Sandhill Capital Partners LLC Takes $4.49 Million Position in Salesforce Inc. $CRM

Key Points

• Sandhill Capital Partners LLC has acquired a new position in Salesforce Inc., purchasing 16,731 shares valued at approximately $4.49 million in the first quarter.
• Salesforce reported $2.58 EPS for the recent quarter, exceeding estimates, with revenue of $9.83 billion, marking a 7.6% year-over-year increase.
• Institutional investors own 80.43% of Salesforce stock, while several analysts have issued mixed ratings and adjusted price targets for the stock.

Sandhill Capital Partners LLC acquired a new position in Salesforce Inc. (NYSE:CRM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,731 shares of the CRM provider's stock, valued at approximately $4,490,000.

Several other institutional investors also recently bought and sold shares of CRM. TFB Advisors LLC boosted its stake in shares of Salesforce by 4.7% during the 1st quarter. TFB Advisors LLC now owns 2,119 shares of the CRM provider's stock worth $569,000 after acquiring an additional 95 shares in the last quarter. Knollwood Investment Advisory LLC boosted its position in Salesforce by 0.6% during the first quarter. Knollwood Investment Advisory LLC now owns 27,482 shares of the CRM provider's stock worth $7,375,000 after purchasing an additional 170 shares during the period. Aspire Growth Partners LLC grew its holdings in Salesforce by 15.7% during the first quarter. Aspire Growth Partners LLC now owns 3,469 shares of the CRM provider's stock valued at $965,000 after purchasing an additional 472 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Salesforce by 17.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,687,825 shares of the CRM provider's stock valued at $452,945,000 after purchasing an additional 252,468 shares during the period. Finally, GDS Wealth Management boosted its holdings in shares of Salesforce by 3.6% during the 1st quarter. GDS Wealth Management now owns 62,939 shares of the CRM provider's stock worth $16,890,000 after buying an additional 2,173 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Salesforce Trading Up 0.7%

Shares of CRM opened at $245.6070 on Wednesday. The stock's fifty day simple moving average is $259.40 and its 200-day simple moving average is $273.94. The firm has a market capitalization of $234.80 billion, a PE ratio of 38.44, a price-to-earnings-growth ratio of 2.21 and a beta of 1.37. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The CRM provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.55 by $0.03. The company had revenue of $9.83 billion during the quarter, compared to analysts' expectations of $9.74 billion. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. Salesforce's revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.44 EPS. 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, research analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were paid a $0.416 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce's dividend payout ratio is 25.98%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group lowered their price target on Salesforce from $400.00 to $350.00 and set a "buy" rating on the stock in a research report on Wednesday, May 28th. The Goldman Sachs Group boosted their target price on shares of Salesforce from $340.00 to $385.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Citigroup decreased their target price on Salesforce from $320.00 to $295.00 and set a "neutral" rating on the stock in a research report on Friday, May 30th. Royal Bank Of Canada reissued a "sector perform" rating and set a $275.00 price objective on shares of Salesforce in a report on Monday. Finally, JMP Securities restated a "market outperform" rating and issued a $430.00 target price on shares of Salesforce in a research note on Friday, July 11th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $342.89.

Insiders Place Their Bets

In related news, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $260.30, for a total transaction of $585,675.00. Following the completion of the transaction, the chief executive officer owned 11,955,566 shares in the company, valued at approximately $3,112,033,829.80. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 51,032 shares of company stock worth $13,171,536. 3.00% of the stock is owned by company insiders.

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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