Salesforce Inc. $CRM Shares Purchased by Kintra Wealth LLC

Kintra Wealth LLC raised its holdings in Salesforce Inc. (NYSE:CRM) by 117.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,896 shares of the CRM provider’s stock after buying an additional 2,101 shares during the quarter. Kintra Wealth LLC’s holdings in Salesforce were worth $610,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Commonwealth Retirement Investments LLC purchased a new stake in shares of Salesforce during the 4th quarter valued at $25,000. Manning & Napier Advisors LLC purchased a new stake in Salesforce during the second quarter valued at about $26,000. Gilpin Wealth Management LLC purchased a new position in shares of Salesforce in the 4th quarter worth about $26,000. Persistent Asset Partners Ltd purchased a new stake in shares of Salesforce during the 2nd quarter worth about $27,000. Finally, Costello Asset Management INC raised its holdings in Salesforce by 410.3% in the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock valued at $28,000 after buying an additional 119 shares during the period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Salesforce

In other Salesforce news, Director Craig Conway sold 4,500 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $260.61, for a total value of $1,172,745.00. Following the transaction, the director owned 5,437 shares of the company’s stock, valued at $1,416,936.57. This trade represents a 45.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CRM has been the topic of a number of research reports. BTIG Research reissued a “buy” rating and issued a $300.00 target price on shares of Salesforce in a research note on Wednesday, September 2nd. Roth Capital reiterated a “buy” rating and issued a $325.00 target price on shares of Salesforce in a research note on Thursday, May 28th. Wall Street Zen lowered Salesforce from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. KeyCorp lowered shares of Salesforce from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, July 8th. Finally, Mizuho raised their price target on shares of Salesforce from $250.00 to $265.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $266.50.

Salesforce Price Performance

Shares of CRM opened at $259.39 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02. The firm has a market cap of $213.48 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 1.20 and a beta of 1.20. Salesforce Inc. has a 52 week low of $146.32 and a 52 week high of $269.11. The stock has a 50 day moving average of $193.90 and a 200-day moving average of $185.49.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, beating the consensus estimate of $3.27 by $2.63. The firm had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.33 billion. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.91 earnings per share. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. As a group, analysts forecast that Salesforce Inc. will post 12.65 EPS for the current year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, September 17th. This represents a $1.76 annualized dividend and a yield of 0.7%. Salesforce’s dividend payout ratio is 16.04%.

Salesforce Company Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.