Salesforce Inc. $CRM Shares Acquired by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners LLC increased its holdings in Salesforce Inc. by 5.5%, owning 22,340 shares valued at approximately $6.09 million at the end of Q2.
• Salesforce reported earnings per share (EPS) of $2.91 for the most recent quarter, exceeding analysts' estimates of $2.78, along with a 9.8% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.416 per share, with a yield of 0.7%, to be paid on October 9th.

Venture Visionary Partners LLC increased its position in Salesforce Inc. (NYSE:CRM - Free Report) by 5.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,340 shares of the CRM provider's stock after buying an additional 1,164 shares during the quarter. Venture Visionary Partners LLC's holdings in Salesforce were worth $6,092,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CRM. Brighton Jones LLC lifted its holdings in shares of Salesforce by 13.7% in 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 during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Salesforce by 12.6% in 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 during the period. Bison Wealth LLC lifted its holdings in shares of Salesforce by 9.0% in 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 during the period. JGP Wealth Management LLC raised its position in shares of Salesforce by 15.4% during the first quarter. JGP Wealth Management LLC now owns 1,288 shares of the CRM provider's stock worth $346,000 after purchasing an additional 172 shares during the period. Finally, American National Bank & Trust raised its position in shares of Salesforce by 14.2% during the first quarter. American National Bank & Trust now owns 1,810 shares of the CRM provider's stock worth $486,000 after purchasing an additional 225 shares during the period. Institutional investors and hedge funds own 80.43% of the company's stock.

Insiders Place Their Bets

In other Salesforce news, Director David Blair Kirk purchased 3,400 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average cost of $254.66 per share, with a total value of $865,844.00. Following the acquisition, the director directly owned 3,824 shares of the company's stock, valued at approximately $973,819.84. This trade represents a 801.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction on Friday, September 26th. The shares were sold at an average price of $242.91, for a total value of $546,547.50. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $2,893,439,711.61. This represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,750 shares of company stock valued at $19,889,213 over the last ninety days. Insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CRM. Citigroup boosted their target price on Salesforce from $275.00 to $276.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 9th. KeyCorp cut their target price on Salesforce from $440.00 to $400.00 and set an "overweight" rating on the stock in a research report on Thursday, September 4th. Canaccord Genuity Group cut their target price on Salesforce from $350.00 to $300.00 and set a "buy" rating on the stock in a research report on Thursday, September 4th. Wells Fargo & Company cut their target price on Salesforce from $275.00 to $265.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 4th. Finally, Barclays cut their target price on Salesforce from $347.00 to $316.00 and set an "overweight" rating on the stock in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $332.58.

Salesforce Trading Up 0.6%

Shares of CRM opened at $244.95 on Tuesday. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The stock has a 50 day simple moving average of $248.98 and a 200-day simple moving average of $261.22. The stock has a market cap of $233.19 billion, a PE ratio of 35.60, a PEG ratio of 2.22 and a beta of 1.22.

Salesforce (NYSE:CRM - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $10.14 billion. During the same period in the prior year, the firm posted $2.56 EPS. Salesforce'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. On average, sell-side analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

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

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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