Yarger Wealth Strategies LLC Takes $248,000 Position in Salesforce Inc. $CRM

Yarger Wealth Strategies LLC purchased a new stake in shares of Salesforce Inc. (NYSE:CRM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 911 shares of the CRM provider’s stock, valued at approximately $248,000.

A number of other institutional investors have also recently made changes to their positions in CRM. Coign Capital Advisors LLC increased its holdings 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 worth $586,000 after purchasing an additional 37 shares in the last quarter. Staley Capital Advisers Inc. increased its holdings 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 worth $897,000 after purchasing an additional 38 shares in the last quarter. KDT Advisors LLC increased its holdings in shares of Salesforce by 4.1% in the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock worth $260,000 after purchasing an additional 38 shares in the last quarter. Liberty One Investment Management LLC increased its holdings in shares of Salesforce by 1.2% in the 1st quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock worth $849,000 after purchasing an additional 39 shares in the last quarter. Finally, First Command Advisory Services Inc. increased its holdings in shares of Salesforce by 7.3% in the 1st quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock worth $154,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Activity

In other Salesforce news, Director David Blair Kirk acquired 3,400 shares of the stock in a transaction dated Tuesday, September 9th. The shares were acquired 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 of the company’s stock, valued at approximately $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $240.34, for a total value of $540,765.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $2,862,826,974.14. The trade was a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,500 shares of company stock worth $19,049,130 over the last 90 days. Company insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on CRM. Deutsche Bank Aktiengesellschaft reduced their target price on Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Macquarie reissued a “neutral” rating and issued a $290.00 target price on shares of Salesforce in a report on Thursday, September 4th. BMO Capital Markets cut their price objective on Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 price objective on shares of Salesforce in a report on Thursday, September 4th. Finally, Robert W. Baird cut their price objective on Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Twenty-six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $331.89.

Salesforce Stock Performance

NYSE:CRM opened at $242.11 on Monday. The stock has a 50-day simple moving average of $244.68 and a two-hundred day simple moving average of $258.64. Salesforce Inc. has a 52-week low of $226.48 and a 52-week 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. The firm has a market capitalization of $230.49 billion, a PE ratio of 35.19, a P/E/G ratio of 2.09 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 the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the company posted $2.56 earnings per share. Salesforce’s revenue for the quarter 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. Analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

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

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.