Dakota Wealth Management Acquires 23,287 Shares of Salesforce Inc. $CRM

Key Points

• Dakota Wealth Management increased its stake in Salesforce by 321.6%, acquiring 23,287 shares in the second quarter, bringing its total holdings to 30,527 shares valued at $8.32 million.
• Salesforce's revenue rose by 9.8% year-over-year, with reported earnings of $2.91 EPS exceeding estimates, and the company has set a FY 2026 guidance of 11.330-11.370 EPS.
• Salesforce recently declared a quarterly dividend of $0.416 per share, with a dividend yield of 0.7%, scheduled for payment on October 9th.

Dakota Wealth Management lifted its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 321.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,527 shares of the CRM provider's stock after acquiring an additional 23,287 shares during the quarter. Dakota Wealth Management's holdings in Salesforce were worth $8,324,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Diversified Trust Co grew its holdings in Salesforce by 30.1% in the 2nd quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider's stock valued at $7,577,000 after buying an additional 6,430 shares in the last quarter. Neville Rodie & Shaw Inc. increased its stake in Salesforce by 4.6% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider's stock worth $16,353,000 after acquiring an additional 2,644 shares during the period. AG2R LA Mondiale Gestion D Actifs acquired a new stake in Salesforce during the first quarter worth about $9,367,000. Jones Financial Companies Lllp grew its stake in Salesforce by 31.2% during the first quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider's stock worth $93,016,000 after buying an additional 81,916 shares in the last quarter. Finally, Wesbanco Bank Inc. grew its stake in Salesforce by 6.8% during the second quarter. Wesbanco Bank Inc. now owns 110,968 shares of the CRM provider's stock worth $30,260,000 after buying an additional 7,091 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 subject of several recent analyst reports. Cantor Fitzgerald restated an "overweight" rating and set a $325.00 target price on shares of Salesforce in a research note on Thursday, September 4th. DA Davidson upgraded Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 target price for the company in a research note on Friday, August 15th. Piper Sandler dropped their target price on shares of Salesforce from $335.00 to $315.00 and set an "overweight" rating for the company in a report on Thursday, September 4th. Robert W. Baird dropped their target price on shares of Salesforce from $365.00 to $325.00 and set an "outperform" rating for the company in a report on Thursday, September 4th. Finally, Citigroup increased their target price on shares of Salesforce from $275.00 to $276.00 and gave the stock a "neutral" rating in a report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $332.58.

Salesforce Price Performance

Shares of NYSE CRM opened at $245.85 on Thursday. The firm has a fifty day simple moving average of $250.07 and a 200 day simple moving average of $262.14. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The company has a market capitalization of $234.05 billion, a PE ratio of 35.73, a P/E/G ratio of 2.23 and a beta of 1.22. 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 (NYSE:CRM - Get Free Report) last issued its 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. The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. Salesforce's revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, sell-side analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be paid a dividend of $0.416 per share. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce's payout ratio is 24.13%.

Insider Buying and Selling at Salesforce

In other news, Director David Blair Kirk acquired 3,400 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the purchase, the director owned 3,824 shares in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $269.38, for a total value of $606,105.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares of the company's stock, valued at $3,208,738,995.98. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,500 shares of company stock worth $19,402,583. Company insiders own 3.00% of the company's stock.

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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