Park Place Capital Corp Sells 331 Shares of Salesforce Inc. $CRM

Park Place Capital Corp lowered its stake in shares of Salesforce Inc. (NYSE:CRM) by 5.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,104 shares of the CRM provider’s stock after selling 331 shares during the period. Park Place Capital Corp’s holdings in Salesforce were worth $1,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Painted Porch Advisors LLC raised its position in shares of Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after buying an additional 65 shares during the last quarter. Capital A Wealth Management LLC raised 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 raised its position in shares of Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after buying an additional 85 shares during the last quarter. Abound Financial LLC bought a new stake in shares of Salesforce during the first quarter valued at approximately $31,000. Finally, Christopher J. Hasenberg Inc raised 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 buying an additional 92 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CRM shares. Robert W. Baird reduced their price objective on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. BMO Capital Markets reduced their price objective on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Stifel Nicolaus reduced their price target on shares of Salesforce from $375.00 to $325.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. Piper Sandler reduced their price target on shares of Salesforce from $335.00 to $315.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Finally, Bank of America reduced their price target on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating on the stock in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and a consensus price target of $332.58.

Insiders Place Their Bets

In other news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $242.91, for a total transaction of $546,547.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,893,439,711.61. 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 can be accessed through this link. Also, Director David Blair Kirk bought 3,400 shares of the stock in a transaction dated Tuesday, September 9th. The shares were bought at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of the purchase, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This trade represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 78,750 shares of company stock valued at $19,889,213 over the last three months. Insiders own 3.00% of the company’s stock.

Salesforce Stock Up 0.6%

NYSE CRM opened at $244.95 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average of $248.98 and a two-hundred day moving average of $261.22. The firm has a market capitalization of $233.19 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 2.22 and a beta of 1.22. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. The company had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. Salesforce’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce’s payout ratio is currently 24.13%.

Salesforce 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.