Granite Harbor Advisors Inc. Purchases 119 Shares of Salesforce Inc. $CRM

Granite Harbor Advisors Inc. lifted its holdings in Salesforce Inc. (NYSE:CRM) by 11.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,153 shares of the CRM provider’s stock after purchasing an additional 119 shares during the period. Granite Harbor Advisors Inc.’s holdings in Salesforce were worth $314,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CRM. Painted Porch Advisors LLC lifted its position in shares of Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 65 shares during the period. Capital A Wealth Management LLC lifted its position in Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its position 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 acquiring an additional 85 shares during the last quarter. Abound Financial LLC purchased a new stake in Salesforce during the first quarter valued at approximately $31,000. Finally, Christopher J. Hasenberg Inc lifted its position in Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after acquiring an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $242.44, for a total transaction of $545,490.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,887,841,273.24. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Blair Kirk bought 3,400 shares of Salesforce stock in a transaction on Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director directly owned 3,824 shares of the company’s stock, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 78,750 shares of company stock worth $19,448,213 over the last ninety days. 3.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CRM shares. Wall Street Zen raised shares of Salesforce from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Macquarie reissued a “neutral” rating and set a $250.00 target price on shares of Salesforce in a research report on Thursday, October 16th. JPMorgan Chase & Co. decreased their target price on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. Cantor Fitzgerald reissued an “overweight” rating and set a $325.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Finally, Royal Bank Of Canada decreased their target price on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research report on Thursday, September 4th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Salesforce has an average rating of “Moderate Buy” and an average price target of $325.23.

Salesforce Stock Down 2.5%

NYSE:CRM opened at $256.78 on Thursday. The firm has a market capitalization of $244.45 billion, a P/E ratio of 37.32, a PEG ratio of 2.17 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’s fifty day moving average price is $245.85 and its 200-day moving average price is $257.92. 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 released its quarterly earnings data 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. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the business earned $2.56 earnings per share. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. 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, equities research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The company 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 dividend on an annualized basis and a yield of 0.6%. Salesforce’s payout ratio is 24.13%.

Salesforce Company 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.