Leo Wealth LLC Acquires 6,436 Shares of Salesforce Inc. $CRM

Key Points

• Leo Wealth LLC increased its holdings in Salesforce Inc. by 781.1%, acquiring an additional 6,436 shares, bringing its total to 7,260 shares valued at $1,980,000.
• Salesforce's recent quarterly earnings showed an EPS of $2.91, exceeding estimates and revealing a 9.8% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.416 per share, with an ex-dividend date of September 17th, resulting in an annualized dividend yield of 0.7%.

Leo Wealth LLC raised its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 781.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,260 shares of the CRM provider's stock after purchasing an additional 6,436 shares during the quarter. Leo Wealth LLC's holdings in Salesforce were worth $1,980,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Painted Porch Advisors LLC lifted its position in shares of Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Capital A Wealth Management LLC lifted its position in shares of Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after purchasing an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its position in shares of Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after purchasing an additional 85 shares during the last quarter. Abound Financial LLC bought a new stake in shares of Salesforce during the first quarter worth $31,000. Finally, Christopher J. Hasenberg Inc lifted its position in shares of Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock worth $32,000 after purchasing an additional 92 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. UBS Group decreased their price objective on Salesforce from $300.00 to $260.00 and set a "neutral" rating for the company in a report on Monday, August 18th. Roth Capital restated a "buy" rating and issued a $395.00 price objective on shares of Salesforce in a report on Thursday, September 4th. Morgan Stanley lifted their price objective on Salesforce from $404.00 to $405.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. Piper Sandler decreased their price objective on Salesforce from $335.00 to $315.00 and set an "overweight" rating for the company in a report on Thursday, September 4th. Finally, Needham & Company LLC restated a "buy" rating and issued a $400.00 price objective on shares of Salesforce 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 stock. According to MarketBeat, Salesforce currently has an average rating of "Moderate Buy" and a consensus price target of $332.58.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $252.42, for a total transaction of $567,945.00. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $3,006,718,751.82. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director owned 3,824 shares of the company's stock, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 78,750 shares of company stock worth $19,679,535. Corporate insiders own 3.00% of the company's stock.

Salesforce Stock Performance

Shares of Salesforce stock opened at $240.23 on Thursday. The company has a market capitalization of $228.70 billion, a PE ratio of 34.92, a P/E/G ratio of 2.07 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The company has a 50-day simple moving average of $245.13 and a two-hundred day simple moving average of $259.53. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00.

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 (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the company posted $2.56 earnings per share. The company's revenue for the quarter 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. Research analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders 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 dividend yield of 0.7%. Salesforce's dividend payout ratio is 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.

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