B. Riley Wealth Advisors Inc. Takes $3.51 Million Position in Salesforce Inc. $CRM

B. Riley Wealth Advisors Inc. acquired a new position in shares of Salesforce Inc. (NYSE:CRM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,861 shares of the CRM provider’s stock, valued at approximately $3,507,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Salesforce in the 2nd quarter worth about $2,826,049,000. Laurel Wealth Advisors LLC raised its holdings in shares of Salesforce by 27,361.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,424,169 shares of the CRM provider’s stock valued at $933,737,000 after buying an additional 3,411,700 shares in the last quarter. Acadian Asset Management LLC lifted its position in Salesforce by 1,729.6% in the 2nd quarter. Acadian Asset Management LLC now owns 1,973,141 shares of the CRM provider’s stock worth $538,020,000 after buying an additional 1,865,297 shares during the last quarter. Longview Partners Guernsey LTD purchased a new stake in Salesforce in the first quarter worth approximately $467,944,000. Finally, Amundi grew its position in Salesforce by 26.2% during the second quarter. Amundi now owns 7,755,317 shares of the CRM provider’s stock valued at $2,087,545,000 after acquiring an additional 1,612,413 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 122 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $259.00, for a total transaction of $31,598.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,085,096,889. This trade represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director G Mason Morfit bought 96,000 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were acquired at an average price of $260.58 per share, for a total transaction of $25,015,680.00. Following the acquisition, the director owned 2,994,509 shares in the company, valued at approximately $780,309,155.22. This represents a 3.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 177,534 shares of company stock valued at $42,194,197 over the last ninety days. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

CRM has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Salesforce in a research note on Monday, November 24th. Guggenheim restated a “neutral” rating on shares of Salesforce in a research report on Thursday, December 4th. Wedbush reiterated an “outperform” rating and issued a $375.00 price objective on shares of Salesforce in a report on Thursday, December 4th. Citizens Jmp restated a “market outperform” rating and set a $430.00 target price on shares of Salesforce in a report on Tuesday, December 2nd. Finally, DA Davidson increased their price objective on Salesforce from $225.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Salesforce currently has an average rating of “Moderate Buy” and an average target price of $326.46.

Salesforce Trading Down 0.0%

Shares of CRM opened at $262.34 on Friday. Salesforce Inc. has a 1-year low of $221.96 and a 1-year high of $367.09. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average price is $245.50 and its 200-day moving average price is $252.08. The firm has a market capitalization of $245.81 billion, a price-to-earnings ratio of 35.03, a PEG ratio of 1.95 and a beta of 1.25.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 EPS for the quarter, topping the consensus estimate of $2.86 by $0.39. The business had revenue of $10.26 billion during the quarter, compared to analyst estimates of $10.27 billion. Salesforce had a net margin of 17.91% and a return on equity of 14.41%. Salesforce’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $2.41 earnings per share. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Sell-side analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 18th will be given a dividend of $0.416 per share. The ex-dividend date is Thursday, December 18th. This represents a $1.66 annualized dividend and a dividend yield of 0.6%. Salesforce’s payout ratio is currently 22.16%.

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.