Castle Wealth Management LLC Boosts Holdings in Salesforce Inc. $CRM

Castle Wealth Management LLC grew its position in shares of Salesforce Inc. (NYSE:CRM) by 7.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,223 shares of the CRM provider’s stock after purchasing an additional 449 shares during the period. Castle Wealth Management LLC’s holdings in Salesforce were worth $1,699,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Painted Porch Advisors LLC increased its stake in shares of Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after buying an additional 65 shares during 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 last quarter. 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 last quarter. Abound Financial LLC bought a new stake 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 last quarter. Institutional investors own 80.43% of the company’s stock.

Wall Street Analysts Forecast Growth

CRM has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Macquarie reaffirmed a “neutral” rating and issued a $250.00 price objective on shares of Salesforce in a report on Thursday, October 16th. Oppenheimer decreased their price objective on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Tuesday, August 26th. DA Davidson reaffirmed a “neutral” rating and issued a $225.00 price objective on shares of Salesforce in a report on Thursday, October 16th. Finally, Robert W. Baird decreased their price objective on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $325.23.

Insiders Place Their Bets

In related news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $252.28, for a total value of $567,630.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $3,005,051,131.88. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 78,750 shares of company stock valued at $19,448,213 over the last three months. Corporate insiders own 3.00% of the company’s stock.

Salesforce Stock Performance

Shares of CRM opened at $256.78 on Thursday. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The company has a market cap of $244.45 billion, a price-to-earnings ratio of 37.32, a price-to-earnings-growth ratio of 2.17 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a fifty day moving average of $245.85 and a 200-day moving average of $257.92.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (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 during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the company posted $2.56 earnings per share. The company’s revenue for the quarter 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, equities analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were issued a $0.416 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.6%. Salesforce’s dividend payout ratio is presently 24.13%.

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.