Mirabaud & Cie SA lifted its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 608.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,695 shares of the CRM provider's stock after buying an additional 5,750 shares during the quarter. Mirabaud & Cie SA's holdings in Salesforce were worth $1,826,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the business. Bernard Wealth Management Corp. acquired a new stake in shares of Salesforce in the fourth quarter worth approximately $25,000. Wood Tarver Financial Group LLC acquired a new stake in shares of Salesforce in the fourth quarter worth approximately $35,000. Capital A Wealth Management LLC boosted its stake 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 acquiring an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its stake 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 acquiring an additional 85 shares during the last quarter. Finally, Abound Financial LLC acquired a new stake in shares of Salesforce in the first quarter worth approximately $31,000. 80.43% of the stock is owned by institutional investors and hedge funds.
Salesforce Stock Performance
Shares of Salesforce stock opened at $242.68 on Monday. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. The business's fifty day simple moving average is $253.21 and its 200-day simple moving average is $264.29. The firm has a market cap of $231.03 billion, a PE ratio of 35.27, a price-to-earnings-growth ratio of 2.21 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.
Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the company posted $2.56 EPS. The company's quarterly 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. Equities analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current year.
Salesforce Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be issued a $0.416 dividend. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce's payout ratio is currently 24.13%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on CRM shares. Stifel Nicolaus lowered their price target on Salesforce from $375.00 to $325.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Morgan Stanley lifted their price target on Salesforce from $404.00 to $405.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. JMP Securities reaffirmed a "market outperform" rating and issued a $430.00 price target on shares of Salesforce in a research note on Tuesday, September 2nd. KeyCorp lowered their price target on Salesforce from $440.00 to $400.00 and set an "overweight" rating on the stock in a research note on Thursday, September 4th. Finally, Wells Fargo & Company lowered their price objective on Salesforce from $275.00 to $265.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Salesforce currently has an average rating of "Moderate Buy" and a consensus price target of $332.58.
Check Out Our Latest Analysis on CRM
Insider Buying and Selling at Salesforce
In other news, Director David Blair Kirk acquired 3,400 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The shares were purchased 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 $973,819.84. This represents a 801.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $246.66, for a total value of $554,985.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $2,938,108,102.86. This represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,577 shares of company stock worth $18,005,778 in the last quarter. Company insiders own 3.00% of the company's stock.
About Salesforce
(
Free Report)
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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