Enterprise Financial Services Corp Buys 241 Shares of Salesforce Inc. $CRM

Enterprise Financial Services Corp boosted its stake in shares of Salesforce Inc. (NYSE:CRM) by 20.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,430 shares of the CRM provider’s stock after buying an additional 241 shares during the period. Enterprise Financial Services Corp’s holdings in Salesforce were worth $390,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CRM. Painted Porch Advisors LLC lifted its holdings in shares of Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 65 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its holdings in 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 purchasing an additional 85 shares during the last quarter. Christopher J. Hasenberg Inc raised its position in Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after purchasing an additional 92 shares during the period. Maseco LLP bought a new stake in Salesforce in the second quarter worth about $34,000. Finally, Spurstone Advisory Services LLC purchased a new position in shares of Salesforce during the second quarter valued at approximately $34,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Salesforce

In other news, CEO Marc Benioff sold 122 shares of Salesforce stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $259.00, for a total value of $31,598.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,085,096,889. This trade represents a 0.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 60,872 shares of company stock worth $15,058,156. 3.00% of the stock is currently owned by company insiders.

Salesforce Stock Performance

Shares of Salesforce stock opened at $226.75 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The stock’s fifty day moving average price is $244.80 and its 200-day moving average price is $256.10. The firm has a market cap of $215.87 billion, a P/E ratio of 32.96, a P/E/G ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a 12 month low of $221.96 and a 12 month high of $369.00.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. The company had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, equities research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were paid a $0.416 dividend. The ex-dividend date of this dividend 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 24.13%.

Wall Street Analysts Forecast Growth

CRM has been the topic of a number of analyst reports. Roth Capital reaffirmed a “buy” rating and set a $395.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Wall Street Zen cut Salesforce from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Bank of America reduced their target price on Salesforce from $325.00 to $305.00 and set a “buy” rating on the stock in a research note on Monday, November 17th. Morgan Stanley lifted their target price on Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Finally, UBS Group cut their price target on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a report on Monday, August 18th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.51.

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.