Bogart Wealth LLC Buys 2,134 Shares of Salesforce Inc. $CRM

Key Points

• Bogart Wealth LLC increased its stake in Salesforce Inc. by 4.6%, acquiring an additional 2,134 shares in the second quarter, bringing its total holdings to 48,634 shares valued at approximately $13.26 million.
• Salesforce's CEO, Marc Benioff, recently sold 2,250 shares at an average price of $238.37, resulting in a transaction totaling around $536,332.50.
• Salesforce announced a quarterly dividend of $0.416 per share, representing an annualized dividend of $1.66 and a yield of 0.7%.

Bogart Wealth LLC grew its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,634 shares of the CRM provider's stock after acquiring an additional 2,134 shares during the period. Bogart Wealth LLC's holdings in Salesforce were worth $13,262,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Salesforce by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider's stock worth $23,592,501,000 after buying an additional 1,383,942 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Salesforce by 6.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider's stock worth $2,484,616,000 after buying an additional 600,386 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Salesforce by 5.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider's stock worth $2,419,037,000 after buying an additional 437,435 shares during the period. Nuveen LLC acquired a new stake in shares of Salesforce during the 1st quarter worth approximately $2,039,196,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Salesforce by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider's stock worth $1,707,316,000 after buying an additional 295,681 shares during the period. 80.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CRM shares. Wall Street Zen upgraded shares of Salesforce from a "hold" rating to a "buy" rating in a research report on Saturday, October 11th. Sanford C. Bernstein lowered their target price on shares of Salesforce from $255.00 to $221.00 and set an "underperform" rating for the company in a research note on Thursday, September 4th. JMP Securities reaffirmed a "market outperform" rating and issued a $430.00 target price on shares of Salesforce in a research note on Friday. UBS Group reduced their price target on shares of Salesforce from $300.00 to $260.00 and set a "neutral" rating for the company in a report on Monday, August 18th. Finally, Wedbush reiterated an "outperform" rating and issued a $375.00 price target on shares of Salesforce in a report on Thursday. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $325.23.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $238.37, for a total transaction of $536,332.50. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $2,839,361,179.27. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 76,500 shares of company stock worth $18,929,903 over the last 90 days. Corporate insiders own 3.00% of the company's stock.

Salesforce Stock Performance

Shares of CRM stock opened at $243.27 on Monday. The company's fifty day simple moving average is $244.38 and its 200-day simple moving average is $257.79. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The firm has a market cap of $231.59 billion, a PE ratio of 35.36, a P/E/G ratio of 2.04 and a beta of 1.19. 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 posted its quarterly earnings results 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. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the firm posted $2.56 earnings per share. The company's quarterly revenue was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Equities research analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were given a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce's dividend payout ratio 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.

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