MBB Public Markets I LLC Invests $302,000 in Salesforce Inc. $CRM

Key Points

• MBB Public Markets I LLC has made a new investment in Salesforce Inc., purchasing 1,126 shares valued at approximately $302,000.
• Salesforce recently reported a 9.8% year-over-year revenue increase for the quarter, with earnings per share of $2.91, exceeding analyst estimates.
• The company announced a quarterly dividend of $0.416, set to be paid on October 9th, reflecting a 0.7% yield.

MBB Public Markets I LLC purchased a new position in Salesforce Inc. (NYSE:CRM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,126 shares of the CRM provider's stock, valued at approximately $302,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC boosted its stake in Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock valued at $8,582,000 after buying an additional 3,102 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake 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 buying an additional 205 shares in the last quarter. Bison Wealth LLC boosted its stake in Salesforce by 9.0% during the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock valued at $747,000 after buying an additional 184 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Salesforce by 1.3% during the fourth quarter. Nuveen Asset Management LLC now owns 8,598,989 shares of the CRM provider's stock valued at $2,874,900,000 after buying an additional 114,278 shares in the last quarter. Finally, NorthRock Partners LLC boosted its stake in Salesforce by 93.3% during the fourth quarter. NorthRock Partners LLC now owns 22,390 shares of the CRM provider's stock valued at $7,486,000 after buying an additional 10,807 shares in the last quarter. Institutional investors own 80.43% of the company's stock.

Insider Activity

In related news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $251.12, for a total value of $565,020.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $2,991,233,709.52. This represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average cost of $254.66 per share, with a total value 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. This represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 68,327 shares of company stock valued at $17,450,793. Company insiders own 3.00% of the company's stock.

Salesforce Stock Down 3.7%

Shares of Salesforce stock opened at $242.62 on Thursday. The stock has a 50-day moving average price of $254.29 and a 200 day moving average price of $265.66. The company has a market cap of $230.98 billion, a P/E ratio of 35.26, a P/E/G ratio of 2.30 and a beta of 1.22. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be paid a $0.416 dividend. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce's dividend payout ratio is currently 24.13%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CRM shares. Roth Capital reaffirmed a "buy" rating and set a $395.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Barclays decreased their target price on Salesforce from $347.00 to $316.00 and set an "overweight" rating for the company in a research note on Monday, August 18th. Morgan Stanley raised their target price on Salesforce from $404.00 to $405.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Piper Sandler decreased their price target on Salesforce from $335.00 to $315.00 and set an "overweight" rating for the company in a research report on Thursday, September 4th. Finally, JPMorgan Chase & Co. decreased their price target on Salesforce from $380.00 to $365.00 and set an "overweight" rating for the company in a research report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given 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 presently has an average rating of "Moderate Buy" and an average target price of $332.58.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.