Agate Pass Investment Management LLC Raises Position in Salesforce Inc. $CRM

Agate Pass Investment Management LLC grew its position in Salesforce Inc. (NYSE:CRM) by 28.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 11,022 shares of the CRM provider’s stock after buying an additional 2,437 shares during the period. Salesforce makes up about 1.2% of Agate Pass Investment Management LLC’s investment portfolio, making the stock its 23rd largest holding. Agate Pass Investment Management LLC’s holdings in Salesforce were worth $3,006,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CRM. Brighton Jones LLC raised its holdings in shares of Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after purchasing an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after purchasing an additional 205 shares during the last quarter. Bison Wealth LLC raised its holdings in shares of Salesforce by 9.0% during the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after purchasing an additional 184 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Salesforce by 13.9% during the first quarter. GAMMA Investing LLC now owns 14,166 shares of the CRM provider’s stock valued at $3,802,000 after purchasing an additional 1,725 shares during the last quarter. Finally, Simon Quick Advisors LLC raised its holdings in shares of Salesforce by 16.9% during the first quarter. Simon Quick Advisors LLC now owns 4,941 shares of the CRM provider’s stock valued at $1,326,000 after purchasing an additional 715 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $248.40, for a total value of $558,900.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,958,834,236.40. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Blair Kirk bought 3,400 shares of the stock in a transaction dated 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 acquisition, the director directly 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. Over the last quarter, insiders sold 78,750 shares of company stock valued at $19,634,805. Company insiders own 3.00% of the company’s stock.

Salesforce Stock Performance

CRM opened at $242.11 on Friday. The firm has a market cap of $230.49 billion, a P/E ratio of 35.19, a PEG ratio of 2.12 and a beta of 1.19. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The company has a 50 day simple moving average of $244.68 and a two-hundred day simple moving average of $258.93. 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 (NYSE:CRM) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business 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. Equities analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $400.00 price objective on shares of Salesforce in a report on Thursday, September 4th. BMO Capital Markets decreased their price objective on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Salesforce in a report on Saturday, September 27th. Cantor Fitzgerald restated an “overweight” rating and set a $325.00 target price on shares of Salesforce in a research report on Thursday, September 4th. Finally, Wall Street Zen upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a research report on Saturday. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $331.89.

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.