Naples Global Advisors LLC Purchases 1,381 Shares of Salesforce Inc. $CRM

Key Points

• Naples Global Advisors LLC increased its holdings in Salesforce Inc. by 10.5% during the second quarter, acquiring an additional 1,381 shares to reach a total of 14,501 shares, valued at approximately $3,960,000.
• Salesforce reported earnings of $2.91 per share for the last quarter, exceeding estimates, with revenues of $10.24 billion, marking a 9.8% year-over-year increase.
• The company recently announced a quarterly dividend of $0.416, reflecting an annual yield of 0.7% and a payout ratio of 24.13%.

Naples Global Advisors LLC grew its position in Salesforce Inc. (NYSE:CRM - Free Report) by 10.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,501 shares of the CRM provider's stock after acquiring an additional 1,381 shares during the period. Naples Global Advisors LLC's holdings in Salesforce were worth $3,960,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Painted Porch Advisors LLC raised its stake in shares of Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock valued at $25,000 after acquiring an additional 65 shares during the last quarter. Capital A Wealth Management LLC raised its position in Salesforce by 450.0% in the 1st 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 raised its position in Salesforce by 314.8% in the 1st 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 position in Salesforce in the 1st quarter worth approximately $31,000. Finally, Christopher J. Hasenberg Inc raised its position in Salesforce by 383.3% in the 2nd 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. Institutional investors own 80.43% of the company's stock.

Salesforce Price Performance

Shares of CRM stock opened at $235.72 on Thursday. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The firm has a market capitalization of $224.40 billion, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 2.16 and a beta of 1.19. 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 firm has a fifty day moving average of $247.81 and a 200-day moving average of $260.87.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the business earned $2.56 EPS. The firm'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. On average, equities research analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce's dividend payout ratio is presently 24.13%.

Insiders Place Their Bets

In related news, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $265.77, for a total value of $597,982.50. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $3,165,738,224.67. This represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Blair Kirk bought 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The stock was bought 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 trade represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 78,750 shares of company stock valued at $19,825,358. Company insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Macquarie restated a "neutral" rating and issued a $290.00 price objective on shares of Salesforce in a research report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Salesforce from $400.00 to $340.00 and set a "buy" rating for the company in a report on Thursday, September 4th. Citigroup lifted their target price on shares of Salesforce from $275.00 to $276.00 and gave the stock a "neutral" rating in a report on Tuesday, September 9th. Robert W. Baird lowered their target price on shares of Salesforce from $365.00 to $325.00 and set an "outperform" rating for the company in a report on Thursday, September 4th. Finally, Bank of America lowered their target price on shares of Salesforce from $350.00 to $325.00 and set a "buy" rating for the company in a report on Tuesday, August 26th. Twenty-six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Salesforce presently has an average rating of "Moderate Buy" and an average price target 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.

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