Solstein Capital LLC Buys 128 Shares of Salesforce Inc. $CRM

Solstein Capital LLC grew its stake in Salesforce Inc. (NYSE:CRM) by 5.1% during the second quarter, Holdings Channel reports. The firm owned 2,615 shares of the CRM provider’s stock after purchasing an additional 128 shares during the period. Solstein Capital LLC’s holdings in Salesforce were worth $713,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CRM. Painted Porch Advisors LLC lifted its holdings in shares of Salesforce by 260.0% in the second 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 position in shares of Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its position in shares of Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 85 shares during the last quarter. Abound Financial LLC purchased a new stake in shares of Salesforce during the first quarter valued at approximately $31,000. Finally, Christopher J. Hasenberg Inc increased its position in shares of Salesforce by 383.3% during 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. Institutional investors own 80.43% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on CRM shares. Northland Capmk downgraded Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 14th. UBS Group decreased their price target on Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a research report on Monday, August 18th. Piper Sandler reaffirmed an “overweight” rating and set a $315.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Macquarie reaffirmed a “neutral” rating and set a $250.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Finally, Royal Bank Of Canada decreased their target price on Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research report 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. According to data from MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus target price of $325.23.

Salesforce Stock Performance

NYSE:CRM opened at $254.93 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The business has a fifty day simple moving average of $246.53 and a two-hundred day simple moving average of $258.12. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The company has a market capitalization of $242.69 billion, a P/E ratio of 37.05, a P/E/G ratio of 2.14 and a beta of 1.19.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 13.27% and a net margin of 16.87%.The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $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, analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were issued a dividend of $0.416 per share. The ex-dividend date of this dividend 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 24.13%.

Insider Transactions at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $259.01, for a total transaction of $582,772.50. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,085,216,004.71. This represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 76,500 shares of company stock worth $18,819,383. Corporate insiders own 3.00% of the company’s stock.

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.