Wormser Freres Gestion Buys 1,352 Shares of Salesforce Inc. $CRM

Key Points

• Wormser Freres Gestion increased its stake in Salesforce Inc. by 4.8%, acquiring an additional 1,352 shares, resulting in a total of 29,533 shares valued at approximately $8 million.
• Salesforce reported quarterly earnings of $2.58 per share, surpassing analysts' expectations, with revenue hitting $9.83 billion, marking a 7.6% increase year-over-year.
• Equities analysts have varied ratings for Salesforce, with four giving a "Strong Buy" rating and a consensus price target of approximately $342.89 for the stock.

Wormser Freres Gestion boosted its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,533 shares of the CRM provider's stock after buying an additional 1,352 shares during the quarter. Salesforce makes up 4.9% of Wormser Freres Gestion's holdings, making the stock its 10th biggest position. Wormser Freres Gestion's holdings in Salesforce were worth $7,999,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CRM. AIA Group Ltd lifted its holdings in Salesforce by 8.0% during the first quarter. AIA Group Ltd now owns 32,885 shares of the CRM provider's stock valued at $8,825,000 after purchasing an additional 2,436 shares in the last quarter. Notis McConarty Edward boosted its position in Salesforce by 71.6% during the first quarter. Notis McConarty Edward now owns 3,844 shares of the CRM provider's stock worth $1,032,000 after acquiring an additional 1,604 shares during the last quarter. Aberdeen Group plc grew its stake in Salesforce by 1.5% during the 1st quarter. Aberdeen Group plc now owns 1,036,482 shares of the CRM provider's stock valued at $274,802,000 after acquiring an additional 15,782 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. raised its holdings in Salesforce by 43.0% in the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 104,834 shares of the CRM provider's stock valued at $28,133,000 after acquiring an additional 31,537 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt boosted its holdings in shares of Salesforce by 121.9% during the 1st quarter. Alecta Tjanstepension Omsesidigt now owns 355,000 shares of the CRM provider's stock worth $95,222,000 after purchasing an additional 195,000 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company's stock.

Salesforce Trading Down 0.1%

NYSE:CRM opened at $245.78 on Thursday. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The firm has a market cap of $234.97 billion, a PE ratio of 38.46, a price-to-earnings-growth ratio of 2.23 and a beta of 1.37. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average price of $258.99 and a 200 day moving average price of $273.75.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.55 by $0.03. The company had revenue of $9.83 billion for the quarter, compared to analyst estimates of $9.74 billion. Salesforce had a return on equity of 12.94% and a net margin of 16.08%.Salesforce's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.44 EPS. Salesforce has set its FY 2026 guidance at 11.270-11.330 EPS. Q2 2026 guidance at 2.760-2.780 EPS. Sell-side analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were issued a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, June 18th. Salesforce's payout ratio is 25.98%.

Insider Buying and Selling

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $260.30, for a total value of $585,675.00. Following the transaction, the chief executive officer owned 11,955,566 shares in the company, valued at approximately $3,112,033,829.80. This represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 51,032 shares of company stock valued at $13,171,536 over the last 90 days. Corporate insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Citigroup reduced their price objective on Salesforce from $320.00 to $295.00 and set a "neutral" rating on the stock in a research report on Friday, May 30th. Erste Group Bank lowered shares of Salesforce from a "buy" rating to a "hold" rating in a report on Thursday, June 5th. Wells Fargo & Company raised their price target on shares of Salesforce from $255.00 to $275.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Morgan Stanley reiterated an "overweight" rating and set a $404.00 price target (up from $393.00) on shares of Salesforce in a report on Thursday, May 29th. Finally, Oppenheimer reissued an "outperform" rating and issued a $370.00 target price on shares of Salesforce in a research report on Tuesday, June 10th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $342.89.

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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