Topsail Wealth Management LLC Takes $244,000 Position in Salesforce Inc. $CRM

Topsail Wealth Management LLC bought a new stake in Salesforce Inc. (NYSE:CRM) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 895 shares of the CRM provider’s stock, valued at approximately $244,000.

Several other hedge funds have also added to or reduced their stakes in CRM. Brighton Jones LLC boosted its holdings in Salesforce by 13.7% in the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after acquiring an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after acquiring an additional 205 shares during the last quarter. Bison Wealth LLC boosted its holdings in Salesforce by 9.0% in the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after acquiring an additional 184 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Salesforce by 13.9% in the first quarter. GAMMA Investing LLC now owns 14,166 shares of the CRM provider’s stock valued at $3,802,000 after acquiring an additional 1,725 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Salesforce by 37.2% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,961 shares of the CRM provider’s stock valued at $526,000 after acquiring an additional 532 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Insider Activity

In other Salesforce news, Director David Blair Kirk acquired 3,400 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, 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 position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $246.07, for a total value of $553,657.50. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $2,931,080,275.97. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,750 shares of company stock worth $19,424,880 in the last quarter. 3.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CRM shares. Canaccord Genuity Group decreased their price target on Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Wedbush reiterated an “outperform” rating and issued a $375.00 price target on shares of Salesforce in a report on Thursday, October 16th. Roth Capital restated a “buy” rating and set a $395.00 target price on shares of Salesforce in a report on Thursday, September 4th. Morgan Stanley raised their target price on Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Finally, KeyCorp reduced their target price on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and an average price target of $325.23.

Salesforce Price Performance

Shares of CRM opened at $254.93 on Friday. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. 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 cap of $242.69 billion, a P/E ratio of 37.05, a price-to-earnings-growth ratio of 2.14 and a beta of 1.19. The stock’s 50-day moving average price is $246.53 and its two-hundred day moving average price is $258.17.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the business posted $2.56 EPS. Salesforce’s revenue for the quarter was up 9.8% on a year-over-year basis. 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 predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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

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.