Arista Wealth Management LLC Purchases New Shares in Salesforce Inc. $CRM

Key Points

• Arista Wealth Management LLC has purchased 7,696 shares of Salesforce Inc., valued at approximately $2.1 million, indicating growing institutional interest in the company.
• Salesforce's stock has a consensus rating of "Moderate Buy" with an average price target of $325.23, even as several analysts have adjusted their price targets downwards.
• The company recently reported strong earnings with a net margin of 16.87% and announced a quarterly dividend of $0.416, reflecting its ongoing financial health.

Arista Wealth Management LLC purchased a new stake in Salesforce Inc. (NYSE:CRM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,696 shares of the CRM provider's stock, valued at approximately $2,099,000.

Several other institutional investors and hedge funds have also modified their holdings of CRM. Brighton Jones LLC grew its stake in shares of Salesforce by 13.7% in the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock valued at $8,582,000 after acquiring an additional 3,102 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock valued at $611,000 after acquiring an additional 205 shares in the last quarter. Bison Wealth LLC grew its stake in shares of Salesforce by 9.0% in the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock valued at $747,000 after acquiring an additional 184 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Salesforce by 13.9% in the first quarter. GAMMA Investing LLC now owns 14,166 shares of the CRM provider's stock valued at $3,802,000 after acquiring an additional 1,725 shares in the last quarter. Finally, Cornerstone Wealth Management LLC grew its stake in shares of Salesforce by 9.6% in the first quarter. Cornerstone Wealth Management LLC now owns 4,211 shares of the CRM provider's stock valued at $1,130,000 after acquiring an additional 370 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CRM shares. Roth Capital reiterated a "buy" rating and set a $395.00 price objective on shares of Salesforce in a research note on Thursday, September 4th. Wells Fargo & Company reduced their price objective on shares of Salesforce from $275.00 to $265.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 4th. UBS Group reduced their price objective on shares of Salesforce from $300.00 to $260.00 and set a "neutral" rating on the stock in a research note on Monday, August 18th. Weiss Ratings reiterated a "hold (c)" rating on shares of Salesforce in a research note on Tuesday. Finally, Royal Bank Of Canada reduced their price objective on shares of Salesforce from $275.00 to $250.00 and set a "sector perform" rating on the stock in a research note on Thursday, September 4th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Salesforce currently has a consensus rating of "Moderate Buy" and an average price target of $325.23.

Insider Transactions at Salesforce

In other Salesforce news, Director David Blair Kirk acquired 3,400 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director directly owned 3,824 shares in the company, valued at $973,819.84. This represents a 801.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $234.64, for a total transaction of $527,940.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $2,794,931,019.44. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,750 shares of company stock valued at $19,521,495 in the last three months. Company insiders own 3.00% of the company's stock.

Salesforce Stock Up 3.6%

CRM stock opened at $245.09 on Friday. The stock has a market capitalization of $233.33 billion, a P/E ratio of 35.62, a price-to-earnings-growth ratio of 2.04 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 Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The firm has a 50-day moving average price of $244.31 and a 200-day moving average price of $258.05.

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

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were issued a $0.416 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce's dividend payout ratio is 24.13%.

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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