Salesforce Inc. $CRM Shares Purchased by Belpointe Asset Management LLC

Key Points

• Belpointe Asset Management LLC increased its stake in Salesforce by 91.4%, owning 7,735 shares valued at over $2 million, signaling strong institutional interest in the stock.
• Salesforce reported an earnings per share of $2.91 for the last quarter, surpassing analysts' expectations, with a revenue of $10.24 billion, indicating strong growth.
• Analyst ratings have varied, with one Strong Buy, 26 Buy, 10 Hold, and one Sell rating, and a consensus target price of $332.58, showing overall positive market sentiment.

Belpointe Asset Management LLC lifted its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 91.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 7,735 shares of the CRM provider's stock after acquiring an additional 3,694 shares during the quarter. Belpointe Asset Management LLC's holdings in Salesforce were worth $2,077,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Salesforce by 1.6% during the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Salesforce by 6.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider's stock worth $2,484,616,000 after buying an additional 600,386 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Salesforce by 5.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider's stock worth $2,419,037,000 after buying an additional 437,435 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Salesforce by 7.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,658,132 shares of the CRM provider's stock worth $2,894,673,000 after buying an additional 602,445 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in Salesforce by 1.3% during the 4th quarter. Nuveen Asset Management LLC now owns 8,598,989 shares of the CRM provider's stock worth $2,874,900,000 after buying an additional 114,278 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRM has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Salesforce from $400.00 to $340.00 and set a "buy" rating on the stock in a report on Thursday, September 4th. Bank of America dropped their price objective on shares of Salesforce from $350.00 to $325.00 and set a "buy" rating on the stock in a research report on Tuesday, August 26th. DA Davidson raised shares of Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 price objective on the stock in a research report on Friday, August 15th. Roth Capital reissued a "buy" rating and issued a $395.00 price objective on shares of Salesforce in a research report on Thursday, September 4th. Finally, KeyCorp dropped their price objective on shares of Salesforce from $440.00 to $400.00 and set an "overweight" rating on the stock in a research report on Thursday, September 4th. 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 given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $332.58.

Salesforce Trading Down 3.7%

NYSE CRM opened at $242.62 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The firm's fifty day moving average price is $254.29 and its 200 day moving average price is $265.66. The company has a market capitalization of $230.98 billion, a price-to-earnings ratio of 35.26, a price-to-earnings-growth ratio of 2.30 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 issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to analysts' expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. Salesforce's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.56 EPS. 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 expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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 paid 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 dividend payout ratio is currently 24.13%.

Insiders Place Their Bets

In other Salesforce news, Director David Blair Kirk purchased 3,400 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the purchase, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $251.12, for a total transaction of $565,020.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,991,233,709.52. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,327 shares of company stock valued at $17,450,793. 3.00% of the stock is owned by company insiders.

Salesforce Company 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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