Community Bank N.A. Buys 657 Shares of Salesforce Inc. $CRM

Community Bank N.A. raised its stake in shares of Salesforce Inc. (NYSE:CRM) by 11.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,424 shares of the CRM provider’s stock after buying an additional 657 shares during the period. Community Bank N.A.’s holdings in Salesforce were worth $1,752,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Painted Porch Advisors LLC grew its position in shares of Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Capital A Wealth Management LLC grew its position in shares of Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its position in shares of Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 85 shares during the last quarter. Abound Financial LLC acquired a new stake in Salesforce during the first quarter worth about $31,000. Finally, Christopher J. Hasenberg Inc grew its position in Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after buying an additional 92 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $240.34, for a total value of $540,765.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,862,826,974.14. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Blair Kirk bought 3,400 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was purchased at an average price of $254.66 per share, with a total value of $865,844.00. Following the purchase, the director directly owned 3,824 shares of the company’s stock, valued at $973,819.84. The trade was a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders sold 76,500 shares of company stock valued at $19,049,130 in the last quarter. 3.00% of the stock is currently owned by corporate insiders.

Salesforce Stock Up 2.9%

NYSE CRM opened at $248.77 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average is $244.61 and its two-hundred day moving average is $258.49. The company has a market capitalization of $236.83 billion, a price-to-earnings ratio of 36.16, a PEG ratio of 2.09 and a beta of 1.19. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The company had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business 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. Equities analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were paid a $0.416 dividend. The ex-dividend date was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce’s payout ratio is 24.13%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CRM. KeyCorp decreased their target price on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft decreased their target price on Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Sanford C. Bernstein decreased their target price on Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research report on Thursday, September 4th. BMO Capital Markets decreased their target price on Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Finally, Roth Capital reissued a “buy” rating and set a $395.00 target price on shares of Salesforce in a research report on Thursday, September 4th. Twenty-six analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $331.89.

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.