Exencial Wealth Advisors LLC Has $13.04 Million Position in Salesforce Inc. $CRM

Key Points

• Exencial Wealth Advisors LLC increased its stake in Salesforce Inc. by 4.0%, holding 47,804 shares valued at approximately $13.04 million as of their latest filing.
• Salesforce's stock saw an insider sale from CEO Marc Benioff, who sold 2,250 shares for a total of $567,630, bringing his total holdings to 11.9 million shares.
• Salesforce recently declared a quarterly dividend of $0.416 per share, equating to a dividend yield of 0.6%, with a payout ratio of 24.13%.

Exencial Wealth Advisors LLC lifted its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,804 shares of the CRM provider's stock after purchasing an additional 1,850 shares during the period. Exencial Wealth Advisors LLC's holdings in Salesforce were worth $13,036,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CRM. Brighton Jones LLC raised its stake in shares of Salesforce by 13.7% in the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock worth $8,582,000 after purchasing an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock valued at $611,000 after purchasing an additional 205 shares during the period. Bison Wealth LLC boosted its holdings in shares of Salesforce by 9.0% in the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock worth $747,000 after acquiring an additional 184 shares during the period. GAMMA Investing LLC grew its position in shares of Salesforce by 13.9% in the first quarter. GAMMA Investing LLC now owns 14,166 shares of the CRM provider's stock valued at $3,802,000 after purchasing an additional 1,725 shares in the last quarter. Finally, Sawgrass Asset Management LLC purchased a new position in shares of Salesforce in the first quarter valued at $265,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Needham & Company LLC reiterated a "buy" rating and issued a $400.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Royal Bank Of Canada reduced their price target on Salesforce from $275.00 to $250.00 and set a "sector perform" rating for the company in a research report on Thursday, September 4th. KeyCorp reduced their price target on Salesforce from $440.00 to $400.00 and set an "overweight" rating for the company in a research report on Thursday, September 4th. Bank of America lowered their price objective on Salesforce from $350.00 to $325.00 and set a "buy" rating on the stock in a research report on Tuesday, August 26th. Finally, Wells Fargo & Company lowered their price target on Salesforce from $275.00 to $265.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 4th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $325.23.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $252.28, for a total value of $567,630.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $3,005,051,131.88. This represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 78,750 shares of company stock valued at $19,448,213. Insiders own 3.00% of the company's stock.

Salesforce Stock Up 3.6%

NYSE CRM opened at $263.51 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $250.86 billion, a PE ratio of 38.30, a PEG ratio of 2.13 and a beta of 1.19. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The business's 50-day moving average is $245.46 and its 200 day moving average is $257.92.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $10.14 billion. During the same period in the previous year, the firm posted $2.56 EPS. The business'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 forecast that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were given a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce's payout ratio is currently 24.13%.

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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