111 Capital Boosts Holdings in Salesforce Inc. $CRM

Key Points

• 111 Capital increased its holdings in Salesforce Inc. by 33.9%, owning a total of 19,781 shares, valued at $5.39 million, making it the firm's 16th biggest position.
• Salesforce recently reported $2.91 EPS for the quarter, which exceeded analyst estimates, along with revenue of $10.24 billion, marking a 9.8% increase compared to the previous year.
• Salesforce declared a quarterly dividend of $0.416 per share, with an annualized yield of 0.7%, set to be paid on October 9th.

111 Capital boosted its position in Salesforce Inc. (NYSE:CRM - Free Report) by 33.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,781 shares of the CRM provider's stock after purchasing an additional 5,007 shares during the quarter. Salesforce comprises 0.9% of 111 Capital's investment portfolio, making the stock its 16th biggest position. 111 Capital's holdings in Salesforce were worth $5,394,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CRM. Brighton Jones LLC increased its holdings in shares of Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock worth $8,582,000 after buying an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock worth $611,000 after buying an additional 205 shares during the last quarter. Bison Wealth LLC increased its holdings in shares of Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock worth $747,000 after buying an additional 184 shares during the last quarter. Fermata Advisors LLC increased its holdings in shares of Salesforce by 87.3% in the 1st quarter. Fermata Advisors LLC now owns 2,199 shares of the CRM provider's stock worth $590,000 after buying an additional 1,025 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Salesforce by 45.8% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,070 shares of the CRM provider's stock worth $556,000 after buying an additional 650 shares during the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce Price Performance

Shares of Salesforce stock opened at $240.25 on Friday. The company's fifty day simple moving average is $246.66 and its two-hundred day simple moving average is $260.32. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The firm has a market cap of $228.72 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 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 during the quarter, compared to analysts' expectations of $10.14 billion. During the same period last year, the company posted $2.56 EPS. The company's quarterly revenue 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. As a group, equities analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be given a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce's dividend payout ratio (DPR) is 24.13%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CRM shares. Piper Sandler decreased their price target on shares of Salesforce from $335.00 to $315.00 and set an "overweight" rating on the stock in a report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Salesforce from $400.00 to $340.00 and set a "buy" rating on the stock in a report on Thursday, September 4th. Wall Street Zen lowered shares of Salesforce from a "buy" rating to a "hold" rating in a report on Friday. Canaccord Genuity Group reduced their target price on shares of Salesforce from $350.00 to $300.00 and set a "buy" rating on the stock in a report on Thursday, September 4th. Finally, Citigroup increased their target price on shares of Salesforce from $275.00 to $276.00 and gave the company a "neutral" rating in a report on Tuesday, September 9th. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $332.58.

Insider Transactions at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $265.77, for a total transaction of $597,982.50. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $3,165,738,224.67. This trade represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David Blair Kirk purchased 3,400 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director owned 3,824 shares in the company, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 81,000 shares of company stock valued at $20,357,213. 3.00% of the stock is currently owned by corporate 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.

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