Sagace Wealth Management LLC Purchases New Holdings in Salesforce Inc. $CRM

Sagace Wealth Management LLC purchased a new stake in Salesforce Inc. (NYSE:CRM) in the second quarter, Holdings Channel.com reports. The firm purchased 820 shares of the CRM provider’s stock, valued at approximately $224,000.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Salesforce by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after buying an additional 1,383,942 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Salesforce by 6.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock worth $2,484,616,000 after buying an additional 600,386 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Salesforce by 5.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock worth $2,419,037,000 after buying an additional 437,435 shares during the last quarter. Nuveen LLC bought a new position in Salesforce during the 1st quarter worth approximately $2,039,196,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Salesforce by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider’s stock worth $1,707,316,000 after buying an additional 295,681 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Trading Down 3.6%

NYSE:CRM opened at $239.87 on Wednesday. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The firm has a market capitalization of $228.36 billion, a P/E ratio of 34.87, a P/E/G ratio of 2.15 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The business has a 50 day simple moving average of $244.47 and a 200 day simple moving average of $258.36.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. The firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. Equities research analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have commented on the company. Macquarie reaffirmed a “neutral” rating and set a $290.00 target price on shares of Salesforce in a report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft reduced their target price on Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Cantor Fitzgerald reissued an “overweight” rating and issued a $325.00 price target on shares of Salesforce in a report on Thursday, September 4th. Citigroup boosted their price objective on Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Finally, Sanford C. Bernstein reduced their price objective on Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research report on Thursday, September 4th. Twenty-five investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus target price of $328.22.

Insiders Place Their Bets

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Monday, October 13th. The stock was sold at an average price of $245.91, for a total transaction of $553,297.50. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $2,929,174,424.61. The trade was 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. Over the last 90 days, insiders sold 78,750 shares of company stock worth $19,572,233. 3.00% of the stock is owned by insiders.

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.