Relyea Zuckerberg Hanson LLC Buys 356 Shares of Salesforce Inc. $CRM

Relyea Zuckerberg Hanson LLC grew its position in shares of Salesforce Inc. (NYSE:CRM) by 15.3% in the 2nd quarter, Holdings Channel reports. The firm owned 2,681 shares of the CRM provider’s stock after acquiring an additional 356 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Salesforce were worth $731,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CRM. Painted Porch Advisors LLC increased its stake in Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Capital A Wealth Management LLC boosted its position in shares of 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 buying an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its holdings in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 85 shares during the last quarter. Abound Financial LLC bought a new stake in Salesforce in the 1st quarter worth about $31,000. Finally, Christopher J. Hasenberg Inc increased its position in shares of Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after acquiring an additional 92 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Insiders Place Their Bets

In other Salesforce news, Director David Blair Kirk purchased 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $236.38, for a total value of $531,855.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,815,657,152.98. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 78,750 shares of company stock worth $19,747,868. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on CRM. Royal Bank Of Canada lowered their price objective on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 4th. Stifel Nicolaus reduced their target price on Salesforce from $375.00 to $325.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Canaccord Genuity Group decreased their price target on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. BMO Capital Markets lowered their target price on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Finally, Roth Capital reaffirmed a “buy” rating and set a $395.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $332.58.

Salesforce Trading Up 0.6%

NYSE CRM opened at $240.25 on Monday. The firm has a market cap of $228.72 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 2.08 and a beta of 1.19. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The stock has a 50-day moving average of $246.66 and a 200-day moving average of $260.05. 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 (NYSE:CRM) last announced 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. The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.56 EPS. 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, sell-side analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be issued a $0.416 dividend. 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 dividend payout ratio (DPR) is 24.13%.

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.