Archford Capital Strategies LLC Boosts Holdings in Salesforce Inc. $CRM

Archford Capital Strategies LLC grew its holdings in shares of Salesforce Inc. (NYSE:CRM) by 5.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 10,867 shares of the CRM provider’s stock after acquiring an additional 596 shares during the quarter. Archford Capital Strategies LLC’s holdings in Salesforce were worth $2,963,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Painted Porch Advisors LLC raised its stake in shares of Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 65 shares in the last quarter. Capital A Wealth Management LLC increased its stake in shares of Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after buying an additional 90 shares during the period. CBIZ Investment Advisory Services LLC increased its stake in shares of Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after buying an additional 85 shares during the period. Abound Financial LLC purchased a new position in shares of Salesforce in the first quarter worth $31,000. Finally, Christopher J. Hasenberg Inc increased its stake 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 buying an additional 92 shares during the period. 80.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CRM. Erste Group Bank downgraded shares of Salesforce from a “buy” rating to a “hold” rating in a research note on Thursday, June 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $430.00 target price on shares of Salesforce in a research note on Tuesday, September 2nd. DA Davidson raised shares of Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 target price on the stock in a research note on Friday, August 15th. Macquarie reaffirmed a “neutral” rating and issued a $290.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Salesforce has an average rating of “Moderate Buy” and a consensus target price of $332.58.

Insiders Place Their Bets

In other news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $245.85, for a total transaction of $553,162.50. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,928,459,730.35. The trade was a 0.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David Blair Kirk bought 3,400 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director owned 3,824 shares in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 78,750 shares of company stock worth $19,955,745. Company insiders own 3.00% of the company’s stock.

Salesforce Stock Performance

Shares of CRM stock opened at $243.58 on Monday. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The stock has a market cap of $231.89 billion, a PE ratio of 35.40, a price-to-earnings-growth ratio of 2.22 and a beta of 1.22. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The company’s fifty day moving average price is $249.32 and its 200-day moving average price is $261.46.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 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 firm had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the business posted $2.56 EPS. The company’s quarterly 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, equities analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

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