Verde Capital Management Buys 614 Shares of Salesforce Inc. $CRM

Verde Capital Management raised its stake in shares of Salesforce Inc. (NYSE:CRM) by 7.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,051 shares of the CRM provider’s stock after purchasing an additional 614 shares during the quarter. Verde Capital Management’s holdings in Salesforce were worth $2,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CRM. Bernard Wealth Management Corp. bought a new stake in Salesforce during the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC lifted its position in Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its position in Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 85 shares during the last quarter. Abound Financial LLC bought a new stake in Salesforce during the first quarter valued at approximately $31,000. Finally, Wood Tarver Financial Group LLC bought a new stake in Salesforce during the fourth quarter valued at approximately $35,000. 80.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Erste Group Bank lowered shares of Salesforce from a “buy” rating to a “hold” rating in a report on Thursday, June 5th. Morgan Stanley boosted their price objective on shares of Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Wells Fargo & Company lowered their price objective on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Finally, Robert W. Baird lowered their price objective on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a 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 issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $332.58.

Salesforce Trading Down 1.5%

NYSE:CRM opened at $242.68 on Friday. The company has a fifty day moving average of $253.21 and a 200 day moving average of $264.50. 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 market capitalization of $231.03 billion, a P/E ratio of 35.27, a P/E/G ratio of 2.24 and a beta of 1.22.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating 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 company had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the business posted $2.56 EPS. The firm’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, research analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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

Insiders Place Their Bets

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

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.