May 30th. Morgan Stanley reiterated an "overweight" rating and issued a $404.00 price target (up from $393.00) on shares of Salesforce in a research report on Thursday, May 29th. Wells Fargo & Company raised their price objective on shares of Salesforce from $255.00 to $275.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Stephens decreased their price objective on shares of Salesforce from $311.00 to $309.00 and set an "equal weight" rating on the stock in a research report on Friday, May 30th. Finally, Oppenheimer restated an "outperform" rating and set a $370.00 price objective on shares of Salesforce in a research report on Tuesday, June 10th. Four analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $342.89.

Salesforce Price Performance

NYSE CRM traded up $2.1850 on Friday, reaching $248.0150. The company had a trading volume of 4,894,221 shares, compared to its average volume of 7,226,546. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $237.10 billion, a PE ratio of 38.81, a price-to-earnings-growth ratio of 2.24 and a beta of 1.37. The firm's 50 day moving average price is $258.58 and its 200 day moving average price is $273.10. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.55 by $0.03. The company had revenue of $9.83 billion for the quarter, compared to the consensus estimate of $9.74 billion. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. Salesforce's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.44 EPS. Salesforce has set its FY 2026 guidance at 11.270-11.330 EPS. Q2 2026 guidance at 2.760-2.780 EPS. As a group, equities analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were paid 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 of this dividend was Wednesday, June 18th. Salesforce's dividend payout ratio (DPR) is presently 25.98%.

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.