City State Bank Increases Position in Salesforce Inc. $CRM

City State Bank lifted its holdings in Salesforce Inc. (NYSE:CRM) by 2.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,563 shares of the CRM provider’s stock after purchasing an additional 50 shares during the quarter. City State Bank’s holdings in Salesforce were worth $699,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Painted Porch Advisors LLC increased its stake in shares of Salesforce by 260.0% in the 2nd 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 in the last quarter. Capital A Wealth Management LLC increased its stake in Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after buying an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its stake in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after buying an additional 85 shares in the last quarter. Abound Financial LLC purchased a new stake in Salesforce during the 1st quarter worth approximately $31,000. Finally, Christopher J. Hasenberg Inc increased its stake in Salesforce by 383.3% during the 2nd 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. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Trading Down 0.0%

CRM opened at $254.93 on Friday. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The stock has a market capitalization of $242.69 billion, a PE ratio of 37.05, a P/E/G ratio of 2.14 and a beta of 1.19. The business’s 50 day moving average price is $246.53 and its 200 day moving average price is $258.07. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the firm posted $2.56 earnings per share. 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. As a group, equities research analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

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

Insiders Place Their Bets

In other news, Director David Blair Kirk purchased 3,400 shares of the firm’s stock in a transaction on Tuesday, September 9th. The shares were bought at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $246.07, for a total value of $553,657.50. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $2,931,080,275.97. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,750 shares of company stock worth $19,424,880 over the last 90 days. 3.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. JPMorgan Chase & Co. cut their price objective on Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a research note on Thursday, September 4th. Bank of America cut their price objective on Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a research note on Tuesday, August 26th. DA Davidson restated a “neutral” rating and set a $225.00 target price on shares of Salesforce in a report on Thursday, October 16th. Wedbush restated an “outperform” rating and set a $375.00 target price on shares of Salesforce in a report on Thursday, October 16th. Finally, Needham & Company LLC restated a “buy” rating and set a $400.00 target price on shares of Salesforce in a report on Thursday, October 16th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $325.23.

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.