Onyx Bridge Wealth Group LLC Purchases 141 Shares of Salesforce Inc. $CRM

Onyx Bridge Wealth Group LLC lifted its position in shares of Salesforce Inc. (NYSE:CRM) by 11.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,330 shares of the CRM provider’s stock after purchasing an additional 141 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in Salesforce were worth $363,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Painted Porch Advisors LLC lifted 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 purchasing an additional 65 shares in the last quarter. Capital A Wealth Management LLC lifted 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 purchasing an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted 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 purchasing an additional 85 shares in the last quarter. Abound Financial LLC bought a new position in shares of Salesforce during the first quarter valued at about $31,000. Finally, Christopher J. Hasenberg Inc lifted 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 purchasing an additional 92 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Salesforce Price Performance

CRM opened at $256.78 on Thursday. The company has a market capitalization of $244.45 billion, a price-to-earnings ratio of 37.32, a PEG ratio of 2.17 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. The firm has a 50-day moving average price of $245.85 and a 200-day moving average price of $257.92. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. The firm 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 revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company 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. Equities analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were given a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is 24.13%.

Insider Buying and Selling

In other news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $242.44, for a total value of $545,490.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,887,841,273.24. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Blair Kirk acquired 3,400 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was purchased at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the transaction, the director directly owned 3,824 shares of the company’s stock, valued at $973,819.84. This trade represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders sold 78,750 shares of company stock valued at $19,448,213 over the last 90 days. 3.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CRM has been the topic of a number of recent analyst reports. Oppenheimer dropped their price target on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 26th. Wedbush restated an “outperform” rating and set a $375.00 price objective on shares of Salesforce in a report on Thursday, October 16th. Piper Sandler restated an “overweight” rating and set a $315.00 price objective on shares of Salesforce in a report on Thursday, October 16th. BMO Capital Markets decreased their price objective on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Finally, Morgan Stanley raised their price objective on shares of Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Twenty-five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $325.23.

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.