Acorns Advisers LLC Acquires 189 Shares of Salesforce Inc. $CRM

Acorns Advisers LLC lifted its holdings in shares of Salesforce Inc. (NYSE:CRM) by 27.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 869 shares of the CRM provider’s stock after acquiring an additional 189 shares during the period. Acorns Advisers LLC’s holdings in Salesforce were worth $233,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Belpointe Asset Management LLC boosted its holdings in Salesforce by 91.4% during the first quarter. Belpointe Asset Management LLC now owns 7,735 shares of the CRM provider’s stock worth $2,077,000 after purchasing an additional 3,694 shares during the last quarter. Intech Investment Management LLC boosted its holdings in Salesforce by 6.1% during the first quarter. Intech Investment Management LLC now owns 305,317 shares of the CRM provider’s stock worth $81,935,000 after purchasing an additional 17,634 shares during the last quarter. Focus Partners Wealth boosted its holdings in Salesforce by 4.9% during the first quarter. Focus Partners Wealth now owns 231,301 shares of the CRM provider’s stock worth $62,072,000 after purchasing an additional 10,782 shares during the last quarter. Capital Impact Advisors LLC purchased a new position in Salesforce during the first quarter worth about $10,714,000. Finally, Integrity Alliance LLC. boosted its holdings in Salesforce by 567.6% during the first quarter. Integrity Alliance LLC. now owns 7,737 shares of the CRM provider’s stock worth $2,076,000 after purchasing an additional 6,578 shares during the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CRM has been the topic of a number of research analyst reports. Barclays dropped their target price on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a research note on Monday, August 18th. Robert W. Baird decreased their target price 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. 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. JMP Securities reissued a “market outperform” rating and issued a $430.00 price target on shares of Salesforce in a report on Tuesday, September 2nd. Finally, Westpark Capital reaffirmed a “buy” rating and issued a $320.00 price objective on shares of Salesforce in a research note on Wednesday, May 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $332.58.

Salesforce Stock Down 0.1%

Shares of Salesforce stock opened at $252.12 on Wednesday. The firm has a market cap of $240.02 billion, a price-to-earnings ratio of 36.65, a PEG ratio of 2.30 and a beta of 1.22. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The company has a 50-day moving average of $254.82 and a 200 day moving average of $265.82.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The firm 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%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm 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. As a group, sell-side analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

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 dividend of $0.416 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce’s payout ratio is currently 24.13%.

Insiders Place Their Bets

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total transaction of $578,295.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $3,061,511,978.42. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 68,327 shares of company stock worth $17,450,793 over the last quarter. 3.00% of the stock is owned by insiders.

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.