Salesforce Inc. $CRM Shares Acquired by Brookstone Capital Management

Brookstone Capital Management raised its stake in shares of Salesforce Inc. (NYSE:CRM) by 9.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,926 shares of the CRM provider’s stock after acquiring an additional 4,195 shares during the period. Brookstone Capital Management’s holdings in Salesforce were worth $13,614,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Diversified Trust Co increased its position in shares of Salesforce by 30.1% during the second quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider’s stock valued at $7,577,000 after acquiring an additional 6,430 shares during the last quarter. Neville Rodie & Shaw Inc. increased its position in shares of Salesforce by 4.6% during the second quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider’s stock valued at $16,353,000 after acquiring an additional 2,644 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Salesforce in the first quarter valued at approximately $9,367,000. Jones Financial Companies Lllp grew its holdings in shares of Salesforce by 31.2% in the first quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider’s stock valued at $93,016,000 after purchasing an additional 81,916 shares in the last quarter. Finally, Wesbanco Bank Inc. grew its holdings in shares of Salesforce by 6.8% in the second quarter. Wesbanco Bank Inc. now owns 110,968 shares of the CRM provider’s stock valued at $30,260,000 after purchasing an additional 7,091 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CRM shares. Barclays dropped their price objective on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a report on Monday, August 18th. UBS Group dropped their price objective on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a report on Monday, August 18th. Cantor Fitzgerald restated an “overweight” rating and issued a $325.00 price objective on shares of Salesforce in a report on Thursday, October 16th. JMP Securities restated a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a report on Friday, October 17th. Finally, Wall Street Zen upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $325.23.

Salesforce Stock Down 2.5%

Shares of NYSE:CRM opened at $256.78 on Thursday. The company has a market capitalization of $244.45 billion, a PE ratio of 37.32, a P/E/G ratio of 2.17 and a beta of 1.19. 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 twelve month low of $226.48 and a twelve month high of $369.00. The firm has a 50 day simple moving average of $245.85 and a 200-day simple moving average of $257.92.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, equities analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were given a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Wednesday, September 17th. Salesforce’s payout ratio is currently 24.13%.

Insider Buying and Selling at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $252.28, for a total transaction of $567,630.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,005,051,131.88. The trade was a 0.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders have sold 78,750 shares of company stock worth $19,448,213. 3.00% of the stock is currently owned by insiders.

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.