Grant Private Wealth Management Inc Makes New $1.46 Million Investment in Salesforce Inc. $CRM

Grant Private Wealth Management Inc bought a new position in Salesforce Inc. (NYSE:CRM) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,151 shares of the CRM provider’s stock, valued at approximately $1,458,000. Salesforce accounts for 0.9% of Grant Private Wealth Management Inc’s investment portfolio, making the stock its 26th biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Painted Porch Advisors LLC lifted its position in 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 buying an additional 65 shares in the last quarter. Evolution Wealth Management Inc. acquired a new stake in shares of Salesforce in the 2nd quarter valued at approximately $27,000. CBIZ Investment Advisory Services LLC grew its stake in Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 85 shares during the period. Christopher J. Hasenberg Inc increased its stake in Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after purchasing an additional 92 shares in the last quarter. Finally, Maseco LLP bought a new stake in Salesforce in the 2nd quarter valued at $34,000. 80.43% of the stock is owned by institutional investors.

Salesforce Price Performance

CRM stock opened at $255.22 on Wednesday. The company has a market capitalization of $239.14 billion, a P/E ratio of 34.07, a price-to-earnings-growth ratio of 1.90 and a beta of 1.25. The business has a 50-day simple moving average of $245.97 and a two-hundred day simple moving average of $251.76. Salesforce Inc. has a 52-week low of $221.96 and a 52-week high of $367.09. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 0.98.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.39. The business had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $10.27 billion. Salesforce had a net margin of 17.91% and a return on equity of 14.41%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.41 earnings per share. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Research analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 18th will be paid a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, December 18th. Salesforce’s payout ratio is currently 22.16%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CRM. Macquarie raised their price objective on Salesforce from $250.00 to $265.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Northland Securities upped their price target on shares of Salesforce from $264.00 to $267.00 and gave the company a “market perform” rating in a research note on Thursday, December 4th. Wedbush reiterated an “outperform” rating and set a $375.00 price objective on shares of Salesforce in a research report on Thursday, December 4th. Canaccord Genuity Group restated a “buy” rating and set a $300.00 target price on shares of Salesforce in a research report on Thursday, December 4th. Finally, Wells Fargo & Company dropped their price target on Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.46.

Insider Activity at Salesforce

In other news, insider Parker Harris sold 134,662 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $234.70, for a total value of $31,605,171.40. Following the completion of the transaction, the insider directly owned 139,767 shares in the company, valued at approximately $32,803,314.90. This trade represents a 49.07% decrease 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, Director G Mason Morfit purchased 96,000 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was purchased at an average cost of $260.58 per share, for a total transaction of $25,015,680.00. Following the acquisition, the director owned 2,994,509 shares of the company’s stock, valued at approximately $780,309,155.22. This trade represents a 3.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have sold 175,284 shares of company stock worth $41,648,819. 3.00% of the stock is owned by company insiders.

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.