Trifecta Capital Advisors LLC Buys 2,024 Shares of Salesforce Inc. $CRM

Trifecta Capital Advisors LLC raised its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 8.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,506 shares of the CRM provider's stock after acquiring an additional 2,024 shares during the quarter. Trifecta Capital Advisors LLC's holdings in Salesforce were worth $7,228,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider's stock valued at $23,592,501,000 after acquiring an additional 1,383,942 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Salesforce by 6.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider's stock valued at $2,484,616,000 after acquiring an additional 600,386 shares during the period. Goldman Sachs Group Inc. raised its holdings in Salesforce by 5.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider's stock valued at $2,419,037,000 after acquiring an additional 437,435 shares during the period. Nuveen LLC bought a new position in Salesforce in the 1st quarter valued at about $2,039,196,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Salesforce by 4.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider's stock valued at $1,707,316,000 after acquiring an additional 295,681 shares during the period. 80.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Monday, August 4th. The shares were sold at an average price of $252.42, for a total transaction of $567,945.00. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,006,718,751.82. 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 is accessible through the SEC website. Also, Director David Blair Kirk bought 3,400 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, with a total value of $865,844.00. Following the purchase, the director directly owned 3,824 shares of the company's stock, valued at $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 78,750 shares of company stock worth $19,679,535. 3.00% of the stock is owned by company insiders.

Salesforce Stock Performance

Shares of Salesforce stock opened at $240.23 on Thursday. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two 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. The firm has a market capitalization of $228.70 billion, a P/E ratio of 34.92, a P/E/G ratio of 2.07 and a beta of 1.19. The company's 50 day moving average price is $245.13 and its two-hundred day moving average price is $259.53.

Salesforce (NYSE:CRM - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the business posted $2.56 earnings per share. The company's quarterly revenue was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, equities analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

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

Wall Street Analyst Weigh In

CRM has been the topic of several recent research reports. Wall Street Zen cut shares of Salesforce from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. DA Davidson raised shares of Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 target price on the stock in a report on Friday, August 15th. JPMorgan Chase & Co. lowered their target price on shares of Salesforce from $380.00 to $365.00 and set an "overweight" rating on the stock in a report on Thursday, September 4th. Barclays lowered their target price on shares of Salesforce from $347.00 to $316.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $400.00 target price on shares of Salesforce in a report on Thursday, September 4th. Twenty-six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Salesforce presently has an average rating of "Moderate Buy" and a consensus target price 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.

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