Salesforce Inc. $CRM Shares Purchased by Pallas Capital Advisors LLC

Key Points

• Pallas Capital Advisors LLC increased its stake in Salesforce Inc. by 4.8%, owning 41,159 shares valued at approximately $11.22 million after purchasing an additional 1,874 shares.
• In recent research reports, analysts have given Salesforce a consensus rating of "Moderate Buy" with a price target around $332.58, while numerous ratings suggest strong interest in the stock.
• Salesforce's quarterly dividend of $0.416 will be paid on October 9th, with the stock currently reflecting a 0.7% dividend yield.

Pallas Capital Advisors LLC grew its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 4.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,159 shares of the CRM provider's stock after purchasing an additional 1,874 shares during the period. Pallas Capital Advisors LLC's holdings in Salesforce were worth $11,224,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Salesforce during the 1st quarter valued at approximately $9,367,000. Jones Financial Companies Lllp lifted its position in shares of Salesforce by 31.2% during the 1st quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider's stock valued at $93,016,000 after buying an additional 81,916 shares in the last quarter. Strs Ohio purchased a new position in shares of Salesforce during the 1st quarter valued at approximately $100,472,000. Integrity Alliance LLC. lifted its holdings in Salesforce by 567.6% in the 1st quarter. Integrity Alliance LLC. now owns 7,737 shares of the CRM provider's stock valued at $2,076,000 after purchasing an additional 6,578 shares in the last quarter. Finally, Siren L.L.C. purchased a new position in Salesforce in the 1st quarter valued at $3,918,000. Hedge funds and other institutional investors own 80.43% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CRM shares. Needham & Company LLC restated a "buy" rating and issued a $400.00 price objective on shares of Salesforce in a report on Thursday, September 4th. Northland Securities decreased their price objective on Salesforce from $423.00 to $396.00 and set an "outperform" rating on the stock in a report on Thursday, May 29th. Roth Capital restated a "buy" rating and issued a $395.00 price objective on shares of Salesforce in a report on Thursday, September 4th. Stifel Nicolaus decreased their price objective on Salesforce from $375.00 to $325.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. Finally, Morgan Stanley raised their price objective on Salesforce from $404.00 to $405.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $332.58.

Insider Activity

In other Salesforce news, Director David Blair Kirk bought 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 completion of the purchase, the director directly owned 3,824 shares in the company, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $578,295.00. Following the sale, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $3,061,511,978.42. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,077 shares of company stock valued at $19,099,953 in the last quarter. Company insiders own 3.00% of the company's stock.

Salesforce Stock Performance

Shares of CRM opened at $239.09 on Wednesday. The stock has a 50-day simple moving average of $251.97 and a 200-day simple moving average of $263.73. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $227.61 billion, a PE ratio of 34.75, a PEG ratio of 2.21 and a beta of 1.22. Salesforce Inc. has a 1 year low of $226.48 and a 1 year 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 (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. The business had revenue of $10.24 billion during the quarter, compared to analysts' expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $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, analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal 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 paid a $0.416 dividend. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce's dividend payout ratio (DPR) is presently 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.

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