Triavera Capital LLC Has $6.46 Million Stake in Salesforce Inc. $CRM

Key Points

• Triavera Capital LLC increased its stake in Salesforce Inc. by 6.6%, holding a total of 24,073 shares worth approximately $6.46 million as of the end of the first quarter.
• CEO Marc Benioff recently sold 2,250 shares of Salesforce for $543,375, which slightly reduced his ownership stake in the company.
• Salesforce reported earnings of $2.91 per share for the quarter, surpassing estimates, and also announced a quarterly dividend of $0.416 per share, indicating a 0.7% dividend yield.

Triavera Capital LLC grew its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 6.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,073 shares of the CRM provider's stock after acquiring an additional 1,500 shares during the quarter. Salesforce accounts for about 3.7% of Triavera Capital LLC's investment portfolio, making the stock its 15th largest holding. Triavera Capital LLC's holdings in Salesforce were worth $6,460,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Coign Capital Advisors LLC increased its stake in Salesforce by 1.7% during the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider's stock worth $586,000 after purchasing an additional 37 shares in the last quarter. Staley Capital Advisers Inc. lifted its stake in Salesforce by 1.1% in the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider's stock valued at $897,000 after buying an additional 38 shares in the last quarter. KDT Advisors LLC boosted its holdings in shares of Salesforce by 4.1% in the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider's stock valued at $260,000 after buying an additional 38 shares during the period. Liberty One Investment Management LLC raised its holdings in shares of 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 acquiring an additional 39 shares during the period. Finally, First Command Advisory Services Inc. lifted its position in Salesforce by 7.3% in the 1st quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider's stock valued at $154,000 after acquiring an additional 39 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Insider Activity

In related news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $241.50, for a total transaction of $543,375.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,876,644,396.50. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 66,077 shares of company stock valued at $16,885,773. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CRM has been the subject of a number of research reports. Mizuho lowered their target price on Salesforce from $425.00 to $380.00 and set an "outperform" rating for the company in a report on Thursday, May 15th. Citigroup reaffirmed a "neutral" rating on shares of Salesforce in a research report on Thursday, August 28th. Sanford C. Bernstein decreased their price objective on Salesforce from $255.00 to $221.00 and set an "underperform" rating for the company in a report on Thursday. The Goldman Sachs Group upped their price target on Salesforce from $340.00 to $385.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Finally, DA Davidson raised shares of Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 price target for the company in a research note on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $331.34.

Salesforce Stock Performance

Shares of NYSE CRM opened at $250.40 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a 50 day moving average price of $255.64 and a 200 day moving average price of $266.68. The stock has a market capitalization of $239.39 billion, a PE ratio of 36.40, a price-to-earnings-growth ratio of 2.27 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 released its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share 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 net margin of 16.87% and a return on equity of 13.34%. The firm's revenue was up 9.8% on a year-over-year basis. During the same period last year, the business earned $2.56 earnings per share. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders 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 dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce's dividend payout ratio is presently 24.13%.

Salesforce 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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