Courier Capital LLC Purchases 107 Shares of Salesforce Inc. $CRM

Courier Capital LLC lifted its position in Salesforce Inc. (NYSE:CRM) by 0.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,265 shares of the CRM provider’s stock after purchasing an additional 107 shares during the quarter. Courier Capital LLC’s holdings in Salesforce were worth $3,345,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CRM. Brighton Jones LLC increased its holdings in shares of Salesforce by 13.7% in the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after purchasing an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after purchasing an additional 205 shares during the last quarter. Bison Wealth LLC increased its holdings in shares of Salesforce by 9.0% in the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after purchasing an additional 184 shares during the last quarter. GAMMA Investing LLC increased its stake in Salesforce by 13.9% during the first quarter. GAMMA Investing LLC now owns 14,166 shares of the CRM provider’s stock worth $3,802,000 after acquiring an additional 1,725 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC bought a new stake in Salesforce during the first quarter worth approximately $5,440,000. 80.43% of the stock is owned by institutional investors.

Insider Transactions at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $239.79, for a total transaction of $539,527.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,856,275,610.09. This represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 76,500 shares of company stock worth $19,049,130. 3.00% of the stock is currently owned by company insiders.

Salesforce Stock Up 2.9%

Shares of NYSE CRM opened at $248.77 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $236.83 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 2.09 and a beta of 1.19. The stock’s fifty day simple moving average is $244.61 and its two-hundred day simple moving average is $258.49. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00.

Salesforce (NYSE:CRM) last announced its earnings results 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. The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were given a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is 24.13%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CRM. Citigroup boosted their price objective on Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. Roth Capital reissued a “buy” rating and set a $395.00 price objective on shares of Salesforce in a research note on Thursday, September 4th. Stifel Nicolaus reduced their price objective on Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, October 9th. Wells Fargo & Company reduced their price objective 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. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $325.00 price objective on shares of Salesforce in a research note on Thursday, September 4th. Twenty-six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and an average target price of $331.89.

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.