Birchbrook Inc. Has $1.37 Million Stock Holdings in Salesforce Inc. $CRM

by · The Cerbat Gem

Birchbrook Inc. lessened its holdings in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 2.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,112 shares of the CRM provider’s stock after selling 105 shares during the period. Salesforce accounts for 0.8% of Birchbrook Inc.’s portfolio, making the stock its 29th largest position. Birchbrook Inc.’s holdings in Salesforce were worth $1,372,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CRM. Bernard Wealth Management Corp. acquired a new stake in Salesforce during the 4th quarter worth $25,000. Capital A Wealth Management LLC grew its holdings in Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 90 shares during the period. CBIZ Investment Advisory Services LLC grew its holdings in 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 acquiring an additional 85 shares during the period. Abound Financial LLC acquired a new stake in Salesforce during the 1st quarter worth $31,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in Salesforce during the 4th quarter worth $35,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CRM. Royal Bank Of Canada reduced their price target on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 4th. Roth Capital reissued a “buy” rating and set a $395.00 price target on shares of Salesforce in a research report on Thursday, September 4th. JMP Securities reissued a “market outperform” rating and set a $430.00 price target on shares of Salesforce in a research report on Tuesday, September 2nd. Mizuho reduced their price target on shares of Salesforce from $425.00 to $380.00 and set an “outperform” rating on the stock in a research report on Thursday, May 15th. Finally, Stifel Nicolaus reduced their price target on shares of Salesforce from $375.00 to $325.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and an average target price of $332.58.

View Our Latest Stock Report on Salesforce

Salesforce Trading Up 1.5%

CRM opened at $246.26 on Friday. The stock has a market capitalization of $234.44 billion, a P/E ratio of 35.79, a P/E/G ratio of 2.21 and a beta of 1.22. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The firm’s fifty day simple moving average is $253.79 and its 200 day simple moving average is $265.23. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM – Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. As a group, research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be given a dividend of $0.416 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce’s payout ratio is 24.13%.

Insider Activity

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $246.66, for a total transaction of $554,985.00. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,938,108,102.86. The trade was a 0.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David Blair Kirk purchased 3,400 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were acquired at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 70,577 shares of company stock worth $18,005,778 over the last three months. Insiders own 3.00% of the company’s stock.

Salesforce Profile

(Free Report)

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.

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