Triton Financial Group Inc Takes $1.52 Million Position in Salesforce Inc. $CRM

Triton Financial Group Inc bought a new stake in shares of Salesforce Inc. (NYSE:CRM) in the second quarter, Holdings Channel reports. The fund bought 5,575 shares of the CRM provider’s stock, valued at approximately $1,520,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Painted Porch Advisors LLC grew its position in shares of Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after acquiring an additional 65 shares during the period. Capital A Wealth Management LLC grew its position in shares of Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 90 shares during the period. CBIZ Investment Advisory Services LLC grew its position in shares of Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 85 shares during the period. Abound Financial LLC bought a new position in shares of Salesforce during the 1st quarter valued at approximately $31,000. Finally, Christopher J. Hasenberg Inc grew its position in shares of Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after acquiring an additional 92 shares during the period. 80.43% of the stock is owned by institutional investors.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $244.64, for a total transaction of $550,440.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,914,046,729.44. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 78,750 shares of company stock valued at $19,480,343 over the last ninety days. 3.00% of the stock is owned by corporate insiders.

Salesforce Stock Up 4.6%

CRM opened at $254.31 on Tuesday. The company has a fifty day moving average price of $244.81 and a 200-day moving average price of $257.89. The firm has a market capitalization of $242.10 billion, a P/E ratio of 36.96, a price-to-earnings-growth ratio of 2.04 and a beta of 1.19. 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 one year low of $226.48 and a one year high of $369.00.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS 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 during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the business earned $2.56 EPS. 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. Equities research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently commented on CRM shares. Barclays cut their price objective on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a report on Monday, August 18th. Citigroup raised their price target on Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. Morgan Stanley lifted their price target on Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Wells Fargo & Company dropped their price objective on Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $325.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $325.23.

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.