Tandem Capital Management Corp ADV Grows Position in Salesforce Inc. $CRM

Tandem Capital Management Corp ADV grew its stake in Salesforce Inc. (NYSE:CRM) by 6.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,791 shares of the CRM provider’s stock after purchasing an additional 158 shares during the period. Tandem Capital Management Corp ADV’s holdings in Salesforce were worth $761,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Coign Capital Advisors LLC grew its stake in shares of Salesforce by 1.7% in the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock valued at $586,000 after purchasing an additional 37 shares during the last quarter. Staley Capital Advisers Inc. grew its stake in shares of Salesforce by 1.1% in the 1st quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock valued at $897,000 after purchasing an additional 38 shares during the last quarter. KDT Advisors LLC boosted its stake in shares of Salesforce by 4.1% in the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock valued at $260,000 after buying an additional 38 shares in the last quarter. Liberty One Investment Management LLC boosted its stake in shares of Salesforce by 1.2% in the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock valued at $849,000 after buying an additional 39 shares in the last quarter. Finally, First Command Advisory Services Inc. boosted its stake in shares of Salesforce by 7.3% in the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock valued at $154,000 after buying an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling at Salesforce

In other Salesforce news, Director David Blair Kirk bought 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director owned 3,824 shares of the company’s stock, valued at $973,819.84. This trade represents a 801.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $252.42, for a total value of $567,945.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $3,006,718,751.82. The trade was a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,750 shares of company stock valued at $19,679,535 over the last quarter. Insiders own 3.00% of the company’s stock.

Salesforce Stock Performance

NYSE CRM opened at $240.23 on Thursday. The stock has a market cap of $228.70 billion, a price-to-earnings ratio of 34.92, a price-to-earnings-growth ratio of 2.07 and a beta of 1.19. The business has a fifty day moving average of $245.13 and a 200-day moving average of $259.53. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14.

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

Salesforce Announces Dividend

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

Wall Street Analysts Forecast Growth

CRM has been the topic of a number of analyst reports. Roth Capital restated a “buy” rating and issued a $395.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Sanford C. Bernstein decreased their price target on Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research note on Thursday, September 4th. Stifel Nicolaus decreased their price target on Salesforce from $375.00 to $325.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th. JPMorgan Chase & Co. decreased their price target on Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. Finally, Royal Bank Of Canada decreased their price target on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 4th. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.