Brian Low Financial Group LLC Purchases 3,420 Shares of Salesforce Inc. $CRM

Key Points

• Brian Low Financial Group LLC boosted its Salesforce stake by 261.7% in the first quarter, buying 3,420 additional shares and bringing its total to 4,727 shares worth about $882,000.
• Other institutional investors also increased positions, and overall institutions own 80.43% of Salesforce, underscoring continued large-investor interest in the stock.
• Salesforce reported better-than-expected quarterly results, with EPS of $3.88 versus $3.13 expected and revenue of $11.13 billion, while analysts currently rate the stock Moderate Buy with an average price target of $257.61.

Brian Low Financial Group LLC increased its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 261.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,727 shares of the CRM provider's stock after buying an additional 3,420 shares during the period. Brian Low Financial Group LLC's holdings in Salesforce were worth $882,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in shares of Salesforce by 13.7% in the 4th 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 boosted its position in shares of Salesforce by 12.6% during the 4th 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 during the last quarter. Bison Wealth LLC grew its holdings in shares of Salesforce by 9.0% during the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock worth $747,000 after purchasing an additional 184 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Salesforce by 3.7% during the second quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider's stock worth $807,000 after purchasing an additional 106 shares in the last quarter. Finally, United Bank increased its position in shares of Salesforce by 5.2% in the second quarter. United Bank now owns 10,198 shares of the CRM provider's stock worth $2,781,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 80.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. HSBC raised their target price on shares of Salesforce from $350.00 to $356.00 and gave the company a "buy" rating in a research note on Friday, May 29th. Barclays raised shares of Salesforce from an "overweight" rating to an "overweight" rating in a report on Thursday, June 18th. Citigroup restated a "market outperform" rating on shares of Salesforce in a research report on Thursday, May 28th. Citizens Jmp reaffirmed a "market outperform" rating and set a $315.00 price objective on shares of Salesforce in a report on Thursday, May 28th. Finally, Oppenheimer cut their target price on shares of Salesforce from $275.00 to $250.00 and set an "outperform" rating for the company in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $257.61.

Salesforce Stock Down 0.6%

Shares of CRM opened at $152.45 on Thursday. The firm has a market cap of $124.86 billion, a P/E ratio of 17.64, a P/E/G ratio of 0.96 and a beta of 1.16. The stock has a 50 day simple moving average of $176.37 and a two-hundred day simple moving average of $202.28. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $276.80.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping the consensus estimate of $3.13 by $0.75. The firm had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The business's revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $2.58 earnings per share. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. On average, analysts forecast that Salesforce Inc. will post 10.29 earnings per share for the current fiscal year.

Salesforce announced that its board has initiated a stock repurchase plan on Monday, March 16th that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the CRM provider to repurchase up to 14.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Thursday, June 11th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, June 11th. Salesforce's dividend payout ratio (DPR) is presently 20.37%.

Salesforce Company Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.

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