ST Germain D J Co. Inc. Purchases 4,149 Shares of Salesforce Inc. $CRM

Key Points

• ST Germain D J Co. Inc. increased its stake in Salesforce Inc. by 18.8%, acquiring an additional 4,149 shares in the second quarter, bringing its total to 26,195 shares valued at approximately $7.14 million.
• Salesforce reported a net margin of 16.87% and earnings per share (EPS) of $2.91 for its recent quarter, exceeding analysts' expectations of $2.78.
• The company announced a quarterly dividend of $0.416 per share, with an ex-dividend date of September 17th, representing a yield of 0.7%.

ST Germain D J Co. Inc. raised its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 18.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,195 shares of the CRM provider's stock after buying an additional 4,149 shares during the quarter. ST Germain D J Co. Inc.'s holdings in Salesforce were worth $7,143,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Painted Porch Advisors LLC raised its stake in shares of Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock valued at $25,000 after acquiring an additional 65 shares during the last quarter. Capital A Wealth Management LLC grew its stake in shares of Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its holdings in shares of Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 85 shares in the last quarter. Abound Financial LLC acquired a new stake in shares of Salesforce in the first quarter valued at approximately $31,000. Finally, Christopher J. Hasenberg Inc raised its position in Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock worth $32,000 after purchasing an additional 92 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CRM has been the subject of several research reports. Stephens lowered their target price on Salesforce from $311.00 to $309.00 and set an "equal weight" rating for the company in a research note on Friday, May 30th. UBS Group lowered their price objective on Salesforce from $300.00 to $260.00 and set a "neutral" rating for the company in a research report on Monday, August 18th. Sanford C. Bernstein cut their target price on shares of Salesforce from $255.00 to $221.00 and set an "underperform" rating on the stock in a research report on Thursday, September 4th. Piper Sandler reduced their target price on shares of Salesforce from $335.00 to $315.00 and set an "overweight" rating on the stock in a research note on Thursday, September 4th. Finally, Oppenheimer dropped their price target on shares of Salesforce from $370.00 to $315.00 and set an "outperform" rating for the company in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued 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 a consensus rating of "Moderate Buy" and a consensus price target of $332.58.

Salesforce Stock Performance

Shares of NYSE CRM opened at $240.93 on Friday. 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 50 day moving average price of $249.70 and a 200 day moving average price of $261.92. The stock has a market capitalization of $229.37 billion, a PE ratio of 35.02, a price-to-earnings-growth 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.

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, topping analysts' consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company had revenue of $10.24 billion for the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter in the prior year, the business posted $2.56 EPS. The business's revenue 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. Analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

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

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $245.85, for a total value of $553,162.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $2,928,459,730.35. The trade was a 0.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Blair Kirk acquired 3,400 shares of the business's stock in a transaction on Tuesday, September 9th. The stock was acquired at an average cost of $254.66 per share, with a total value of $865,844.00. Following the acquisition, 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 disclosure for this purchase can be found here. Over the last ninety days, insiders sold 78,750 shares of company stock valued at $19,955,745. Insiders own 3.00% of the company's stock.

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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