Salesforce Inc. $CRM Shares Acquired by Unisphere Establishment

Key Points

• Unisphere Establishment increased its stake in Salesforce by 23.6% in the 1st quarter, acquiring an additional 100,000 shares and owning 523,000 shares, which makes up about 1.2% of its portfolio.
• Several institutional investors have also adjusted their holdings in Salesforce, including First Financial Bankshares Inc., which increased its position by 39.6%.
• Analysts have varied opinions on Salesforce, with target price adjustments ranging from $260.00 to $385.00, and a consensus rating of "Moderate Buy" with a price target of $341.47.

Unisphere Establishment increased its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 23.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 523,000 shares of the CRM provider's stock after acquiring an additional 100,000 shares during the quarter. Salesforce comprises approximately 1.2% of Unisphere Establishment's portfolio, making the stock its 25th largest holding. Unisphere Establishment owned about 0.05% of Salesforce worth $140,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of CRM. Bernard Wealth Management Corp. acquired a new stake in Salesforce during the 4th quarter worth $25,000. Capital A Wealth Management LLC raised its stake in Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after acquiring an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its stake in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after acquiring an additional 85 shares in the last quarter. Abound Financial LLC acquired a new stake in Salesforce during the 1st quarter worth $31,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in Salesforce during the 4th quarter worth $35,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. KeyCorp reduced their target price on shares of Salesforce from $440.00 to $400.00 and set an "overweight" rating for the company in a report on Thursday. JMP Securities reaffirmed a "market outperform" rating and issued a $430.00 target price on shares of Salesforce in a report on Tuesday. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $325.00 target price on shares of Salesforce in a report on Thursday. Bank of America reduced their target price on shares of Salesforce from $350.00 to $325.00 and set a "buy" rating for the company in a report on Tuesday, August 26th. Finally, UBS Group reduced their target price on shares of Salesforce from $300.00 to $260.00 and set a "neutral" rating for the company in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $331.34.

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $251.66, for a total transaction of $566,235.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,997,665,957.86. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 63,827 shares of company stock worth $16,342,398 in the last ninety days. Insiders own 3.00% of the company's stock.

Salesforce Price Performance

NYSE:CRM traded down $12.13 during mid-day trading on Thursday, hitting $244.32. 27,370,655 shares of the company's stock traded hands, compared to its average volume of 7,420,574. 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 firm's 50 day simple moving average is $256.61 and its 200 day simple moving average is $268.18. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The company has a market cap of $233.57 billion, a PE ratio of 38.23, a price-to-earnings-growth ratio of 2.33 and a beta of 1.22.

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, beating the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the firm posted $2.56 EPS. The firm's revenue for the quarter 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. Sell-side analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

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.