Total Clarity Wealth Management Inc. Has $253,000 Stock Position in Salesforce Inc. $CRM

by · The Markets Daily

Total Clarity Wealth Management Inc. grew its position in Salesforce Inc. (NYSE:CRM – Free Report) by 35.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 926 shares of the CRM provider’s stock after buying an additional 240 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Salesforce were worth $253,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Salesforce by 1.6% in the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after buying an additional 1,383,942 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Salesforce by 6.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock worth $2,484,616,000 after purchasing an additional 600,386 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Salesforce by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock worth $2,419,037,000 after purchasing an additional 437,435 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Salesforce in the first quarter worth approximately $2,039,196,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Salesforce by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider’s stock worth $1,707,316,000 after purchasing an additional 295,681 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Price Performance

Shares of CRM opened at $248.77 on Tuesday. The firm has a market cap of $236.83 billion, a PE ratio of 36.16, a PEG ratio of 2.09 and a beta of 1.19. The firm’s 50 day moving average price is $244.61 and its 200 day moving average price is $258.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00.

Salesforce (NYSE:CRM – Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion during 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%. Salesforce’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.56 earnings per share. 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 expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were issued a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s dividend payout ratio is currently 24.13%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CRM shares. JMP Securities reissued a “market outperform” rating and issued a $430.00 price target on shares of Salesforce in a research report on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. DA Davidson raised shares of Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 price target for the company in a research report on Friday, August 15th. BMO Capital Markets reduced their price target on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. Finally, Sanford C. Bernstein reduced their price target on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research report on Thursday, September 4th. Twenty-six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $331.89.

Check Out Our Latest Research Report on Salesforce

Insider Activity

In related news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $239.79, for a total transaction of $539,527.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,856,275,610.09. This represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 76,500 shares of company stock worth $19,049,130. 3.00% of the stock is currently owned by corporate insiders.

About Salesforce

(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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