Sunpointe LLC Has $611,000 Position in Salesforce Inc. $CRM

Sunpointe LLC grew its holdings in Salesforce Inc. (NYSE:CRM) by 47.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,237 shares of the CRM provider’s stock after purchasing an additional 724 shares during the quarter. Sunpointe LLC’s holdings in Salesforce were worth $611,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. AG2R LA Mondiale Gestion D Actifs acquired a new position in Salesforce in the first quarter valued at about $9,367,000. Jones Financial Companies Lllp grew its holdings in shares of Salesforce by 31.2% during the first quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider’s stock worth $93,016,000 after buying an additional 81,916 shares in the last quarter. Strs Ohio bought a new position in shares of Salesforce during the first quarter worth about $100,472,000. Integrity Alliance LLC. grew its holdings in shares of Salesforce by 567.6% during the first quarter. Integrity Alliance LLC. now owns 7,737 shares of the CRM provider’s stock worth $2,076,000 after buying an additional 6,578 shares in the last quarter. Finally, Siren L.L.C. acquired a new position in Salesforce during the first quarter valued at approximately $3,918,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on CRM shares. Northland Securities dropped their price target on Salesforce from $423.00 to $396.00 and set an “outperform” rating for the company in a report on Thursday, May 29th. Royal Bank Of Canada reduced their price objective on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 4th. Stephens reduced their price target on Salesforce from $311.00 to $309.00 and set an “equal weight” rating on the stock in a research report on Friday, May 30th. Roth Capital reissued a “buy” rating and issued a $395.00 price objective on shares of Salesforce in a research note on Thursday, September 4th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $430.00 price target on shares of Salesforce in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $332.58.

Insider Activity

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $242.39, for a total value of $545,377.50. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,887,245,694.69. This represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were acquired at an average price 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 approximately $973,819.84. This represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 75,077 shares of company stock worth $19,099,953 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Salesforce Price Performance

Shares of NYSE CRM opened at $239.09 on Wednesday. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The firm has a market cap of $227.61 billion, a P/E ratio of 34.75, a PEG ratio of 2.21 and a beta of 1.22. The company has a 50 day moving average of $251.97 and a 200 day moving average of $263.73. 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 posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping 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 business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the firm posted $2.56 EPS. The firm’s revenue 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. As a group, research analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

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

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.