Financial Gravity Companies Inc. Buys New Stake in Salesforce Inc. $CRM

Financial Gravity Companies Inc. bought a new stake in shares of Salesforce Inc. (NYSE:CRM) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 9,015 shares of the CRM provider’s stock, valued at approximately $2,458,000.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Salesforce by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after purchasing an additional 1,383,942 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Salesforce by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 20,873,900 shares of the CRM provider’s stock valued at $5,669,224,000 after purchasing an additional 114,504 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Salesforce by 6.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock worth $2,484,616,000 after purchasing an additional 600,386 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Salesforce by 5.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock worth $2,419,037,000 after buying an additional 437,435 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Salesforce in the first quarter valued at approximately $2,039,196,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Performance

NYSE CRM opened at $243.86 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The firm has a market capitalization of $232.16 billion, a P/E ratio of 35.45, a P/E/G ratio of 2.11 and a beta of 1.19. The business’s 50-day simple moving average is $246.51 and its 200-day simple moving average is $257.56.

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 analysts’ consensus estimates 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 in the prior year, the company 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. Equities analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO Marc Benioff sold 122 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $259.00, for a total value of $31,598.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,085,096,889. This represents a 0.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 67,622 shares of company stock worth $16,714,561. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. BMO Capital Markets decreased their target price on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Canaccord Genuity Group reduced their price target on Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Wall Street Zen downgraded Salesforce from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Oppenheimer reduced their target price on Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 26th. Finally, DA Davidson reissued a “neutral” rating and issued a $225.00 price target on shares of Salesforce in a research note on Thursday, October 16th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $325.23.

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.