Motley Fool Asset Management LLC Buys 1,548 Shares of Salesforce Inc. $CRM

Motley Fool Asset Management LLC boosted its stake in shares of Salesforce Inc. (NYSE:CRM) by 1.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 83,932 shares of the CRM provider’s stock after purchasing an additional 1,548 shares during the period. Salesforce comprises approximately 1.1% of Motley Fool Asset Management LLC’s holdings, making the stock its 20th largest position. Motley Fool Asset Management LLC’s holdings in Salesforce were worth $22,887,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRM. Painted Porch Advisors LLC raised its holdings 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 lifted its position in shares of Salesforce by 450.0% in the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 90 shares during the period. CBIZ Investment Advisory Services LLC lifted its position in shares of Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 85 shares during the period. Abound Financial LLC purchased a new stake in shares of Salesforce in the 1st quarter worth approximately $31,000. Finally, Christopher J. Hasenberg Inc lifted its position in shares of Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after purchasing an additional 92 shares during the period. Institutional investors own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

CRM has been the subject of several research reports. Northland Capmk cut shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $325.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Wedbush reaffirmed an “outperform” rating and issued a $375.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Salesforce in a research report on Tuesday, October 14th. Finally, Bank of America reduced their price objective on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a research note on Tuesday, August 26th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $325.23.

Salesforce Trading Up 0.3%

Shares of Salesforce stock opened at $255.49 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. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The firm has a market capitalization of $243.23 billion, a price-to-earnings ratio of 37.14, a PEG ratio of 2.14 and a beta of 1.19. The firm’s 50 day simple moving average is $246.75 and its two-hundred day simple moving average is $258.05.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) 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 business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the business posted $2.56 EPS. Salesforce’s revenue for the quarter was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were paid a dividend of $0.416 per share. 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 presently 24.13%.

Insider Buying and Selling

In other Salesforce news, Director David Blair Kirk acquired 3,400 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were acquired at an average cost of $254.66 per share, with a total value of $865,844.00. Following the acquisition, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $247.67, for a total transaction of $557,257.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,950,138,789.57. 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 a total of 78,750 shares of company stock worth $19,394,393 in the last 90 days. 3.00% of the stock is currently owned by company insiders.

Salesforce 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.