Belpointe Asset Management LLC Acquires 1,521 Shares of Salesforce Inc. $CRM

Belpointe Asset Management LLC raised its holdings in shares of Salesforce Inc. (NYSE:CRM) by 19.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,256 shares of the CRM provider’s stock after acquiring an additional 1,521 shares during the quarter. Belpointe Asset Management LLC’s holdings in Salesforce were worth $2,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of CRM. Painted Porch Advisors LLC lifted its position in shares of Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after buying an additional 65 shares in the last quarter. Capital A Wealth Management LLC raised its stake in Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 90 shares during the period. CBIZ Investment Advisory Services LLC lifted its holdings in Salesforce by 314.8% during the first 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 in the last quarter. Abound Financial LLC bought a new position in shares of Salesforce in the first quarter worth approximately $31,000. Finally, Christopher J. Hasenberg Inc boosted its position in shares of Salesforce by 383.3% in the second 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. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Salesforce

In related news, Director David Blair Kirk purchased 3,400 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director directly owned 3,824 shares in the company, valued at $973,819.84. This represents a 801.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $236.38, for a total transaction of $531,855.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,815,657,152.98. The trade was a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,750 shares of company stock valued at $19,747,868 over the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Salesforce Stock Performance

NYSE CRM opened at $245.85 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The business has a 50 day simple moving average of $246.17 and a two-hundred day simple moving average of $259.80. The stock has a market capitalization of $234.05 billion, a PE ratio of 35.73, a P/E/G ratio of 2.08 and a beta of 1.19.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating 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 company had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the firm earned $2.56 earnings per share. Salesforce’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. On average, research analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

Analyst Ratings Changes

CRM has been the topic of a number of analyst reports. Roth Capital restated a “buy” rating and set a $395.00 target price on shares of Salesforce in a research note on Thursday, September 4th. DA Davidson raised Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 price target on the stock in a report on Friday, August 15th. Morgan Stanley boosted their price objective on Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. KeyCorp cut their target price on Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. Finally, Wells Fargo & Company lowered their price target on Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and a consensus target price of $332.58.

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.