Bar Harbor Wealth Management Purchases 240 Shares of Salesforce Inc. $CRM

Bar Harbor Wealth Management boosted its position in Salesforce Inc. (NYSE:CRM) by 1.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 14,586 shares of the CRM provider’s stock after buying an additional 240 shares during the quarter. Bar Harbor Wealth Management’s holdings in Salesforce were worth $3,977,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Coign Capital Advisors LLC increased its holdings in Salesforce by 1.7% in the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock worth $586,000 after purchasing an additional 37 shares in the last quarter. Staley Capital Advisers Inc. increased its stake in shares of Salesforce by 1.1% in the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock valued at $897,000 after buying an additional 38 shares during the period. KDT Advisors LLC increased its stake in shares of Salesforce by 4.1% in the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock valued at $260,000 after buying an additional 38 shares during the period. Liberty One Investment Management LLC increased its stake in shares of Salesforce by 1.2% in the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock valued at $849,000 after buying an additional 39 shares during the period. Finally, First Command Advisory Services Inc. increased its stake in shares of Salesforce by 7.3% in the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock valued at $154,000 after buying an additional 39 shares during the period. Institutional investors own 80.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CRM. UBS Group decreased their price target on Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a research note on Monday, August 18th. Citigroup increased their price target on Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a research note on Tuesday, September 9th. Needham & Company LLC reissued a “buy” rating and issued a $400.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Sanford C. Bernstein decreased their price target on Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research note on Thursday, September 4th. Finally, Royal Bank Of Canada decreased their price target on Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research note on Thursday, September 4th. Twenty-six equities research 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. According to MarketBeat, Salesforce presently has an average rating of “Moderate Buy” and a consensus target price of $332.58.

Salesforce Stock Up 0.2%

CRM stock opened at $240.23 on Thursday. The stock’s 50 day moving average is $245.13 and its 200-day moving average is $259.53. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The firm has a market capitalization of $228.70 billion, a PE ratio of 34.92, a P/E/G ratio of 2.07 and a beta of 1.19. 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 (NYSE:CRM) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the business posted $2.56 EPS. The business’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. Sell-side analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

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

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $241.32, for a total value of $542,970.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $2,874,500,313.72. This represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 78,750 shares of company stock valued at $19,679,535. Corporate insiders own 3.00% of the company’s stock.

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.