Premier Path Wealth Partners LLC Acquires 629 Shares of Salesforce Inc. $CRM

Premier Path Wealth Partners LLC lifted its holdings in shares of Salesforce Inc. (NYSE:CRM) by 6.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 10,045 shares of the CRM provider’s stock after acquiring an additional 629 shares during the period. Premier Path Wealth Partners LLC’s holdings in Salesforce were worth $2,739,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Nuveen LLC acquired a new stake in Salesforce during the first quarter valued at approximately $2,039,196,000. Longview Partners Guernsey LTD bought a new position in shares of Salesforce during the 1st quarter worth approximately $467,944,000. Pacer Advisors Inc. lifted its position in shares of Salesforce by 1,744.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after buying an additional 1,721,550 shares during the period. Vanguard Group Inc. boosted its stake in Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after buying an additional 1,383,942 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. bought a new stake in Salesforce in the first quarter valued at $345,100,000. Institutional investors own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

CRM has been the subject of a number of analyst reports. JMP Securities reissued a “market outperform” rating and set a $430.00 price objective on shares of Salesforce in a report on Friday, October 17th. Bank of America cut their price target on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Piper Sandler reaffirmed an “overweight” rating and set a $315.00 price objective on shares of Salesforce in a report on Thursday, October 16th. Finally, Citigroup boosted their target price on Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Salesforce has an average rating of “Moderate Buy” and a consensus target price of $325.23.

Insider Buying and Selling at Salesforce

In other Salesforce news, Director David Blair Kirk purchased 3,400 shares of the stock in a transaction dated Tuesday, September 9th. The stock was bought at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the transaction, the director directly owned 3,824 shares in the company, valued at $973,819.84. This represents a 801.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $247.57, for a total transaction of $557,032.50. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $2,948,947,632.47. This represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 78,750 shares of company stock worth $19,372,703 in the last ninety days. 3.00% of the stock is currently owned by insiders.

Salesforce Trading Down 1.1%

Shares of NYSE CRM opened at $251.42 on Thursday. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The company has a 50-day moving average of $247.04 and a two-hundred day moving average of $258.02. The company has a market cap of $239.35 billion, a PE ratio of 36.54, a P/E/G ratio of 2.13 and a beta of 1.19. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last released 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 business 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 firm 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, equities analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were given a dividend of $0.416 per share. The ex-dividend date was 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%.

Salesforce Company 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.