Siren L.L.C. Takes Position in Salesforce Inc. $CRM

Key Points

• Siren L.L.C. acquired a new stake in Salesforce Inc., purchasing 14,600 shares valued at approximately $3.9 million in Q1.
• Several hedge funds have increased their holdings in Salesforce, contributing to an overall institutional ownership of 80.43% of the stock.
• Research analysts have lowered their price targets for Salesforce, with most rating the stock as a "Moderate Buy" and an average target price of $332.58.

Siren L.L.C. purchased a new position in Salesforce Inc. (NYSE:CRM - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 14,600 shares of the CRM provider's stock, valued at approximately $3,918,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Coign Capital Advisors LLC increased its position in Salesforce by 1.7% during the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider's stock worth $586,000 after acquiring an additional 37 shares during the period. Staley Capital Advisers Inc. grew its stake in Salesforce by 1.1% during the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider's stock worth $897,000 after buying an additional 38 shares in the last quarter. KDT Advisors LLC grew its stake in Salesforce by 4.1% during the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider's stock worth $260,000 after buying an additional 38 shares in the last quarter. Liberty One Investment Management LLC grew its stake in Salesforce by 1.2% during the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider's stock worth $849,000 after buying an additional 39 shares in the last quarter. Finally, First Command Advisory Services Inc. grew its stake in Salesforce by 7.3% during the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider's stock worth $154,000 after buying an additional 39 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Trading Down 1.5%

NYSE CRM traded down $3.60 during trading hours on Friday, reaching $242.68. The company's stock had a trading volume of 8,382,442 shares, compared to its average volume of 9,981,092. The firm has a fifty day simple moving average of $253.21 and a 200-day simple moving average of $264.50. The stock has a market cap of $231.03 billion, a P/E ratio of 35.27, a P/E/G ratio of 2.24 and a beta of 1.22. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last 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. Equities analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be issued a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce's dividend payout ratio (DPR) is 24.13%.

Insider Activity at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total transaction of $578,295.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,061,511,978.42. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Blair Kirk purchased 3,400 shares of the stock in a transaction on Tuesday, September 9th. The shares were purchased at an average price of $254.66 per share, with a total value of $865,844.00. Following the acquisition, the director owned 3,824 shares in the company, valued at approximately $973,819.84. The trade was a 801.89% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 70,577 shares of company stock valued at $18,005,778. Company insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CRM shares. Macquarie reiterated a "neutral" rating and set a $290.00 price objective on shares of Salesforce in a research note on Thursday, September 4th. JMP Securities restated a "market outperform" rating and issued a $430.00 price target on shares of Salesforce in a research note on Tuesday, September 2nd. UBS Group reduced their price target on shares of Salesforce from $300.00 to $260.00 and set a "neutral" rating on the stock in a research note on Monday, August 18th. Sanford C. Bernstein reduced their price target on shares of Salesforce from $255.00 to $221.00 and set an "underperform" rating on the stock in a research note on Thursday, September 4th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Salesforce from $380.00 to $365.00 and set an "overweight" rating on the stock in a research note 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $332.58.

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.