Salesforce Inc. $CRM Shares Acquired by Persium Advisors LLC

Persium Advisors LLC lifted its holdings in Salesforce Inc. (NYSE:CRM) by 6.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,074 shares of the CRM provider’s stock after purchasing an additional 121 shares during the period. Persium Advisors LLC’s holdings in Salesforce were worth $566,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CRM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake 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 worth $2,484,616,000 after purchasing an additional 600,386 shares in the last quarter. AIA Group Ltd increased its holdings in shares of Salesforce by 8.0% in 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 during the last quarter. Notis McConarty Edward lifted 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 buying an additional 1,604 shares in the last quarter. Aberdeen Group plc boosted its stake in Salesforce by 1.5% during the first quarter. Aberdeen Group plc now owns 1,036,482 shares of the CRM provider’s stock worth $274,802,000 after buying an additional 15,782 shares during the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. grew 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 buying an additional 31,537 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Salesforce

In other Salesforce news, Director David Blair Kirk acquired 3,400 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director owned 3,824 shares in the company, valued at $973,819.84. The trade was a 801.89% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $246.66, for a total value of $554,985.00. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,938,108,102.86. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 70,577 shares of company stock valued at $18,005,778 over the last ninety days. 3.00% of the stock is owned by company insiders.

Salesforce Price Performance

Shares of NYSE CRM opened at $242.68 on Monday. The stock’s 50-day moving average is $253.21 and its two-hundred day moving average is $264.29. 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 company has a market cap of $231.03 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 2.21 and a beta of 1.22. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the company posted $2.56 earnings per share. The business’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. Analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

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

Analyst Ratings Changes

CRM has been the subject of several recent analyst reports. Stifel Nicolaus cut their price objective on shares of Salesforce from $375.00 to $325.00 and set a “buy” rating for the company in a research report on Wednesday, August 13th. Citigroup raised their price target on shares of Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. Barclays decreased their price objective on Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. Morgan Stanley raised their target price on Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Finally, Royal Bank Of Canada reduced their target price on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $332.58.

About Salesforce

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.