Pointe Capital Management LLC Buys Shares of 3,125 Salesforce Inc. $CRM

Pointe Capital Management LLC purchased a new position in shares of Salesforce Inc. (NYSE:CRMFree Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,125 shares of the CRM provider’s stock, valued at approximately $490,000.

Other large investors have also made changes to their positions in the company. Odyssean LLC bought a new position in Salesforce in the second quarter valued at approximately $2,807,000. Invst LLC bought a new stake in Salesforce during the second quarter worth $828,000. First Bancorp Inc ME bought a new stake in Salesforce during the second quarter worth $452,000. Roberts Glore & Co. Inc. IL acquired a new stake in shares of Salesforce in the 2nd quarter valued at $746,000. Finally, Jupiter Topco LLC bought a new position in shares of Salesforce in the 2nd quarter valued at $19,035,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Trading Down 1.6%

NYSE CRM opened at $205.74 on Wednesday. The company has a market cap of $168.50 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 1.13 and a beta of 1.16. Salesforce Inc. has a twelve month low of $146.32 and a twelve month high of $269.11. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. The business’s fifty day moving average is $176.11 and its 200 day moving average is $181.49.

Salesforce (NYSE:CRMGet Free Report) last issued its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The business had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter in the prior year, the firm earned $2.58 EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, sell-side analysts expect that Salesforce Inc. will post 10.27 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were paid a $0.44 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. Salesforce’s dividend payout ratio is currently 20.37%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Salesforce from $200.00 to $205.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 12th. Wolfe Research cut Salesforce from an “outperform” rating to a “hold” rating in a research report on Wednesday, July 1st. Canaccord Genuity Group reissued a “buy” rating and set a $225.00 target price on shares of Salesforce in a research note on Tuesday. The Goldman Sachs Group initiated coverage on shares of Salesforce in a report on Thursday, June 18th. They issued a “neutral” rating for the company. Finally, UBS Group raised their price target on shares of Salesforce from $185.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Salesforce presently has an average rating of “Moderate Buy” and a consensus target price of $248.72.

View Our Latest Stock Analysis on CRM

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

  • Positive Sentiment: Analysts continue to see upside: Canaccord Genuity reaffirmed a “buy” rating with a $225 price target, Citizens JMP maintained “market outperform” with a $315 target, and BTIG reiterated “buy” with a $255 target. These targets imply that the recent pullback has created potential valuation upside. Analyst rating updates
  • Positive Sentiment: Agentforce adoption and Salesforce’s expanding AI ecosystem are expected to support subscription growth. New integrations from ZoomInfo and Agiloft on the AgentExchange marketplace also suggest that third-party developers are increasingly using Salesforce and Slack AI workflows, strengthening the company’s platform moat. CRM Q2 earnings preview AgentExchange ecosystem
  • Neutral Sentiment: Jefferies expects an in-line fiscal second quarter. Its survey of 20 Salesforce partners was moderately encouraging, with 70% reporting results at or above plan, but investors are likely to focus more heavily on management’s second-half growth outlook and Agentforce monetization. Jefferies Salesforce outlook
  • Negative Sentiment: The earnings setup leaves little room for disappointment: Salesforce is expected to post roughly 10.6% revenue growth, while analysts want evidence that slower sales growth is reaccelerating. The stock is also testing technical resistance near $210, and broader caution toward technology shares may be limiting buying ahead of the report.

About Salesforce

(Free Report)

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.

Further Reading

Institutional Ownership by Quarter for Salesforce (NYSE:CRM)

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