Paragon Private Wealth Management LLC Sells 3,182 Shares of Salesforce Inc. $CRM

Key Points

• Paragon Private Wealth Management cut its Salesforce stake by 62%: The firm sold 3,182 shares in the second quarter and retained 1,953 shares valued at approximately $306,000. Institutional investors collectively own 80.43% of Salesforce.
• Salesforce delivered strong quarterly results: Revenue increased 10.8% year over year to $11.35 billion, while adjusted EPS of $5.90 significantly exceeded the $3.27 consensus estimate. The company’s AI partnerships, including its Anthropic integration, are supporting expectations for further growth.
• Analysts remain broadly positive, but expectations are elevated: Salesforce has a “Moderate Buy” consensus rating and an average price target of $266.50, while shares recently traded near their 52-week high. Investors will be watching whether Agentforce and other AI offerings translate into sustained revenue acceleration.

Paragon Private Wealth Management LLC trimmed its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 62.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,953 shares of the CRM provider's stock after selling 3,182 shares during the period. Paragon Private Wealth Management LLC's holdings in Salesforce were worth $306,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Safeguard Investment Advisory Group LLC lifted its holdings in Salesforce by 15.8% in the 2nd quarter. Safeguard Investment Advisory Group LLC now owns 1,681 shares of the CRM provider's stock worth $263,000 after buying an additional 229 shares during the period. Nykredit A S purchased a new stake in shares of Salesforce in the 2nd quarter worth about $52,087,000. Hudson Portfolio Management LLC bought a new position in shares of Salesforce in the 2nd quarter worth about $255,000. SkyOak Wealth LLC grew its stake in shares of Salesforce by 8.0% in the 2nd quarter. SkyOak Wealth LLC now owns 1,345 shares of the CRM provider's stock worth $211,000 after buying an additional 100 shares during the last quarter. Finally, Symphony Financial Ltd. Co. increased its position in Salesforce by 11.5% during the 2nd quarter. Symphony Financial Ltd. Co. now owns 5,256 shares of the CRM provider's stock valued at $828,000 after buying an additional 540 shares in the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce News Summary

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Anthropic partnership strengthens AI outlook: Salesforce and Anthropic launched “Claudeforce,” integrating Claude AI into Salesforce’s platform. The partnership is viewed as a potential source of new revenue, improved Agentforce adoption and access to additional enterprise customers. Salesforce partners with Anthropic to integrate Claude AI into its ecosystem
• Positive Sentiment: Strong quarterly performance and higher guidance: Salesforce reported $11.35 billion in quarterly revenue, up 10.8% year over year, and adjusted earnings of $5.90 per share versus the $3.27 consensus estimate. Current remaining performance obligations rose 14%, while management’s increased fiscal-year outlook supports expectations for accelerating growth. Salesforce: Proving That AI Needs A Software Partner
• Positive Sentiment: Analysts raised targets: Cantor Fitzgerald lifted its target to $300, BTIG reaffirmed a Buy rating with a $300 target, and Needham maintained its Buy rating while setting a $400 target. The revisions indicate that analysts see improving business trends and further upside from Salesforce’s AI offerings. BTIG says it is incrementally confident in improving business trends
• Positive Sentiment: Enterprise software rebound provides a tailwind: Salesforce is participating in a broader recovery in enterprise software stocks as bearish positions unwind and investors rotate back toward established AI beneficiaries. Jim Cramer breaks down the enterprise software rebound
• Neutral Sentiment: Quarterly dividend declared: Salesforce’s board approved a $0.44-per-share cash dividend, payable October 8 to shareholders of record September 17. The payment adds shareholder income but is unlikely to be the primary driver of the stock’s move. Salesforce Announces Quarterly Dividend
• Negative Sentiment: Execution expectations are rising: After a sharp rally, investors will expect Salesforce to convert Agentforce and Claudeforce interest into sustained revenue acceleration. Elevated expectations and the stock’s proximity to its yearly high could increase sensitivity to any signs of slower adoption or weaker guidance.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CRM shares. Barclays raised their price target on Salesforce from $236.00 to $276.00 and gave the stock an "overweight" rating in a research note on Thursday, August 27th. BTIG Research reissued a "buy" rating and issued a $300.00 price objective on shares of Salesforce in a research note on Wednesday. Wall Street Zen cut shares of Salesforce from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Royal Bank Of Canada upped their target price on Salesforce from $210.00 to $250.00 and gave the stock a "sector perform" rating in a report on Thursday, August 27th. Finally, UBS Group increased their target price on Salesforce from $210.00 to $240.00 and gave the company a "neutral" rating in a research report on Thursday, August 27th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $266.50.

Salesforce Stock Up 2.8%

Shares of CRM stock opened at $264.13 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $217.38 billion, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 1.19 and a beta of 1.20. The stock's fifty day moving average price is $189.85 and its 200 day moving average price is $184.47. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $269.11.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $2.63. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The firm had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.33 billion. During the same quarter in the prior year, the company posted $2.91 earnings per share. The company's revenue for the quarter was up 10.8% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. On average, research analysts expect that Salesforce Inc. will post 12.64 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, September 17th. Salesforce's dividend payout ratio (DPR) is currently 16.04%.

Salesforce Company Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.

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