Salesforce Inc. $CRM Shares Sold by Y.D. More Investments Ltd

Y.D. More Investments Ltd decreased its position in shares of Salesforce Inc. (NYSE:CRM) by 17.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,094 shares of the CRM provider’s stock after selling 2,589 shares during the quarter. Y.D. More Investments Ltd’s holdings in Salesforce were worth $3,298,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Advyzon Investment Management LLC raised its stake in Salesforce by 57.4% during the second quarter. Advyzon Investment Management LLC now owns 1,884 shares of the CRM provider’s stock worth $514,000 after purchasing an additional 687 shares during the period. Achmea Investment Management B.V. increased its holdings in shares of Salesforce by 9.2% during the 2nd quarter. Achmea Investment Management B.V. now owns 148,254 shares of the CRM provider’s stock worth $40,427,000 after buying an additional 12,544 shares during the last quarter. Diversified Trust Co raised its position in shares of Salesforce by 30.1% in the 2nd quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider’s stock worth $7,577,000 after buying an additional 6,430 shares during the period. Andra AP fonden boosted its holdings in Salesforce by 34.4% in the second quarter. Andra AP fonden now owns 174,145 shares of the CRM provider’s stock valued at $47,488,000 after acquiring an additional 44,600 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its holdings in Salesforce by 5.7% in the second quarter. Resona Asset Management Co. Ltd. now owns 326,826 shares of the CRM provider’s stock valued at $89,160,000 after acquiring an additional 17,487 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $246.66, for a total transaction of $554,985.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,938,108,102.86. This represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David Blair Kirk purchased 3,400 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were bought at an average cost of $254.66 per share, with a total value of $865,844.00. Following the transaction, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This represents a 801.89% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 67,622 shares of company stock valued at $16,714,561 in the last three months. 3.00% of the stock is currently owned by company insiders.

Salesforce Trading Up 1.4%

NYSE CRM opened at $243.86 on Friday. The stock has a market cap of $232.16 billion, a P/E ratio of 35.45, a PEG ratio of 2.11 and a beta of 1.19. The company’s fifty day simple moving average is $246.51 and its 200-day simple moving average is $257.56. 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 52 week low of $226.48 and a 52 week high of $369.00.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the firm posted $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. Equities research analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently declared 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 was Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s payout ratio is 24.13%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CRM. Citigroup upped their price target on Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. Roth Capital reissued a “buy” rating and set a $395.00 target price on shares of Salesforce in a research report on Thursday, September 4th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Salesforce in a research report on Wednesday. Macquarie reiterated a “neutral” rating and set a $250.00 price objective on shares of Salesforce in a research note on Thursday, October 16th. Finally, Royal Bank Of Canada cut their target price on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 4th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and an average target price 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.