Signaturefd LLC Buys 396 Shares of Salesforce Inc. $CRM

Signaturefd LLC boosted its stake in shares of Salesforce Inc. (NYSE:CRM) by 1.9% during the second quarter, Holdings Channel.com reports. The firm owned 21,337 shares of the CRM provider’s stock after purchasing an additional 396 shares during the quarter. Signaturefd LLC’s holdings in Salesforce were worth $5,819,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in Salesforce by 13.7% in the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after buying an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after purchasing an additional 205 shares during the last quarter. Bison Wealth LLC raised its position in shares of Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after purchasing an additional 184 shares during the last quarter. Voloridge Investment Management LLC purchased a new position in shares of Salesforce in the 4th quarter valued at approximately $872,000. Finally, Versant Capital Management Inc raised its position in shares of Salesforce by 29.9% in the 1st quarter. Versant Capital Management Inc now owns 1,927 shares of the CRM provider’s stock valued at $517,000 after purchasing an additional 444 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Sanford C. Bernstein decreased their price objective on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research report on Thursday, September 4th. Piper Sandler decreased their price objective on shares of Salesforce from $335.00 to $315.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. KeyCorp decreased their price objective on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $325.00 target price on shares of Salesforce in a report on Thursday, September 4th. Finally, Morgan Stanley lifted their target price on Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Salesforce presently has an average rating of “Moderate Buy” and an average price target of $332.58.

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $245.85, for a total value of $553,162.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,928,459,730.35. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Blair Kirk acquired 3,400 shares of the business’s 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 completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 78,750 shares of company stock worth $19,955,745. Insiders own 3.00% of the company’s stock.

Salesforce Trading Up 1.1%

Salesforce stock opened at $243.58 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The stock’s 50 day simple moving average is $249.32 and its two-hundred day simple moving average is $261.69. The firm has a market cap of $231.89 billion, a PE ratio of 35.40, a P/E/G ratio of 2.20 and a beta of 1.22.

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

Salesforce Dividend Announcement

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 $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%.

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.