Freestone Capital Holdings LLC Grows Position in Salesforce Inc. $CRM

Freestone Capital Holdings LLC raised its stake in shares of Salesforce Inc. (NYSE:CRM) by 6.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,278 shares of the CRM provider’s stock after acquiring an additional 4,863 shares during the period. Salesforce comprises approximately 0.8% of Freestone Capital Holdings LLC’s investment portfolio, making the stock its 20th largest holding. Freestone Capital Holdings LLC’s holdings in Salesforce were worth $22,436,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Painted Porch Advisors LLC grew its position in Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 65 shares in the last quarter. Capital A Wealth Management LLC grew its holdings 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 valued at $30,000 after acquiring an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC increased 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 valued at $30,000 after acquiring an additional 85 shares during the last quarter. Abound Financial LLC purchased a new position in Salesforce in the first quarter worth $31,000. Finally, Christopher J. Hasenberg Inc boosted its position in 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 purchasing an additional 92 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $255.30, for a total value of $574,425.00. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,041,024,076.30. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David Blair Kirk bought 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The shares were acquired at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the transaction, the director owned 3,824 shares of the company’s stock, valued at $973,819.84. This represents a 801.89% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 76,500 shares of company stock valued at $18,804,983 over the last 90 days. Company insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CRM has been the topic of a number of recent analyst reports. Citigroup lifted their target price on Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. Morgan Stanley lifted their price objective on shares of Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Macquarie reiterated a “neutral” rating and issued a $250.00 target price on shares of Salesforce in a research note on Thursday, October 16th. Northland Capmk lowered shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. dropped their price objective on Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $325.23.

Salesforce Stock Performance

Shares of CRM opened at $260.55 on Monday. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The stock’s 50-day simple moving average is $247.52 and its 200 day simple moving average is $258.14. 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 stock has a market capitalization of $248.04 billion, a price-to-earnings ratio of 37.87, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the business posted $2.56 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were issued a $0.416 dividend. This represents a $1.66 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) 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.