Wealth Alliance Advisory Group LLC Boosts Stake in Salesforce Inc. $CRM

Wealth Alliance Advisory Group LLC raised its position in Salesforce Inc. (NYSE:CRM) by 60.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 8,415 shares of the CRM provider’s stock after purchasing an additional 3,161 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Salesforce were worth $2,295,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. bought a new position in shares of Salesforce during the fourth quarter worth about $25,000. Wood Tarver Financial Group LLC bought a new position in shares of Salesforce during the fourth quarter worth about $35,000. Capital A Wealth Management LLC lifted its position in shares of Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its position in shares of Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 85 shares during the last quarter. Finally, Abound Financial LLC bought a new position in shares of Salesforce during the first quarter worth about $31,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Salesforce

In other news, Director David Blair Kirk purchased 3,400 shares of the company’s stock in a transaction on Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $246.66, for a total transaction of $554,985.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $2,938,108,102.86. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,577 shares of company stock worth $18,005,778 in the last 90 days. 3.00% of the stock is owned by company insiders.

Salesforce Stock Performance

Shares of NYSE CRM opened at $242.68 on Friday. The firm’s 50-day moving average price is $253.21 and its two-hundred day moving average price is $264.50. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The stock has a market capitalization of $231.03 billion, a P/E ratio of 35.27, a P/E/G ratio of 2.24 and a beta of 1.22. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the business earned $2.56 earnings per share. Salesforce’s 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, sell-side analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CRM shares. Macquarie reaffirmed a “neutral” rating and set a $290.00 price target on shares of Salesforce in a research report on Thursday, September 4th. UBS Group reduced their price target on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a research report on Monday, August 18th. Robert W. Baird reduced their price target on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Morgan Stanley raised their target price on shares of Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Finally, Stephens cut their target price on shares of Salesforce from $311.00 to $309.00 and set an “equal weight” rating on the stock in a report on Friday, May 30th. One 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $332.58.

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.