760 Shares in Salesforce Inc. $CRM Purchased by Williams & Novak LLC

Williams & Novak LLC acquired a new position in Salesforce Inc. (NYSE:CRM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 760 shares of the CRM provider’s stock, valued at approximately $207,000.

Several other institutional investors also recently bought and sold shares of CRM. Brighton Jones LLC boosted its holdings in Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after buying an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Salesforce by 12.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after purchasing an additional 205 shares during the last quarter. Bison Wealth LLC boosted its holdings in shares of Salesforce by 9.0% during the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after purchasing an additional 184 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Salesforce by 13.9% during the 1st quarter. GAMMA Investing LLC now owns 14,166 shares of the CRM provider’s stock worth $3,802,000 after purchasing an additional 1,725 shares during the last quarter. Finally, Simon Quick Advisors LLC boosted its holdings in shares of Salesforce by 16.9% during the 1st quarter. Simon Quick Advisors LLC now owns 4,941 shares of the CRM provider’s stock worth $1,326,000 after purchasing an additional 715 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CRM has been the topic of several recent research reports. Oppenheimer lowered their target price on Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, August 26th. Cantor Fitzgerald restated an “overweight” rating and set a $325.00 target price on shares of Salesforce in a report on Thursday, September 4th. Piper Sandler lowered their target price on Salesforce from $335.00 to $315.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. DA Davidson upgraded Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 target price on the stock in a report on Friday, August 15th. Finally, Royal Bank Of Canada lowered their target price on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a report on Thursday, September 4th. Twenty-six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $331.89.

Salesforce Trading Down 1.3%

CRM opened at $242.11 on Friday. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The stock has a market capitalization of $230.49 billion, a PE ratio of 35.19, a P/E/G ratio of 2.12 and a beta of 1.19. The business’s 50 day moving average price is $244.68 and its 200 day moving average price is $258.93. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, equities research analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were given a $0.416 dividend. 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 0.7%. Salesforce’s payout ratio is presently 24.13%.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $239.79, for a total value of $539,527.50. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $2,856,275,610.09. 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 available through this link. Insiders sold a total of 78,750 shares of company stock valued at $19,634,805 over the last 90 days. 3.00% of the stock is owned by insiders.

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.