12,861 Shares in Salesforce Inc. $CRM Purchased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. acquired a new stake in shares of Salesforce Inc. (NYSE:CRM) in the second quarter, HoldingsChannel.com reports. The firm acquired 12,861 shares of the CRM provider’s stock, valued at approximately $3,507,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CRM. KDT Advisors LLC lifted its position in Salesforce by 4.1% in the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock valued at $260,000 after acquiring an additional 38 shares in the last quarter. Scott & Selber Inc. lifted its holdings in shares of Salesforce by 0.7% during the second quarter. Scott & Selber Inc. now owns 5,850 shares of the CRM provider’s stock valued at $1,595,000 after purchasing an additional 39 shares in the last quarter. Hanson & Doremus Investment Management boosted its position in shares of Salesforce by 6.9% during the second quarter. Hanson & Doremus Investment Management now owns 607 shares of the CRM provider’s stock valued at $166,000 after buying an additional 39 shares during the last quarter. Beverly Hills Private Wealth LLC increased its holdings in Salesforce by 2.3% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 1,716 shares of the CRM provider’s stock worth $468,000 after buying an additional 39 shares in the last quarter. Finally, Lifeworks Advisors LLC raised its position in Salesforce by 2.9% in the 2nd quarter. Lifeworks Advisors LLC now owns 1,420 shares of the CRM provider’s stock worth $387,000 after buying an additional 40 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Analyst Upgrades and Downgrades

CRM has been the topic of a number of recent analyst reports. Bank of America dropped their price target on shares of Salesforce from $325.00 to $305.00 and set a “buy” rating on the stock in a report on Monday, November 17th. Needham & Company LLC restated a “buy” rating and issued a $400.00 target price on shares of Salesforce in a report on Thursday, December 4th. Macquarie boosted their target price on shares of Salesforce from $250.00 to $265.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Canaccord Genuity Group restated a “buy” rating and issued a $300.00 price target on shares of Salesforce in a research note on Thursday, December 4th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.46.

Salesforce Stock Down 0.0%

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

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

Salesforce Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Parker Harris sold 134,662 shares of Salesforce stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the sale, the insider owned 139,767 shares in the company, valued at $32,803,314.90. This trade represents a 49.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director G Mason Morfit bought 96,000 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were bought at an average price of $260.58 per share, with a total value of $25,015,680.00. Following the transaction, the director owned 2,994,509 shares of the company’s stock, valued at $780,309,155.22. The trade was a 3.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 177,534 shares of company stock worth $42,194,197 in the last three months. 3.00% of the stock is owned by company insiders.

About Salesforce

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.