Salesforce Inc. $CRM Shares Bought by Cypress Capital Group

Key Points

• Cypress Capital Group increased its stake in Salesforce by 21.6% during the second quarter, bringing its holdings to 6,039 shares valued at approximately $1.65 million.
• Salesforce reported $2.91 EPS for the last quarter, exceeding analysts' expectations and showing a 9.8% year-over-year revenue growth.
• The company's quarterly dividend was set at $0.416 per share, representing a 0.7% dividend yield, with stockholders receiving it on October 9th.

Cypress Capital Group raised its position in Salesforce Inc. (NYSE:CRM - Free Report) by 21.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,039 shares of the CRM provider's stock after purchasing an additional 1,073 shares during the period. Cypress Capital Group's holdings in Salesforce were worth $1,647,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Painted Porch Advisors LLC grew its holdings in 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 purchasing an additional 65 shares during the last quarter. Capital A Wealth Management LLC boosted its stake in shares of Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $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% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after acquiring an additional 85 shares during the last quarter. Abound Financial LLC acquired a new stake in shares of Salesforce during the first quarter valued at $31,000. Finally, Christopher J. Hasenberg Inc boosted its stake in shares of Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock valued at $32,000 after acquiring an additional 92 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CRM. Royal Bank Of Canada decreased their price objective on Salesforce from $275.00 to $250.00 and set a "sector perform" rating on the stock in a research note on Thursday, September 4th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Salesforce in a research note on Saturday, September 27th. Piper Sandler decreased their price objective on Salesforce from $335.00 to $315.00 and set an "overweight" rating on the stock in a research note on Thursday, September 4th. Oppenheimer decreased their price objective on Salesforce from $370.00 to $315.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 26th. Finally, Sanford C. Bernstein decreased their price objective on Salesforce from $255.00 to $221.00 and set an "underperform" rating on the stock in a research note on Thursday, September 4th. Twenty-six research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $331.89.

Salesforce Stock Down 1.3%

Shares of NYSE:CRM opened at $242.11 on Monday. The stock's 50-day moving average price is $244.68 and its two-hundred day moving average price is $258.64. 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 12-month low of $226.48 and a 12-month high of $369.00. The firm has a market cap of $230.49 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 2.09 and a beta of 1.19.

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

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were issued a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce's dividend payout ratio (DPR) is 24.13%.

Insider Transactions at Salesforce

In other news, Director David Blair Kirk acquired 3,400 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were bought at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director directly owned 3,824 shares in the company, valued at $973,819.84. This trade represents a 801.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $240.34, for a total value of $540,765.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,862,826,974.14. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,500 shares of company stock worth $19,049,130. Company insiders own 3.00% of the company's stock.

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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