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MIG Capital LLC Buys 107,200 Shares of Salesforce Inc. $CRM

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MIG Capital LLC increased its position in Salesforce Inc. (NYSE:CRM - Free Report) by 10,720.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 108,200 shares of the CRM provider's stock after acquiring an additional 107,200 shares during the quarter. Salesforce comprises 3.6% of MIG Capital LLC's investment portfolio, making the stock its 15th largest holding. MIG Capital LLC's holdings in Salesforce were worth $29,037,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. purchased a new stake in Salesforce in the 4th quarter worth about $25,000. Accredited Wealth Management LLC purchased a new stake in Salesforce in the 4th quarter worth about $27,000. Wood Tarver Financial Group LLC purchased a new stake in Salesforce in the 4th quarter worth about $35,000. Capital A Wealth Management LLC increased its holdings 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 acquiring an additional 90 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its holdings 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 acquiring an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company's stock.

Salesforce Price Performance

NYSE:CRM traded up $2.1850 during mid-day trading on Friday, reaching $248.0150. The stock had a trading volume of 4,894,221 shares, compared to its average volume of 7,226,546. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a 50 day moving average price of $258.58 and a two-hundred day moving average price of $273.10. The stock has a market capitalization of $237.10 billion, a P/E ratio of 38.81, a P/E/G ratio of 2.24 and a beta of 1.37.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The CRM provider reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.55 by $0.03. Salesforce had a return on equity of 12.94% and a net margin of 16.08%.The business had revenue of $9.83 billion for the quarter, compared to analysts' expectations of $9.74 billion. During the same period in the previous year, the firm earned $2.44 EPS. The business's quarterly revenue was up 7.6% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.270-11.330 EPS. Q2 2026 guidance at 2.760-2.780 EPS. As a group, analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were given a dividend of $0.416 per share. The ex-dividend date was Wednesday, June 18th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce's payout ratio is currently 25.98%.

Insider Buying and Selling at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $246.07, for a total transaction of $553,657.50. Following the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,931,080,275.97. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 52,577 shares of company stock worth $13,528,188 in the last 90 days. Insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

CRM has been the subject of several analyst reports. DA Davidson upgraded Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 target price for the company in a research note on Friday, August 15th. Morgan Stanley restated an "overweight" rating and issued a $404.00 target price (up previously from $393.00) on shares of Salesforce in a research note on Thursday, May 29th. Oppenheimer restated an "outperform" rating and issued a $370.00 target price on shares of Salesforce in a research note on Tuesday, June 10th. BMO Capital Markets cut their target price on Salesforce from $350.00 to $335.00 and set an "outperform" rating for the company in a research note on Thursday, July 10th. Finally, Stifel Nicolaus cut their target price on Salesforce from $375.00 to $325.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Four analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $342.89.

Read Our Latest Stock Analysis on Salesforce

Salesforce Profile

(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.

See Also

Institutional Ownership by Quarter for Salesforce (NYSE:CRM)

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