Perennial Investment Advisors LLC Buys 264 Shares of Salesforce Inc. $CRM

Perennial Investment Advisors LLC grew its position in shares of Salesforce Inc. (NYSE:CRM) by 4.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 6,127 shares of the CRM provider’s stock after acquiring an additional 264 shares during the period. Perennial Investment Advisors LLC’s holdings in Salesforce were worth $1,670,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CRM. Painted Porch Advisors LLC raised its position in 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 purchasing an additional 65 shares during the period. CBIZ Investment Advisory Services LLC grew its position in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 85 shares during the last quarter. Christopher J. Hasenberg Inc increased its position in 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 purchasing an additional 92 shares during the period. Maseco LLP purchased a new position in shares of Salesforce during the 2nd quarter worth approximately $34,000. Finally, Spurstone Advisory Services LLC bought a new position in shares of Salesforce in the 2nd quarter worth approximately $34,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CRM. JPMorgan Chase & Co. dropped their target price on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. Northland Securities cut Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price target for the company. in a research note on Tuesday, October 14th. Barclays dropped their target price on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. Wall Street Zen downgraded shares of Salesforce from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Salesforce in a report on Wednesday, November 12th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $323.51.

Salesforce Stock Performance

Shares of CRM opened at $236.86 on Tuesday. The stock has a 50-day moving average of $246.21 and a two-hundred day moving average of $257.25. The stock has a market cap of $225.49 billion, a P/E ratio of 34.43, a P/E/G ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12.

Salesforce (NYSE:CRM) last announced its quarterly earnings data 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 business had revenue of $10.24 billion during 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 business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $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. As a group, research analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

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

Insider Activity

In other Salesforce news, CEO Marc Benioff sold 122 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $259.00, for a total transaction of $31,598.00. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,085,096,889. This represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 65,372 shares of company stock worth $16,169,071. Corporate insiders own 3.00% of the company’s stock.

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.