Perigon Wealth Management LLC Has $12.29 Million Stake in Salesforce Inc. $CRM

Perigon Wealth Management LLC reduced its holdings in Salesforce Inc. (NYSE:CRM) by 5.6% in the 2nd quarter, Holdings Channel reports. The fund owned 45,054 shares of the CRM provider’s stock after selling 2,669 shares during the quarter. Perigon Wealth Management LLC’s holdings in Salesforce were worth $12,286,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Nuveen LLC acquired a new position in shares of Salesforce in the 1st quarter valued at about $2,039,196,000. GAMMA Investing LLC increased its stake in Salesforce by 30,456.9% in the first quarter. GAMMA Investing LLC now owns 3,801,588 shares of the CRM provider’s stock valued at $1,020,194,000 after acquiring an additional 3,789,147 shares during the last quarter. Longview Partners Guernsey LTD purchased a new position in shares of Salesforce in the first quarter worth about $467,944,000. Pacer Advisors Inc. grew its stake in shares of Salesforce by 1,744.0% in the first quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after purchasing an additional 1,721,550 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Salesforce by 1.6% during the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after purchasing an additional 1,383,942 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Performance

CRM stock opened at $245.85 on Thursday. The company has a 50-day simple moving average of $250.07 and a 200 day simple moving average of $262.14. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $234.05 billion, a P/E ratio of 35.73, a PEG ratio of 2.23 and a beta of 1.22. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00.

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, topping analysts’ consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business 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. Sell-side analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be issued a dividend of $0.416 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce’s payout ratio is presently 24.13%.

Wall Street Analysts Forecast Growth

Several analysts have commented on CRM shares. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Stifel Nicolaus reduced their target price on shares of Salesforce from $375.00 to $325.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Macquarie reiterated a “neutral” rating and issued a $290.00 target price on shares of Salesforce in a research report on Thursday, September 4th. Barclays reduced their price target on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a research note on Monday, August 18th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $332.58.

Insider Buying and Selling at Salesforce

In related news, Director David Blair Kirk acquired 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were bought at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the purchase, the director owned 3,824 shares in the company, valued at $973,819.84. This trade represents a 801.89% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $269.38, for a total value of $606,105.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,208,738,995.98. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,500 shares of company stock valued at $19,402,583 over the last ninety days. Insiders own 3.00% of the company’s stock.

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.