Richard P Slaughter Associates Inc Acquires 271 Shares of Salesforce Inc. $CRM

Richard P Slaughter Associates Inc raised its holdings in Salesforce Inc. (NYSE:CRM) by 11.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,573 shares of the CRM provider’s stock after acquiring an additional 271 shares during the period. Richard P Slaughter Associates Inc’s holdings in Salesforce were worth $702,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Canandaigua National Trust Co of Florida grew its holdings in shares of Salesforce by 1.9% during the second quarter. Canandaigua National Trust Co of Florida now owns 3,262 shares of the CRM provider’s stock worth $890,000 after purchasing an additional 62 shares during the last quarter. RMR Wealth Builders grew its holdings in shares of Salesforce by 7.7% during the second quarter. RMR Wealth Builders now owns 9,510 shares of the CRM provider’s stock worth $2,593,000 after purchasing an additional 677 shares during the last quarter. Gradient Investments LLC grew its holdings in shares of Salesforce by 1.2% during the second quarter. Gradient Investments LLC now owns 44,824 shares of the CRM provider’s stock worth $12,223,000 after purchasing an additional 541 shares during the last quarter. Mirabaud & Cie SA grew its holdings in shares of Salesforce by 608.5% during the second quarter. Mirabaud & Cie SA now owns 6,695 shares of the CRM provider’s stock worth $1,826,000 after purchasing an additional 5,750 shares during the last quarter. Finally, GK Wealth Management LLC bought a new stake in shares of Salesforce during the second quarter worth about $303,000. 80.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CRM. Deutsche Bank Aktiengesellschaft reduced their price target on Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Oppenheimer reduced their price target on Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, August 26th. Barclays cut their price objective on Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a research note on Monday, August 18th. Macquarie reaffirmed a “neutral” rating and issued a $290.00 price objective on shares of Salesforce in a research note on Thursday, September 4th. Finally, Robert W. Baird cut their price objective on Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $332.58.

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total transaction of $578,295.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $3,061,511,978.42. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average price of $254.66 per share, with a total value of $865,844.00. Following the acquisition, the director owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 70,577 shares of company stock worth $18,005,778. Insiders own 3.00% of the company’s stock.

Salesforce Price Performance

Shares of CRM opened at $242.68 on Monday. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. 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 business’s 50 day moving average price is $253.21 and its two-hundred day moving average price is $264.29. The firm has a market cap of $231.03 billion, a PE ratio of 35.27, a price-to-earnings-growth ratio of 2.21 and a beta of 1.22.

Salesforce (NYSE:CRM) last issued 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 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 analyst estimates of $10.14 billion. During the same period in the previous year, the firm earned $2.56 earnings per share. The company’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. On average, equities analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be paid a $0.416 dividend. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce’s payout ratio is 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.