Salesforce Inc. $CRM Stock Position Raised by Wealth Alliance Advisory Group LLC

Key Points

• Wealth Alliance Advisory Group LLC increased its Salesforce holdings by 60.2%, owning 8,415 shares valued at approximately $2.3 million as of its latest SEC filing.
• Salesforce reported a 9.8% year-over-year increase in revenue, reaching $10.24 billion for the most recent quarter, with an EPS of $2.91, surpassing estimates.
• The company declared a quarterly dividend of $0.416 per share, with a payout ratio of 24.13%, scheduled for payment on October 9th.

Wealth Alliance Advisory Group LLC lifted its position in Salesforce Inc. (NYSE:CRM - Free Report) by 60.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,415 shares of the CRM provider's stock after acquiring an additional 3,161 shares during the period. Wealth Alliance Advisory Group LLC's holdings in Salesforce were worth $2,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Salesforce by 13.7% during the 4th 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 increased its stake in shares of Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock worth $611,000 after buying an additional 205 shares during the period. Bison Wealth LLC lifted its position in shares of Salesforce by 9.0% during the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock worth $747,000 after purchasing an additional 184 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in Salesforce by 584.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 12,025 shares of the CRM provider's stock worth $4,020,000 after buying an additional 10,269 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC acquired a new position in Salesforce in the fourth quarter valued at approximately $268,000. Hedge funds and other institutional investors own 80.43% of the company's stock.

Analysts Set New Price Targets

CRM has been the subject of a number of research reports. BMO Capital Markets reduced their price objective on Salesforce from $335.00 to $280.00 and set an "outperform" rating for the company in a research note on Thursday, September 4th. Wells Fargo & Company dropped their price objective on Salesforce from $275.00 to $265.00 and set an "equal weight" rating on the stock in a report on Thursday, September 4th. Cantor Fitzgerald reissued an "overweight" rating and set a $325.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Northland Securities cut their target price on shares of Salesforce from $423.00 to $396.00 and set an "outperform" rating for the company in a research report on Thursday, May 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Salesforce from $400.00 to $340.00 and set a "buy" rating on the stock in a research report on Thursday, September 4th. One research 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 given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $332.58.

Insider Buying and Selling at Salesforce

In other Salesforce news, Director David Blair Kirk purchased 3,400 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the acquisition, the director owned 3,824 shares in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $243.91, for a total value of $548,797.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,905,351,282.61. This represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 72,827 shares of company stock worth $18,554,576 over the last ninety days. 3.00% of the stock is owned by corporate insiders.

Salesforce Stock Down 0.2%

Shares of NYSE:CRM traded down $0.43 during mid-day trading on Monday, hitting $242.33. 7,191,474 shares of the company traded hands, compared to its average volume of 9,753,270. The firm has a market cap of $230.70 billion, a P/E ratio of 35.22, a PEG ratio of 2.21 and a beta of 1.22. The firm's 50 day simple moving average is $253.21 and its 200 day simple moving average is $264.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the business earned $2.56 EPS. The firm's revenue for the quarter 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 anticipate 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. Investors of record on Wednesday, September 17th will be given a dividend of $0.416 per share. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce's payout ratio is currently 24.13%.

About Salesforce

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.