3,125 Shares in Salesforce Inc. $CRM Bought by Pointe Capital Management LLC

Pointe Capital Management LLC bought a new position in shares of Salesforce Inc. (NYSE:CRM) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 3,125 shares of the CRM provider’s stock, valued at approximately $490,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commonwealth Retirement Investments LLC bought a new position in Salesforce during the 4th quarter worth approximately $25,000. Gilpin Wealth Management LLC acquired a new position in shares of Salesforce in the 4th quarter worth approximately $26,000. Swiss RE Ltd. bought a new stake in shares of Salesforce in the 4th quarter valued at $28,000. Birchwood Financial Partners Inc. bought a new stake in shares of Salesforce in the 4th quarter valued at $28,000. Finally, Dogwood Wealth Management LLC increased its position in shares of Salesforce by 285.7% during the fourth quarter. Dogwood Wealth Management LLC now owns 108 shares of the CRM provider’s stock worth $29,000 after buying an additional 80 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Analysts continue to see upside: Canaccord Genuity reaffirmed a “buy” rating with a $225 price target, Citizens JMP maintained “market outperform” with a $315 target, and BTIG reiterated “buy” with a $255 target. These targets imply that the recent pullback has created potential valuation upside. Analyst rating updates
• Positive Sentiment: Agentforce adoption and Salesforce’s expanding AI ecosystem are expected to support subscription growth. New integrations from ZoomInfo and Agiloft on the AgentExchange marketplace also suggest that third-party developers are increasingly using Salesforce and Slack AI workflows, strengthening the company’s platform moat. CRM Q2 earnings preview AgentExchange ecosystem
• Neutral Sentiment: Jefferies expects an in-line fiscal second quarter. Its survey of 20 Salesforce partners was moderately encouraging, with 70% reporting results at or above plan, but investors are likely to focus more heavily on management’s second-half growth outlook and Agentforce monetization. Jefferies Salesforce outlook
• Negative Sentiment: The earnings setup leaves little room for disappointment: Salesforce is expected to post roughly 10.6% revenue growth, while analysts want evidence that slower sales growth is reaccelerating. The stock is also testing technical resistance near $210, and broader caution toward technology shares may be limiting buying ahead of the report.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CRM shares. BMO Capital Markets boosted their target price on shares of Salesforce from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. Erste Group Bank upgraded Salesforce from a “hold” rating to a “buy” rating in a report on Wednesday, August 5th. Wall Street Zen lowered Salesforce from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. UBS Group boosted their price objective on Salesforce from $185.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Finally, The Goldman Sachs Group started coverage on Salesforce in a research report on Thursday, June 18th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.72.

Salesforce Stock Down 1.6%

Shares of NYSE CRM opened at $205.74 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. The firm has a market cap of $168.50 billion, a PE ratio of 23.81, a P/E/G ratio of 1.13 and a beta of 1.16. The company’s fifty day simple moving average is $176.11 and its 200 day simple moving average is $181.49. Salesforce Inc. has a 12-month low of $146.32 and a 12-month high of $269.11.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.13 by $0.75. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The firm had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.05 billion. During the same period in the previous year, the firm posted $2.58 earnings per share. The business’s revenue was up 13.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Salesforce Inc. will post 10.27 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were paid a $0.44 dividend. The ex-dividend date was Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. Salesforce’s dividend payout ratio (DPR) is currently 20.37%.

Salesforce Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.