SGL Investment Advisors Inc. Buys 307 Shares of Salesforce Inc. $CRM

SGL Investment Advisors Inc. increased its position in shares of Salesforce Inc. (NYSE:CRM) by 40.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,060 shares of the CRM provider’s stock after purchasing an additional 307 shares during the quarter. SGL Investment Advisors Inc.’s holdings in Salesforce were worth $290,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Painted Porch Advisors LLC boosted its position in shares of Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 65 shares in the last quarter. Capital A Wealth Management LLC increased its stake in shares of Salesforce by 450.0% in the 1st 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 during the last quarter. CBIZ Investment Advisory Services LLC lifted its position in shares of Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after buying an additional 85 shares during the last quarter. Abound Financial LLC acquired a new stake in Salesforce in the first quarter valued at about $31,000. Finally, Christopher J. Hasenberg Inc grew its position in Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after acquiring an additional 92 shares during the last quarter. 80.43% of the stock is owned by institutional investors.

Salesforce Trading Up 2.3%

Shares of CRM stock opened at $245.85 on Tuesday. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a 50 day simple moving average of $246.17 and a two-hundred day simple moving average of $259.80. The company has a market cap of $234.05 billion, a P/E ratio of 35.73, a PEG ratio of 2.08 and a beta of 1.19.

Salesforce (NYSE:CRM) last posted its quarterly 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 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 company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business 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. Research analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

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

Insider Activity

In related news, Director David Blair Kirk acquired 3,400 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was purchased at an average cost of $254.66 per share, with a total value of $865,844.00. Following the acquisition, the director 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 purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $251.94, for a total value of $566,865.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,001,001,197.74. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,750 shares of company stock worth $19,747,868. 3.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CRM shares. Canaccord Genuity Group lowered their price objective on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 target price on shares of Salesforce in a research note on Thursday, September 4th. JMP Securities reiterated a “market outperform” rating and issued a $430.00 price target on shares of Salesforce in a research note on Tuesday, September 2nd. Oppenheimer cut their price objective on Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, August 26th. Finally, Stifel Nicolaus reduced their price objective on Salesforce from $375.00 to $325.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. Twenty-six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $332.58.

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.