Salesforce Inc. $CRM Shares Bought by Nova Wealth Management Inc.

Nova Wealth Management Inc. lifted its stake in shares of Salesforce Inc. (NYSE:CRM) by 38.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 636 shares of the CRM provider’s stock after buying an additional 175 shares during the quarter. Nova Wealth Management Inc.’s holdings in Salesforce were worth $171,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CRM. Nuveen LLC acquired a new position in shares of Salesforce during the first quarter worth about $2,039,196,000. GAMMA Investing LLC grew its position in shares of Salesforce by 30,456.9% during the first quarter. GAMMA Investing LLC now owns 3,801,588 shares of the CRM provider’s stock worth $1,020,194,000 after buying an additional 3,789,147 shares in the last quarter. Longview Partners Guernsey LTD acquired a new position in shares of Salesforce during the first quarter worth about $467,944,000. Pacer Advisors Inc. grew 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 buying an additional 1,721,550 shares in the last quarter. Finally, Vanguard Group Inc. grew 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 buying an additional 1,383,942 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Salesforce

In related news, Director David Blair Kirk purchased 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, for a total transaction of $865,844.00. Following the completion of the purchase, the director directly owned 3,824 shares of the company’s stock, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $246.66, for a total value of $554,985.00. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $2,938,108,102.86. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 70,577 shares of company stock valued at $18,005,778 in the last 90 days. Company insiders own 3.00% of the company’s stock.

Salesforce Price Performance

Shares of NYSE CRM opened at $242.68 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 twelve month low of $226.48 and a twelve month high of $369.00. The stock has a 50 day moving average of $253.21 and a two-hundred day moving average of $264.79. The stock has a market cap of $231.03 billion, a P/E ratio of 35.27, a P/E/G ratio of 2.24 and a beta of 1.22.

Salesforce (NYSE:CRM) last issued its quarterly earnings data 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. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the business earned $2.56 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, research analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

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

Analysts Set New Price Targets

CRM has been the subject of a number of analyst reports. DA Davidson raised Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 price objective for the company in a research report on Friday, August 15th. Deutsche Bank Aktiengesellschaft lowered their price target on Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 price target on shares of Salesforce in a report on Thursday, September 4th. Stifel Nicolaus lowered their price target on Salesforce from $375.00 to $325.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $290.00 price target on shares of Salesforce in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued 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, Salesforce presently has an average rating of “Moderate Buy” and an average price target of $332.58.

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.