Salesforce Inc. $CRM Shares Acquired by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC lifted its stake in shares of Salesforce Inc. (NYSE:CRM) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,688 shares of the CRM provider’s stock after acquiring an additional 125 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Salesforce were worth $733,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CRM. Diversified Trust Co grew its position in Salesforce by 30.1% in the second quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider’s stock worth $7,577,000 after buying an additional 6,430 shares during the last quarter. Neville Rodie & Shaw Inc. grew its position in Salesforce by 4.6% in the second quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider’s stock worth $16,353,000 after buying an additional 2,644 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs acquired a new position in Salesforce in the first quarter worth approximately $9,367,000. Jones Financial Companies Lllp grew its position in Salesforce by 31.2% in the first quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider’s stock worth $93,016,000 after buying an additional 81,916 shares during the last quarter. Finally, Wesbanco Bank Inc. grew its position in Salesforce by 6.8% in the second quarter. Wesbanco Bank Inc. now owns 110,968 shares of the CRM provider’s stock worth $30,260,000 after buying an additional 7,091 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insiders Place Their Bets

In other news, Director David Blair Kirk bought 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were purchased 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 of the company’s stock, valued at $973,819.84. The trade was a 801.89% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Monday, August 11th. The stock was sold at an average price of $236.45, for a total transaction of $532,012.50. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $2,816,490,962.95. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,750 shares of company stock worth $19,572,233 in the last 90 days. 3.00% of the stock is owned by insiders.

Salesforce Trading Down 3.6%

Shares of NYSE:CRM opened at $239.87 on Wednesday. The firm has a market capitalization of $228.36 billion, a P/E ratio of 34.87, a price-to-earnings-growth ratio of 2.15 and a beta of 1.19. The firm has a fifty day moving average of $244.47 and a two-hundred day moving average of $258.36. The company has a quick ratio of 1.12, a current 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.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. Salesforce’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last 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. On average, equities analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were issued a dividend of $0.416 per share. The ex-dividend date was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is currently 24.13%.

Analyst Ratings Changes

CRM has been the topic of several recent research reports. Royal Bank Of Canada decreased their price target 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. Citigroup raised their price objective on shares of Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. BMO Capital Markets decreased their price objective on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a research note 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 note on Thursday, September 4th. Finally, Northland Securities lowered shares of Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price objective for the company. in a research note on Tuesday. Twenty-five research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Salesforce presently has an average rating of “Moderate Buy” and an average price target of $328.22.

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.