Cypress Wealth Services LLC bought a new position in shares of Salesforce Inc. (NYSE:CRM - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,969 shares of the CRM provider's stock, valued at approximately $810,000.
Other large investors also recently modified their holdings of the company. Painted Porch Advisors LLC boosted its position in shares of Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock valued at $25,000 after acquiring an additional 65 shares during the period. Capital A Wealth Management LLC raised its stake in Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its stake in Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 85 shares in the last quarter. Abound Financial LLC purchased a new stake in Salesforce in the first quarter valued at approximately $31,000. Finally, Christopher J. Hasenberg Inc raised its stake in Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock valued at $32,000 after purchasing an additional 92 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors.
Salesforce Stock Performance
Shares of Salesforce stock opened at $248.77 on Tuesday. The stock has a market cap of $236.83 billion, a price-to-earnings ratio of 36.16, a PEG ratio of 2.09 and a beta of 1.19. The firm's 50-day moving average is $244.61 and its 200 day moving average is $258.49. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12.
Salesforce (NYSE:CRM - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the firm earned $2.56 EPS. Salesforce's revenue was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Sell-side analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.
Salesforce Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were given a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce's dividend payout ratio is currently 24.13%.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. DA Davidson raised shares of Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 target price on the stock in a research note on Friday, August 15th. Bank of America decreased their price target on shares of Salesforce from $350.00 to $325.00 and set a "buy" rating on the stock in a research note on Tuesday, August 26th. Morgan Stanley lifted their price target on shares of Salesforce from $404.00 to $405.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Canaccord Genuity Group decreased their price target on shares of Salesforce from $350.00 to $300.00 and set a "buy" rating on the stock in a research note on Thursday, September 4th. Finally, Wells Fargo & Company cut their target price on shares of Salesforce from $275.00 to $265.00 and set an "equal weight" rating on the stock in a report on Thursday, September 4th. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Salesforce presently has an average rating of "Moderate Buy" and an average price target of $331.89.
Check Out Our Latest Stock Analysis on Salesforce
Insider Buying and Selling
In other news, Director David Blair Kirk purchased 3,400 shares of the company's stock in a transaction dated Tuesday, September 9th. The shares were acquired at an average price of $254.66 per share, with a total value of $865,844.00. Following the transaction, the director owned 3,824 shares of the company's stock, valued at $973,819.84. This represents a 801.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $240.34, for a total value of $540,765.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $2,862,826,974.14. This represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,500 shares of company stock valued at $19,049,130 over the last quarter. Corporate insiders own 3.00% of the company's stock.
Salesforce Company Profile
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Free Report)
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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