Account Management LLC Invests $202,000 in Salesforce Inc. $CRM

Account Management LLC bought a new position in Salesforce Inc. (NYSE:CRM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 740 shares of the CRM provider’s stock, valued at approximately $202,000. Salesforce accounts for 0.2% of Account Management LLC’s portfolio, making the stock its 25th largest position.

Several other hedge funds also recently made changes to their positions in CRM. Nuveen LLC acquired a new stake in shares of Salesforce in the 1st quarter worth $2,039,196,000. Longview Partners Guernsey LTD acquired a new stake in shares of Salesforce in the 1st quarter worth $467,944,000. Pacer Advisors Inc. lifted its stake in shares of Salesforce by 1,744.0% in the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after acquiring an additional 1,721,550 shares during the period. Vanguard Group Inc. lifted its stake in shares of Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after acquiring an additional 1,383,942 shares during the period. Finally, Diamond Hill Capital Management Inc. acquired a new stake in shares of Salesforce in the 1st quarter worth $345,100,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Performance

Shares of NYSE CRM opened at $240.23 on Thursday. The company has a market cap of $228.70 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 2.07 and a beta of 1.19. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The company has a 50-day simple moving average of $245.13 and a 200-day simple moving average of $259.53.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion during 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 company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $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, equities analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $241.32, for a total transaction of $542,970.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,874,500,313.72. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 78,750 shares of company stock worth $19,679,535 in the last ninety days. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CRM. Roth Capital reiterated a “buy” rating and issued a $395.00 price target on shares of Salesforce in a report on Thursday, September 4th. UBS Group cut their price target on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a report on Monday, August 18th. Oppenheimer cut their price target on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Tuesday, August 26th. KeyCorp cut their price target on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, September 4th. Finally, Sanford C. Bernstein cut their price target on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.