Salesforce Inc. $CRM Shares Bought by Wealth Alliance Advisory Group LLC

Wealth Alliance Advisory Group LLC raised its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 60.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 8,415 shares of the CRM provider's stock after acquiring an additional 3,161 shares during the period. Wealth Alliance Advisory Group LLC's holdings in Salesforce were worth $2,295,000 at the end of the most recent reporting period.

• Salesforce Stumbles, But Investors Eye a Major Comeback

Several other institutional investors also recently bought and sold shares of CRM. Nuveen LLC acquired a new position in Salesforce in the 1st quarter valued at $2,039,196,000. GAMMA Investing LLC raised its holdings in Salesforce by 30,456.9% in the 1st quarter. GAMMA Investing LLC now owns 3,801,588 shares of the CRM provider's stock valued at $1,020,194,000 after acquiring an additional 3,789,147 shares during the last quarter. Longview Partners Guernsey LTD acquired a new position in Salesforce in the 1st quarter valued at $467,944,000. Pacer Advisors Inc. raised its holdings in Salesforce by 1,744.0% in the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider's stock valued at $488,486,000 after acquiring an additional 1,721,550 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider's stock valued at $23,592,501,000 after acquiring an additional 1,383,942 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Stock Down 1.5%

Shares of NYSE CRM opened at $242.68 on Friday. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The company has a market cap 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. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average price of $253.21 and a 200 day moving average price of $264.50.

• MarketBeat Week in Review – 08/18 - 08/22

Salesforce (NYSE:CRM - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the firm earned $2.56 EPS. The firm's quarterly 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. Research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be issued a $0.416 dividend. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce's dividend payout ratio is currently 24.13%.

Analyst Ratings Changes

• 3 Reasons Salesforce Is a Bargain Right Now

CRM has been the subject of several analyst reports. Roth Capital reiterated a "buy" rating and issued a $395.00 price target on shares of Salesforce in a report on Thursday, September 4th. DA Davidson upgraded Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 price objective for the company in a report on Friday, August 15th. Northland Securities dropped their price objective on Salesforce from $423.00 to $396.00 and set an "outperform" rating for the company in a report on Thursday, May 29th. Westpark Capital restated a "buy" rating and set a $320.00 price objective on shares of Salesforce in a report on Wednesday, May 28th. Finally, Erste Group Bank downgraded Salesforce from a "buy" rating to a "hold" rating in a report on Thursday, June 5th. One equities 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $332.58.

Read Our Latest Analysis on Salesforce

Insider Buying and Selling at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $246.66, for a total value of $554,985.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,938,108,102.86. This represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Blair Kirk acquired 3,400 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was purchased at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of the transaction, the director owned 3,824 shares in the company, valued at $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 70,577 shares of company stock valued at $18,005,778. 3.00% of the stock is owned by insiders.

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.

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