Coordinated Financial Services Inc. CO Invests $269,000 in Salesforce Inc. $CRM

Key Points

• Coordinated Financial Services Inc. acquired 1,001 shares of Salesforce Inc., valued at approximately $269,000, marking a notable investment in the CRM provider.
• CEO Marc Benioff sold 2,250 shares at $257.02 each, totaling about $578,295, while still holding over 11.9 million shares.
• Salesforce's latest quarterly results exceeded expectations, with earnings per share of $2.91, and they declared a quarterly dividend of $0.416 per share.

Coordinated Financial Services Inc. CO purchased a new stake in Salesforce Inc. (NYSE:CRM - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,001 shares of the CRM provider's stock, valued at approximately $269,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Talon Private Wealth LLC grew its stake in shares of Salesforce by 15.7% in the first quarter. Talon Private Wealth LLC now owns 3,324 shares of the CRM provider's stock valued at $892,000 after acquiring an additional 451 shares in the last quarter. TenCore Partners LP grew its stake in Salesforce by 4.5% during the first quarter. TenCore Partners LP now owns 50,693 shares of the CRM provider's stock worth $13,604,000 after buying an additional 2,185 shares in the last quarter. Triavera Capital LLC grew its stake in Salesforce by 6.6% during the first quarter. Triavera Capital LLC now owns 24,073 shares of the CRM provider's stock worth $6,460,000 after buying an additional 1,500 shares in the last quarter. Raab & Moskowitz Asset Management LLC grew its stake in Salesforce by 12.8% during the first quarter. Raab & Moskowitz Asset Management LLC now owns 6,622 shares of the CRM provider's stock worth $1,777,000 after buying an additional 753 shares in the last quarter. Finally, Redwood Financial Network Corp grew its stake in Salesforce by 7.1% during the first quarter. Redwood Financial Network Corp now owns 2,085 shares of the CRM provider's stock worth $560,000 after buying an additional 139 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 brokerages have issued reports on CRM. Stifel Nicolaus reduced their price objective on shares of Salesforce from $375.00 to $325.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Erste Group Bank cut shares of Salesforce from a "buy" rating to a "hold" rating in a report on Thursday, June 5th. UBS Group dropped their target price 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. Wells Fargo & Company dropped their target price on shares of Salesforce from $275.00 to $265.00 and set an "equal weight" rating for the company in a report on Thursday, September 4th. Finally, KeyCorp dropped their target price on shares of Salesforce from $440.00 to $400.00 and set an "overweight" rating for the company in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $332.58.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total transaction of $578,295.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,061,511,978.42. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 68,327 shares of company stock worth $17,450,793. 3.00% of the stock is currently owned by company insiders.

Salesforce Trading Down 3.7%

Salesforce stock traded down $9.44 during mid-day trading on Wednesday, hitting $242.62. 10,071,640 shares of the stock were exchanged, compared to its average volume of 7,550,413. The company has a quick ratio of 1.12, a current 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's fifty day simple moving average is $254.82 and its two-hundred day simple moving average is $265.82. The stock has a market capitalization of $230.98 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 2.30 and a beta of 1.22.

Salesforce (NYSE:CRM - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the business earned $2.56 EPS. The company's 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. Analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be issued a dividend of $0.416 per share. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce's dividend payout ratio (DPR) is presently 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.