740 Shares in Salesforce Inc. $CRM Acquired by Account Management LLC

Account Management LLC bought a new position in Salesforce Inc. (NYSE:CRM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 740 shares of the CRM provider’s stock, valued at approximately $202,000. Salesforce comprises approximately 0.2% of Account Management LLC’s portfolio, making the stock its 25th largest position.

Several other hedge funds have also modified their holdings of the stock. Beaumont Asset Management L.L.C. boosted its position in shares of Salesforce by 1.1% in the second quarter. Beaumont Asset Management L.L.C. now owns 7,727 shares of the CRM provider’s stock worth $2,107,000 after acquiring an additional 85 shares during the last quarter. Notis McConarty Edward boosted its position in shares of Salesforce by 70.7% in the second quarter. Notis McConarty Edward now owns 6,562 shares of the CRM provider’s stock worth $1,789,000 after acquiring an additional 2,718 shares during the last quarter. Cohen Investment Advisors LLC lifted its position in Salesforce by 4.4% during the second quarter. Cohen Investment Advisors LLC now owns 12,187 shares of the CRM provider’s stock valued at $3,323,000 after buying an additional 509 shares in the last quarter. Trifecta Capital Advisors LLC lifted its position in Salesforce by 8.3% during the second quarter. Trifecta Capital Advisors LLC now owns 26,506 shares of the CRM provider’s stock valued at $7,228,000 after buying an additional 2,024 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its position in Salesforce by 5.0% during the second quarter. Maryland State Retirement & Pension System now owns 45,380 shares of the CRM provider’s stock valued at $12,375,000 after buying an additional 2,163 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Up 0.2%

Shares of NYSE:CRM opened at $240.23 on Thursday. 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 has a fifty day simple moving average of $245.13 and a 200 day simple moving average of $259.53. The firm has a market cap of $228.70 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 2.07 and a beta of 1.19. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) 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 business’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. On average, equities research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

Insiders Place Their Bets

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $241.32, for a total transaction of $542,970.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $2,874,500,313.72. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 78,750 shares of company stock worth $19,679,535 in the last three months. 3.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CRM. Oppenheimer reduced their price target on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 26th. Piper Sandler reduced their price target on shares of Salesforce from $335.00 to $315.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. BMO Capital Markets reduced their price target on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Canaccord Genuity Group reduced their price target on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Finally, Roth Capital reaffirmed a “buy” rating and set a $395.00 price target on shares of Salesforce in a research report on Thursday, September 4th. Twenty-six research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $332.58.

Salesforce 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.