Chemistry Wealth Management LLC Has $2.06 Million Holdings in Salesforce Inc. $CRM

Key Points

• Chemistry Wealth Management increased its Salesforce stake by 62.6% in the second quarter, ending with 13,155 shares valued at approximately $2.06 million. Institutional investors collectively own 80.43% of Salesforce.
• Analyst sentiment remains positive but mixed, with a consensus “Moderate Buy” rating and an average price target of $249.51. Recent targets range from $215 to $315, while Piper Sandler downgraded the stock to “Neutral.”
• Salesforce reported quarterly earnings of $3.88 per share, beating estimates of $3.13, while revenue rose 13.3% year over year to $11.13 billion. The company also pays a quarterly dividend of $0.44, equal to a 0.9% annual yield.

Chemistry Wealth Management LLC increased its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 62.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,155 shares of the CRM provider's stock after acquiring an additional 5,063 shares during the period. Chemistry Wealth Management LLC's holdings in Salesforce were worth $2,061,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of Salesforce by 13.7% during the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock worth $8,582,000 after buying an additional 3,102 shares during 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 boosted its holdings in Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock valued at $747,000 after purchasing an additional 184 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of Salesforce by 3.7% in the second quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider's stock valued at $807,000 after buying an additional 106 shares during the period. Finally, United Bank raised its holdings in Salesforce by 5.2% in the 2nd quarter. United Bank now owns 10,198 shares of the CRM provider's stock valued at $2,781,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Analysts Set New Price Targets

CRM has been the topic of several recent analyst reports. Piper Sandler lowered shares of Salesforce from an "overweight" rating to a "neutral" rating in a report on Thursday, May 28th. BMO Capital Markets decreased their price target on shares of Salesforce from $225.00 to $215.00 and set an "outperform" rating on the stock in a report on Thursday, May 28th. Guggenheim upgraded Salesforce from a "neutral" rating to a "buy" rating and set a $228.00 price target for the company in a research note on Wednesday, July 1st. Barclays raised Salesforce from an "overweight" rating to an "overweight" rating in a research note on Thursday, June 18th. Finally, Citizens Jmp restated a "market outperform" rating and issued a $315.00 price objective on shares of Salesforce in a report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $249.51.

Salesforce Stock Performance

Shares of CRM stock opened at $192.48 on Friday. The company has a market cap of $157.64 billion, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 1.04 and a beta of 1.16. Salesforce Inc. has a 52 week low of $146.32 and a 52 week high of $269.11. The firm has a 50 day moving average of $171.23 and a 200-day moving average of $183.26. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.13 by $0.75. The firm had revenue of $11.13 billion during 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 in the previous 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, equities analysts forecast that Salesforce Inc. will post 10.27 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 11th were given a $0.44 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 annualized dividend and a yield of 0.9%. Salesforce's dividend payout ratio (DPR) is presently 20.37%.

About Salesforce

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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