Wealthfront Advisers LLC Buys Shares of 90,625 Salesforce Inc. $CRM

Wealthfront Advisers LLC bought a new stake in Salesforce Inc. (NYSE:CRM) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 90,625 shares of the CRM provider’s stock, valued at approximately $14,197,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Temasek Holdings Private Ltd boosted its stake in shares of Salesforce by 3.7% in the 4th quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock valued at $181,143,000 after purchasing an additional 24,332 shares in the last quarter. SFE Investment Counsel increased its position in Salesforce by 82.7% during the 4th quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider’s stock worth $4,608,000 after purchasing an additional 7,871 shares in the last quarter. Fluent Financial LLC acquired a new position in Salesforce during the 2nd quarter worth approximately $2,265,000. Secured Retirement Advisors LLC bought a new position in Salesforce in the 1st quarter valued at approximately $1,004,000. Finally, Janus Henderson Group PLC boosted its position in Salesforce by 2.5% in the first quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock valued at $23,846,000 after buying an additional 3,125 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Price Performance

CRM stock opened at $196.28 on Wednesday. The company has a fifty day moving average price of $172.00 and a 200-day moving average price of $181.47. The company has a market capitalization of $160.76 billion, a P/E ratio of 22.72, a PEG ratio of 1.06 and a beta of 1.16. Salesforce Inc. has a 52-week low of $146.32 and a 52-week high of $269.11. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.13 by $0.75. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same quarter in the previous year, the business earned $2.58 earnings per share. Salesforce’s revenue was up 13.3% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. As a group, equities analysts expect that Salesforce Inc. will post 10.27 EPS for the current year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, June 11th. Salesforce’s payout ratio is 20.37%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Macquarie Infrastructure decreased their target price on shares of Salesforce from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, May 28th. Barclays upgraded Salesforce from an “overweight” rating to an “overweight” rating in a research note on Thursday, June 18th. Piper Sandler downgraded Salesforce from an “overweight” rating to a “neutral” rating in a report on Thursday, May 28th. UBS Group boosted their price objective on Salesforce from $185.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $325.00 target price on shares of Salesforce in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $249.49.

Salesforce Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.