Triton Financial Group Inc Buys New Shares in Salesforce Inc. $CRM

Key Points

• Triton Financial Group Inc has acquired a new stake in Salesforce Inc., purchasing 5,575 shares valued at approximately $1.52 million during the 2nd quarter.
• Salesforce reported earnings of $2.91 per share, exceeding analysts' expectations, and the company's revenue grew by 9.8% year-over-year to $10.24 billion.
• Marc Benioff, CEO of Salesforce, sold 2,250 shares for about $550,440, decreasing his ownership by 0.02% to approximately $2.91 billion.

Triton Financial Group Inc bought a new stake in Salesforce Inc. (NYSE:CRM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,575 shares of the CRM provider's stock, valued at approximately $1,520,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CRM. Brighton Jones LLC lifted its holdings in Salesforce by 13.7% in the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock valued at $8,582,000 after buying an additional 3,102 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock valued at $611,000 after buying an additional 205 shares during the period. Bison Wealth LLC lifted its holdings in Salesforce by 9.0% in the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock valued at $747,000 after buying an additional 184 shares during the period. GAMMA Investing LLC lifted its holdings in Salesforce by 13.9% in the first quarter. GAMMA Investing LLC now owns 14,166 shares of the CRM provider's stock valued at $3,802,000 after buying an additional 1,725 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Salesforce by 2.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 126,942 shares of the CRM provider's stock valued at $34,066,000 after buying an additional 2,860 shares during the period. Institutional investors and hedge funds own 80.43% of the company's stock.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $244.64, for a total value of $550,440.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $2,914,046,729.44. This represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 78,750 shares of company stock valued at $19,480,343. Corporate insiders own 3.00% of the company's stock.

Salesforce Trading Up 4.6%

CRM opened at $254.31 on Tuesday. 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 Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The firm has a market capitalization of $242.10 billion, a PE ratio of 36.96, a P/E/G ratio of 2.04 and a beta of 1.19. The company's 50-day moving average is $244.81 and its 200 day moving average is $257.89.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping 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 company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the business posted $2.56 EPS. The firm'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. As a group, research analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were given a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce's dividend payout ratio is presently 24.13%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Piper Sandler reissued an "overweight" rating and set a $315.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. Bank of America decreased their target price on Salesforce from $350.00 to $325.00 and set a "buy" rating for the company in a research report on Tuesday, August 26th. BMO Capital Markets decreased their target price on Salesforce from $335.00 to $280.00 and set an "outperform" rating for the company in a research report on Thursday, September 4th. Northland Capmk lowered Salesforce from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 14th. Finally, KeyCorp decreased their target price on Salesforce from $440.00 to $400.00 and set an "overweight" rating for the company in a research report on Thursday, September 4th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Salesforce has an average rating of "Moderate Buy" and an average price target of $325.23.

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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