Gables Capital Management Inc. Has $49,000 Holdings in Salesforce Inc. $CRM

Gables Capital Management Inc. lifted its position in shares of Salesforce Inc. (NYSE:CRM) by 56.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 181 shares of the CRM provider’s stock after buying an additional 65 shares during the quarter. Gables Capital Management Inc.’s holdings in Salesforce were worth $49,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CRM. Cullen Frost Bankers Inc. grew its holdings in Salesforce by 0.7% in the second quarter. Cullen Frost Bankers Inc. now owns 87,439 shares of the CRM provider’s stock worth $23,844,000 after purchasing an additional 580 shares during the period. Generali Powszechne Towarzystwo Emerytalne grew its holdings in Salesforce by 66.3% in the second quarter. Generali Powszechne Towarzystwo Emerytalne now owns 100,000 shares of the CRM provider’s stock worth $27,269,000 after purchasing an additional 39,882 shares during the period. St. Johns Investment Management Company LLC grew its holdings in Salesforce by 8.3% in the second quarter. St. Johns Investment Management Company LLC now owns 6,923 shares of the CRM provider’s stock worth $1,888,000 after purchasing an additional 529 shares during the period. Smith Thornton Advisors LLC grew its holdings in Salesforce by 10.2% in the second quarter. Smith Thornton Advisors LLC now owns 1,714 shares of the CRM provider’s stock worth $467,000 after purchasing an additional 159 shares during the period. Finally, Probity Advisors Inc. grew its holdings in Salesforce by 6.7% in the second quarter. Probity Advisors Inc. now owns 3,568 shares of the CRM provider’s stock worth $973,000 after purchasing an additional 224 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on CRM shares. Bank of America reduced their price target on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a report on Tuesday, August 26th. Roth Capital restated a “buy” rating and issued a $395.00 price target on shares of Salesforce in a report on Thursday, September 4th. DA Davidson restated a “neutral” rating and issued a $225.00 price target on shares of Salesforce in a report on Thursday, October 16th. Northland Capmk lowered shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 14th. Finally, Royal Bank Of Canada dropped their price objective on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 4th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $325.23.

Salesforce Stock Up 3.6%

CRM opened at $263.51 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The company’s 50-day moving average is $245.46 and its 200 day moving average is $257.92. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The firm has a market capitalization of $250.86 billion, a P/E ratio of 38.30, a PEG ratio of 2.13 and a beta of 1.19.

Salesforce (NYSE:CRM) last released its quarterly earnings results 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. 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 analyst estimates of $10.14 billion. During the same period last year, the firm earned $2.56 earnings per share. The firm’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. Research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were given a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is presently 24.13%.

Insider Transactions at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $242.44, for a total transaction of $545,490.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,887,841,273.24. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Blair Kirk purchased 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director directly owned 3,824 shares of the company’s stock, valued at $973,819.84. This represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 78,750 shares of company stock worth $19,448,213 over the last three months. 3.00% of the stock is owned by insiders.

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.