AMG National Trust Bank Purchases 273 Shares of Salesforce Inc. $CRM

AMG National Trust Bank grew its position in shares of Salesforce Inc. (NYSE:CRM) by 3.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,437 shares of the CRM provider’s stock after purchasing an additional 273 shares during the quarter. AMG National Trust Bank’s holdings in Salesforce were worth $2,028,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CRM. Brighton Jones LLC grew its position in Salesforce by 13.7% during the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after acquiring an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Salesforce by 12.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after acquiring an additional 205 shares during the last quarter. Bison Wealth LLC grew its position in Salesforce by 9.0% during the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after acquiring an additional 184 shares during the last quarter. Golden State Wealth Management LLC grew its position in Salesforce by 23.7% during the 1st quarter. Golden State Wealth Management LLC now owns 1,931 shares of the CRM provider’s stock worth $518,000 after acquiring an additional 370 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its position in Salesforce by 181.5% during the 1st quarter. DAVENPORT & Co LLC now owns 18,799 shares of the CRM provider’s stock worth $5,045,000 after acquiring an additional 12,120 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on CRM. Wells Fargo & Company reduced their price target on Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 4th. Sanford C. Bernstein cut their price objective on Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research report on Thursday, September 4th. Wedbush reiterated an “outperform” rating and issued a $375.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. Wall Street Zen upgraded Salesforce from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Finally, Macquarie reiterated a “neutral” rating and issued a $250.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $325.23.

Insiders Place Their Bets

In related news, Director David Blair Kirk acquired 3,400 shares of the stock in a transaction on Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director owned 3,824 shares of the company’s stock, valued at $973,819.84. This represents a 801.89% increase 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, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $248.56, for a total value of $559,260.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $2,960,740,087.76. The trade was a 0.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 78,750 shares of company stock valued at $19,372,928 in the last quarter. 3.00% of the stock is owned by company insiders.

Salesforce Trading Up 1.5%

CRM opened at $260.55 on Friday. The stock has a market cap of $248.04 billion, a PE ratio of 37.87, a PEG ratio of 2.11 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 business has a 50 day moving average of $247.52 and a 200-day moving average of $258.06. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00.

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

Salesforce Announces Dividend

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

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.