Salesforce Inc. $CRM Shares Bought by Mirador Capital Partners LP

Key Points

• Mirador Capital Partners LP increased its stake in Salesforce Inc. by 116.5% in the second quarter, now owning 8,637 shares valued at approximately $2.36 million.
• Salesforce reported earnings of $2.91 per share for the last quarter, surpassing analysts' expectations, and experienced a 9.8% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.416 per share, with a yield of 0.7%, underscoring its commitment to return capital to shareholders.

Mirador Capital Partners LP boosted its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 116.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,637 shares of the CRM provider's stock after purchasing an additional 4,647 shares during the period. Mirador Capital Partners LP's holdings in Salesforce were worth $2,355,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in Salesforce during the 1st quarter worth $2,039,196,000. GAMMA Investing LLC boosted its position in Salesforce by 30,456.9% during the 1st quarter. GAMMA Investing LLC now owns 3,801,588 shares of the CRM provider's stock valued at $1,020,194,000 after purchasing an additional 3,789,147 shares during the period. Longview Partners Guernsey LTD acquired a new position in shares of Salesforce during the first quarter valued at $467,944,000. Pacer Advisors Inc. boosted its stake in Salesforce by 1,744.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider's stock valued at $488,486,000 after purchasing an additional 1,721,550 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Salesforce by 1.6% during the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider's stock worth $23,592,501,000 after buying an additional 1,383,942 shares during the period. Institutional investors and hedge funds own 80.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CRM. Roth Capital reaffirmed a "buy" rating and issued a $395.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Canaccord Genuity Group reduced their price objective on shares of Salesforce from $350.00 to $300.00 and set a "buy" rating for the company in a research note on Thursday, September 4th. Deutsche Bank Aktiengesellschaft reduced their target price on Salesforce from $400.00 to $340.00 and set a "buy" rating for the company in a report on Thursday, September 4th. Bank of America reduced their price target on shares of Salesforce from $350.00 to $325.00 and set a "buy" rating for the company in a research report on Tuesday, August 26th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $430.00 target price on shares of Salesforce in a research report on Tuesday, September 2nd. One equities research 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, Salesforce presently has an average rating of "Moderate Buy" and an average price target of $332.58.

Salesforce Stock Performance

Shares of NYSE CRM opened at $239.09 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The business's 50 day moving average is $251.97 and its two-hundred day moving average is $263.73. The company has a market cap of $227.61 billion, a P/E ratio of 34.75, a P/E/G ratio of 2.21 and a beta of 1.22. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last announced 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 net margin of 16.87% and a return on equity of 13.27%. 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 previous year, the firm posted $2.56 earnings per share. Salesforce's 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, equities analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be issued a dividend of $0.416 per share. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce's payout ratio is presently 24.13%.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total transaction of $578,295.00. Following the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,061,511,978.42. 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 accessible through the SEC website. Also, Director David Blair Kirk acquired 3,400 shares of the stock in a transaction dated 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 completion of the transaction, the director owned 3,824 shares of the company's stock, valued at $973,819.84. This trade represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 75,077 shares of company stock worth $19,099,953 over the last 90 days. Corporate 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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