Dempze Nancy E Acquires 1,624 Shares of Salesforce Inc. $CRM

Dempze Nancy E grew its holdings in Salesforce Inc. (NYSE:CRM) by 41.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,507 shares of the CRM provider’s stock after acquiring an additional 1,624 shares during the period. Dempze Nancy E’s holdings in Salesforce were worth $1,502,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Nuveen LLC bought a new stake in shares of Salesforce in the 1st quarter worth about $2,039,196,000. Longview Partners Guernsey LTD purchased a new stake in shares of Salesforce in the 1st quarter worth approximately $467,944,000. Pacer Advisors Inc. lifted its position in shares of Salesforce by 1,744.0% in the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after purchasing an additional 1,721,550 shares during the period. Vanguard Group Inc. lifted its position in shares of Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after purchasing an additional 1,383,942 shares during the period. Finally, Diamond Hill Capital Management Inc. purchased a new stake in shares of Salesforce in the 1st quarter worth approximately $345,100,000. 80.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CRM shares. Royal Bank Of Canada lowered their target price on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research note on Thursday, September 4th. Needham & Company LLC reissued a “buy” rating and issued a $400.00 price target on shares of Salesforce in a report on Thursday, September 4th. Sanford C. Bernstein dropped their price target on Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research note on Thursday, September 4th. JMP Securities reaffirmed a “market outperform” rating and issued a $430.00 price target on shares of Salesforce in a report on Tuesday, September 2nd. Finally, Canaccord Genuity Group cut their price objective on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Twenty-six research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $332.58.

Salesforce Stock Up 0.2%

Shares of NYSE:CRM opened at $240.23 on Thursday. The firm has a 50 day simple moving average of $245.13 and a 200-day simple moving average of $259.53. The company has a market capitalization of $228.70 billion, a PE ratio of 34.92, a P/E/G ratio of 2.07 and a beta of 1.19. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. 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) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the previous year, the company posted $2.56 EPS. Salesforce’s revenue was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, equities analysts predict 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, October 9th. Investors of record on Wednesday, September 17th will be given a $0.416 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s payout ratio is currently 24.13%.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $241.32, for a total value of $542,970.00. Following the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,874,500,313.72. The trade was a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 78,750 shares of company stock valued at $19,679,535. 3.00% of the stock is 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.