Capital Advisors Ltd. LLC Grows Stake in Salesforce Inc. $CRM

Capital Advisors Ltd. LLC boosted its position in Salesforce Inc. (NYSE:CRM) by 8.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 843 shares of the CRM provider’s stock after buying an additional 69 shares during the period. Capital Advisors Ltd. LLC’s holdings in Salesforce were worth $230,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CRM. Coign Capital Advisors LLC increased its holdings in shares of Salesforce by 1.7% in the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock valued at $586,000 after buying an additional 37 shares in the last quarter. Staley Capital Advisers Inc. increased its holdings in shares of Salesforce by 1.1% in the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock valued at $897,000 after buying an additional 38 shares in the last quarter. KDT Advisors LLC increased its holdings in shares of Salesforce by 4.1% in the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock valued at $260,000 after buying an additional 38 shares in the last quarter. Liberty One Investment Management LLC increased its holdings in shares of Salesforce by 1.2% in the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock valued at $849,000 after buying an additional 39 shares in the last quarter. Finally, First Command Advisory Services Inc. increased its holdings in shares of Salesforce by 7.3% in the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock valued at $154,000 after buying an additional 39 shares in the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CRM has been the topic of several recent analyst reports. Sanford C. Bernstein cut their target price on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research note on Thursday, September 4th. Needham & Company LLC reissued a “buy” rating and set a $400.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Oppenheimer cut their target price on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 26th. Robert W. Baird cut their target price on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Finally, Citigroup boosted their target price on shares of Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a research note on Tuesday, September 9th. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and an average price target of $331.89.

Insider Transactions at Salesforce

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 value of $539,527.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,856,275,610.09. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold 78,750 shares of company stock valued at $19,634,805 in the last three months. Corporate insiders own 3.00% of the company’s stock.

Salesforce Trading Up 1.9%

Salesforce stock opened at $244.92 on Friday. The company’s fifty day simple moving average is $244.86 and its 200-day simple moving average is $259.25. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The stock has a market cap of $233.16 billion, a P/E ratio of 35.60, a P/E/G ratio of 2.08 and a beta of 1.19.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 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 business 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% on a year-over-year basis. 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, sell-side analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders 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 was Wednesday, September 17th. Salesforce’s payout ratio is currently 24.13%.

Salesforce Company 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.