Grassi Investment Management Raises Position in Salesforce Inc. $CRM

Grassi Investment Management raised its stake in shares of Salesforce Inc. (NYSE:CRM) by 0.3% during the second quarter, HoldingsChannel reports. The firm owned 33,614 shares of the CRM provider’s stock after buying an additional 100 shares during the quarter. Grassi Investment Management’s holdings in Salesforce were worth $9,166,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CRM. Painted Porch Advisors LLC raised its position in Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 65 shares during the period. Capital A Wealth Management LLC raised its holdings in shares of Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after buying an additional 90 shares during the period. CBIZ Investment Advisory Services LLC raised its holdings in shares of Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after buying an additional 85 shares during the period. Abound Financial LLC purchased a new stake in shares of Salesforce in the first quarter worth approximately $31,000. Finally, Christopher J. Hasenberg Inc raised its holdings in shares of Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after buying an additional 92 shares during the period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director David Blair Kirk bought 3,400 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were bought 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 approximately $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $265.77, for a total transaction of $597,982.50. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,165,738,224.67. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 81,000 shares of company stock worth $20,357,213 in the last quarter. 3.00% of the stock is owned by insiders.

Salesforce Stock Performance

Shares of CRM stock opened at $240.25 on Friday. The firm has a market cap of $228.72 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 2.06 and a beta of 1.19. The company’s 50 day moving average is $246.66 and its 200 day moving average is $260.32. 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 52-week low of $226.48 and a 52-week high of $369.00.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the company posted $2.56 earnings per share. Salesforce’s revenue was up 9.8% compared to the same quarter last year. 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 EPS for the current fiscal year.

Salesforce Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CRM shares. Wells Fargo & Company reduced their target price on Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 4th. Piper Sandler reduced their target price on Salesforce from $335.00 to $315.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. BMO Capital Markets reduced their price target on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Canaccord Genuity Group reduced their price target on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Finally, Sanford C. Bernstein reduced their target price on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research report on Thursday, September 4th. Twenty-six analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $332.58.

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.