Wealthspire Advisors LLC Buys 1,208 Shares of Salesforce Inc. $CRM

Wealthspire Advisors LLC increased its position in Salesforce Inc. (NYSE:CRM) by 14.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,532 shares of the CRM provider’s stock after purchasing an additional 1,208 shares during the period. Wealthspire Advisors LLC’s holdings in Salesforce were worth $2,599,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CRM. Painted Porch Advisors LLC lifted its stake in shares of Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after buying an additional 65 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its position in shares of 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 acquiring an additional 85 shares in the last quarter. Christopher J. Hasenberg Inc raised its holdings in Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after acquiring an additional 92 shares during the last quarter. Maseco LLP bought a new position in Salesforce in the 2nd quarter valued at approximately $34,000. Finally, Quaker Wealth Management LLC lifted its position in Salesforce by 208.6% in the 2nd quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock valued at $34,000 after acquiring an additional 242 shares in the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Trading Down 2.5%

CRM stock opened at $227.59 on Thursday. Salesforce Inc. has a twelve month low of $225.06 and a twelve month high of $369.00. The stock has a market capitalization of $216.67 billion, a price-to-earnings ratio of 33.08, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. 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’s fifty day simple moving average is $245.53 and its two-hundred day simple moving average is $256.75.

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. As a group, analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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

Insider Transactions at Salesforce

In other Salesforce news, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the purchase, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This represents a 801.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Monday, September 15th. The shares were sold at an average price of $242.39, for a total value of $545,377.50. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $2,887,245,694.69. This represents a 0.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 63,122 shares of company stock worth $15,615,413. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on CRM shares. JMP Securities reaffirmed a “market outperform” rating and set a $430.00 price target on shares of Salesforce in a report on Friday, October 17th. Sanford C. Bernstein reduced their price target on Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research report on Thursday, September 4th. BMO Capital Markets decreased their price objective on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Wells Fargo & Company decreased their target price on Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 4th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Salesforce in a report on Monday. Twenty-five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $323.51.

Salesforce 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.