Trifecta Capital Advisors LLC Buys 2,024 Shares of Salesforce Inc. $CRM

Trifecta Capital Advisors LLC raised its stake in Salesforce Inc. (NYSE:CRM) by 8.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 26,506 shares of the CRM provider’s stock after acquiring an additional 2,024 shares during the quarter. Trifecta Capital Advisors LLC’s holdings in Salesforce were worth $7,228,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CRM. Nuveen LLC bought a new stake in shares of Salesforce during the first quarter worth about $2,039,196,000. Longview Partners Guernsey LTD bought a new stake in shares of Salesforce during the first quarter worth about $467,944,000. Pacer Advisors Inc. increased its position in shares of Salesforce by 1,744.0% during the first quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after acquiring an additional 1,721,550 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Salesforce by 1.6% during the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after acquiring an additional 1,383,942 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. bought a new stake in shares of Salesforce during the first quarter worth about $345,100,000. 80.43% of the stock is owned by institutional investors.

Salesforce Stock Performance

Shares of CRM stock opened at $240.23 on Thursday. The stock has a market capitalization of $228.70 billion, a P/E ratio of 34.92, a PEG ratio of 2.07 and a beta of 1.19. 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 firm’s 50 day moving average is $245.13 and its 200 day moving average is $259.53. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00.

Salesforce (NYSE:CRM) last announced 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. The company had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. Salesforce’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $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. On average, sell-side analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. Robert W. Baird cut their price target on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Bank of America cut their price target on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating on the stock in a report on Tuesday, August 26th. Oppenheimer cut their price target on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, August 26th. Finally, JMP Securities restated a “market outperform” rating and set a $430.00 price target on shares of Salesforce in a report on Tuesday, September 2nd. Twenty-six analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $332.58.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $241.32, for a total transaction of $542,970.00. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,874,500,313.72. This represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 78,750 shares of company stock worth $19,679,535. Corporate insiders own 3.00% of the company’s stock.

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.