Salesforce Inc. $CRM Shares Purchased by Equitable Trust Co.

Equitable Trust Co. lifted its stake in Salesforce Inc. (NYSE:CRM) by 39.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 51,761 shares of the CRM provider’s stock after purchasing an additional 14,604 shares during the period. Equitable Trust Co.’s holdings in Salesforce were worth $14,115,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Painted Porch Advisors LLC grew its stake in Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $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% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its stake in Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 85 shares during the last quarter. Abound Financial LLC acquired a new position in shares of Salesforce in the 1st quarter valued at $31,000. Finally, Christopher J. Hasenberg Inc lifted its position in Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after acquiring an additional 92 shares during the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Roth Capital restated a “buy” rating and set a $395.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $325.00 price target on shares of Salesforce in a research report on Thursday, September 4th. Citigroup lifted their price objective on shares of Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a research note on Tuesday, September 9th. Barclays decreased their price objective on Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research report on Monday, August 18th. Finally, UBS Group lowered their target price on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a report on Monday, August 18th. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $331.89.

Salesforce Stock Up 2.9%

CRM stock opened at $248.77 on Tuesday. The company has a market cap of $236.83 billion, a P/E ratio of 36.16, a P/E/G ratio of 2.09 and a beta of 1.19. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. The company’s 50-day moving average price is $244.61 and its 200 day moving average price is $258.49. 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 (NYSE:CRM) last announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The company had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

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

Insider Activity

In related news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $240.34, for a total transaction of $540,765.00. Following the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,862,826,974.14. This trade represents a 0.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David Blair Kirk bought 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, for a total transaction of $865,844.00. Following the completion of the transaction, the director owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. The trade was a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 76,500 shares of company stock worth $19,049,130 over the last ninety days. Corporate insiders own 3.00% of the company’s stock.

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.