Jacobsen Capital Management Purchases 59 Shares of Salesforce Inc. $CRM

Jacobsen Capital Management increased its position in Salesforce Inc. (NYSE:CRM) by 3.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,757 shares of the CRM provider’s stock after purchasing an additional 59 shares during the quarter. Jacobsen Capital Management’s holdings in Salesforce were worth $479,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Chokshi & Queen Wealth Advisors Inc purchased a new position in Salesforce during the second quarter valued at $273,000. Gables Capital Management Inc. increased its holdings in shares of Salesforce by 56.0% during the second quarter. Gables Capital Management Inc. now owns 181 shares of the CRM provider’s stock valued at $49,000 after acquiring an additional 65 shares in the last quarter. Cullen Frost Bankers Inc. raised its position in shares of Salesforce by 0.7% in the 2nd 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 last quarter. Generali Powszechne Towarzystwo Emerytalne boosted its stake in Salesforce by 66.3% in the 2nd 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 in the last quarter. Finally, St. Johns Investment Management Company LLC increased its stake in Salesforce by 8.3% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 6,923 shares of the CRM provider’s stock valued at $1,888,000 after purchasing an additional 529 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $241.49, for a total value of $543,352.50. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,876,525,280.79. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Blair Kirk bought 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average price 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 position. The disclosure for this purchase can be found here. Insiders have sold 78,750 shares of company stock valued at $19,448,213 over the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

Salesforce Trading Up 3.6%

Shares of CRM stock opened at $263.51 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a fifty day simple moving average of $245.46 and a two-hundred day simple moving average of $257.92. The firm has a market capitalization of $250.86 billion, a PE ratio of 38.30, a PEG ratio of 2.13 and a beta of 1.19. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00.

Salesforce (NYSE:CRM) last issued its earnings results 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 return on equity of 13.27% and a net margin of 16.87%.The company had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the company earned $2.56 EPS. The firm’s quarterly 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. On average, analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were paid a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a 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%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. DA Davidson reiterated a “neutral” rating and set a $225.00 price target on shares of Salesforce in a report on Thursday, October 16th. Wells Fargo & Company reduced their target price on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a report on Thursday, September 4th. UBS Group dropped their price target on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a research note on Monday, August 18th. Robert W. Baird reduced their price objective on Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a research note on Thursday, September 4th. Finally, JPMorgan Chase & Co. lowered their target price on Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.23.

About Salesforce

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.