M & L Capital Management Ltd Makes New $3 Million Investment in Salesforce Inc. $CRM

Key Points

• M & L Capital Management Ltd has made a new investment of approximately $3 million in Salesforce Inc., acquiring 11,000 shares of the company in the second quarter, which represents around 0.7% of its total holdings.
• Salesforce's recent quarterly earnings results beat expectations with an EPS of $2.91 on revenues of $10.24 billion, reflecting a year-over-year revenue increase of 9.8%.
• Analysts exhibit a generally favorable outlook, with many rating Salesforce as a Moderate Buy, despite fluctuations in target prices, the consensus average target is around $332.58.

M & L Capital Management Ltd bought a new position in Salesforce Inc. (NYSE:CRM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,000 shares of the CRM provider's stock, valued at approximately $3,000,000. Salesforce accounts for approximately 0.7% of M & L Capital Management Ltd's holdings, making the stock its 14th biggest position.

A number of other hedge funds have also made changes to their positions in CRM. Bernard Wealth Management Corp. purchased a new stake in shares of Salesforce in the fourth quarter worth approximately $25,000. Capital A Wealth Management LLC lifted its position in shares of Salesforce by 450.0% in 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 in the last quarter. CBIZ Investment Advisory Services LLC lifted its position in shares of Salesforce by 314.8% in 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 in the last quarter. Abound Financial LLC purchased a new stake in shares of Salesforce in the first quarter worth approximately $31,000. Finally, Wood Tarver Financial Group LLC purchased a new stake in shares of Salesforce in the fourth quarter worth approximately $35,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Oppenheimer reduced their price target on shares of Salesforce from $370.00 to $315.00 and set an "outperform" rating for the company in a research report on Tuesday, August 26th. DA Davidson upgraded shares of 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. Westpark Capital reiterated a "buy" rating and issued a $320.00 target price on shares of Salesforce in a research note on Wednesday, May 28th. Royal Bank Of Canada reduced their target price on shares of Salesforce from $275.00 to $250.00 and set a "sector perform" rating for the company in a research note on Thursday, September 4th. Finally, Erste Group Bank cut shares of Salesforce from a "buy" rating to a "hold" rating in a research note on Thursday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $332.58.

Salesforce Trading Down 1.5%

NYSE:CRM opened at $242.68 on Friday. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The firm has a market cap of $231.03 billion, a price-to-earnings ratio of 35.27, a P/E/G ratio of 2.24 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. The company's 50 day moving average is $253.21 and its 200-day moving average is $264.50.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the firm posted $2.56 earnings per share. The company's quarterly revenue 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. Equities analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

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 paid a $0.416 dividend. 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 (DPR) is presently 24.13%.

Insider Buying and Selling at Salesforce

In related news, Director David Blair Kirk acquired 3,400 shares of the stock in a transaction dated Tuesday, September 9th. The shares were acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director owned 3,824 shares in the company, valued at approximately $973,819.84. The trade was a 801.89% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $246.66, for a total transaction of $554,985.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,938,108,102.86. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,577 shares of company stock worth $18,005,778. 3.00% of the stock is currently owned by corporate insiders.

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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