GDS Wealth Management Purchases 2,173 Shares of Salesforce Inc. $CRM

Key Points

• GDS Wealth Management increased its stake in Salesforce Inc. by 3.6%, acquiring an additional 2,173 shares, bringing its total holdings to 62,939 shares valued at approximately $16.89 million.
• Salesforce exceeded earnings expectations with $2.58 EPS for the last quarter, above the consensus estimate of $2.55, and reported a revenue of $9.83 billion.
• A number of analyst firms have recently revised their price targets for Salesforce, with a general consensus showing an average target of $342.89 and an overall rating of "Moderate Buy."

GDS Wealth Management grew its position in Salesforce Inc. (NYSE:CRM - Free Report) by 3.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,939 shares of the CRM provider's stock after purchasing an additional 2,173 shares during the quarter. Salesforce makes up about 1.4% of GDS Wealth Management's portfolio, making the stock its 26th largest position. GDS Wealth Management's holdings in Salesforce were worth $16,890,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Coign Capital Advisors LLC lifted its position in shares of Salesforce by 1.7% during the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider's stock worth $586,000 after purchasing an additional 37 shares during the last quarter. Staley Capital Advisers Inc. lifted its position in shares of Salesforce by 1.1% during the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider's stock valued at $897,000 after buying an additional 38 shares during the last quarter. Liberty One Investment Management LLC lifted its position in shares of Salesforce by 1.2% during the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider's stock valued at $849,000 after buying an additional 39 shares during the last quarter. First Command Advisory Services Inc. lifted its position in shares of Salesforce by 7.3% during the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider's stock valued at $154,000 after buying an additional 39 shares during the last quarter. Finally, Mendel Money Management increased its holdings in shares of Salesforce by 3.6% during the first quarter. Mendel Money Management now owns 1,112 shares of the CRM provider's stock valued at $298,000 after acquiring an additional 39 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Salesforce Price Performance

Shares of CRM opened at $245.6070 on Wednesday. The firm has a market cap of $234.80 billion, a price-to-earnings ratio of 38.44, a PEG ratio of 2.21 and a beta of 1.37. The stock has a 50 day moving average of $259.40 and a 200-day moving average of $273.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.55 by $0.03. Salesforce had a return on equity of 12.94% and a net margin of 16.08%.The business had revenue of $9.83 billion during the quarter, compared to analyst estimates of $9.74 billion. During the same quarter in the previous year, the firm posted $2.44 EPS. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.270-11.330 EPS. Q2 2026 guidance at 2.760-2.780 EPS. As a group, analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.416 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce's payout ratio is 25.98%.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Monday, August 18th. The stock was sold at an average price of $242.44, for a total transaction of $545,490.00. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,887,841,273.24. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 51,032 shares of company stock worth $13,171,536 over the last quarter. 3.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CRM. Royal Bank Of Canada reiterated a "sector perform" rating and set a $275.00 target price on shares of Salesforce in a research report on Monday. BMO Capital Markets decreased their price objective on Salesforce from $350.00 to $335.00 and set an "outperform" rating on the stock in a report on Thursday, July 10th. Northland Securities cut their target price on Salesforce from $423.00 to $396.00 and set an "outperform" rating for the company in a research note on Thursday, May 29th. Citigroup cut their target price on Salesforce from $320.00 to $295.00 and set a "neutral" rating for the company in a research note on Friday, May 30th. Finally, Needham & Company LLC reissued a "buy" rating and set a $400.00 price objective on shares of Salesforce in a research report on Wednesday, May 28th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Salesforce currently has an average rating of "Moderate Buy" and an average price target of $342.89.

Salesforce 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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