RPG Investment Advisory LLC Acquires 40,057 Shares of Salesforce Inc. $CRM

RPG Investment Advisory LLC raised its holdings in shares of Salesforce Inc. (NYSE:CRM) by 105.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,204 shares of the CRM provider’s stock after acquiring an additional 40,057 shares during the quarter. RPG Investment Advisory LLC’s holdings in Salesforce were worth $20,987,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Mccarter Private Wealth Services LLC raised its holdings in Salesforce by 11.5% during the first quarter. Mccarter Private Wealth Services LLC now owns 2,795 shares of the CRM provider’s stock valued at $750,000 after acquiring an additional 289 shares during the period. Monetary Management Group Inc. grew its position in shares of Salesforce by 3.1% during the first quarter. Monetary Management Group Inc. now owns 3,340 shares of the CRM provider’s stock valued at $896,000 after purchasing an additional 100 shares in the last quarter. Compound Planning Inc. grew its position in shares of Salesforce by 17.8% during the first quarter. Compound Planning Inc. now owns 17,540 shares of the CRM provider’s stock valued at $4,707,000 after purchasing an additional 2,656 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Salesforce by 3.8% during the first quarter. Ameriprise Financial Inc. now owns 4,869,586 shares of the CRM provider’s stock valued at $1,311,030,000 after purchasing an additional 180,243 shares in the last quarter. Finally, Bragg Financial Advisors Inc grew its position in shares of Salesforce by 1.6% during the first quarter. Bragg Financial Advisors Inc now owns 39,432 shares of the CRM provider’s stock valued at $10,582,000 after purchasing an additional 625 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

CRM has been the subject of a number of research analyst reports. Sanford C. Bernstein raised their price objective on Salesforce from $243.00 to $255.00 and gave the company an “underperform” rating in a research report on Thursday, May 29th. Barclays dropped their price target on Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research report on Monday. UBS Group dropped their target price on Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a research report on Monday. Oppenheimer restated an “outperform” rating and set a $370.00 target price on shares of Salesforce in a research report on Tuesday, June 10th. Finally, Erste Group Bank lowered Salesforce from a “buy” rating to a “hold” rating in a research report on Thursday, June 5th. Four analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and an average price target of $342.89.

Salesforce Stock Performance

Shares of NYSE:CRM opened at $245.7830 on Friday. The company has a market capitalization of $234.97 billion, a price-to-earnings ratio of 38.46, a price-to-earnings-growth ratio of 2.24 and a beta of 1.37. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $258.58 and a 200 day moving average of $273.10.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, May 28th. The CRM provider reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.03. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. The company had revenue of $9.83 billion during the quarter, compared to the consensus estimate of $9.74 billion. During the same quarter in the previous year, the firm posted $2.44 earnings per share. Salesforce’s revenue for the quarter was up 7.6% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.270-11.330 EPS. Q2 2026 guidance at 2.760-2.780 EPS. On average, sell-side analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were issued a $0.416 dividend. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, June 18th. Salesforce’s payout ratio is currently 25.98%.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total value of $578,295.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $3,061,511,978.42. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 52,577 shares of company stock valued at $13,528,188 over the last 90 days. 3.00% of the stock is currently owned by 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.