Siren L.L.C. Purchases New Position in Salesforce Inc. $CRM

Siren L.L.C. purchased a new stake in shares of Salesforce Inc. (NYSE:CRM) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 14,600 shares of the CRM provider’s stock, valued at approximately $3,918,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bernard Wealth Management Corp. purchased a new position in shares of Salesforce during the fourth quarter valued at about $25,000. Capital A Wealth Management LLC grew its holdings in Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 90 shares during the period. CBIZ Investment Advisory Services LLC grew its holdings in Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 85 shares during the period. Abound Financial LLC purchased a new stake in Salesforce in the first quarter worth about $31,000. Finally, Wood Tarver Financial Group LLC purchased a new stake in Salesforce in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Transactions at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $251.12, for a total transaction of $565,020.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $2,991,233,709.52. This trade represents a 0.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David Blair Kirk purchased 3,400 shares of Salesforce stock in a transaction dated Tuesday, September 9th. The stock was acquired 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 in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 68,327 shares of company stock valued at $17,450,793 in the last quarter. 3.00% of the stock is currently owned by company insiders.

Salesforce Stock Performance

Shares of NYSE:CRM opened at $242.62 on Thursday. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. 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 firm has a fifty day simple moving average of $254.29 and a two-hundred day simple moving average of $265.66. The stock has a market capitalization of $230.98 billion, a P/E ratio of 35.26, a PEG ratio of 2.30 and a beta of 1.22.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the previous year, the company earned $2.56 EPS. The firm’s revenue for the quarter 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, analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be paid 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 currently 24.13%.

Analyst Ratings Changes

A number of brokerages have weighed in on CRM. Robert W. Baird cut their price objective on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Roth Capital restated a “buy” rating and issued a $395.00 target price on shares of Salesforce in a report on Thursday, September 4th. Bank of America dropped their target price on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating on the stock in a report on Tuesday, August 26th. Erste Group Bank downgraded shares of Salesforce from a “buy” rating to a “hold” rating in a research report on Thursday, June 5th. Finally, Deutsche Bank Aktiengesellschaft decreased 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and an average price target of $332.58.

About Salesforce

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.