Campbell & CO Investment Adviser LLC Has $6.18 Million Position in Salesforce Inc. $CRM

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in Salesforce by 158.4%, acquiring an additional 14,113 shares, bringing its total holdings to 23,024 shares, valued at approximately $6.18 million.
• Institutional investors own 80.43% of Salesforce's shares, with various firms also making significant investments during the recent quarters.
• Analysts have set conflicting price targets for Salesforce, with opinions ranging from a decrease from $347 to $316 by Barclays, to an increase to $385 by Goldman Sachs, reflecting diverse expectations on the stock’s future performance.

Campbell & CO Investment Adviser LLC raised its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 158.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,024 shares of the CRM provider's stock after acquiring an additional 14,113 shares during the quarter. Salesforce comprises 0.5% of Campbell & CO Investment Adviser LLC's investment portfolio, making the stock its 17th biggest holding. Campbell & CO Investment Adviser LLC's holdings in Salesforce were worth $6,179,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Coign Capital Advisors LLC grew its stake in Salesforce by 1.7% during the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider's stock worth $586,000 after buying an additional 37 shares during the last quarter. Staley Capital Advisers Inc. lifted its holdings in Salesforce by 1.1% during the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider's stock valued at $897,000 after purchasing an additional 38 shares in the last quarter. Liberty One Investment Management LLC lifted its holdings in Salesforce by 1.2% during the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider's stock valued at $849,000 after purchasing an additional 39 shares in the last quarter. First Command Advisory Services Inc. lifted its stake in shares of Salesforce by 7.3% in the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider's stock worth $154,000 after buying an additional 39 shares in the last quarter. Finally, Mendel Money Management lifted its stake in shares of Salesforce by 3.6% in the first quarter. Mendel Money Management now owns 1,112 shares of the CRM provider's stock worth $298,000 after buying an additional 39 shares in the last quarter. Institutional investors own 80.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Westpark Capital reiterated a "buy" rating and set a $320.00 price target on shares of Salesforce in a research report on Wednesday, May 28th. Canaccord Genuity Group decreased their price target on shares of Salesforce from $400.00 to $350.00 and set a "buy" rating for the company in a research note on Wednesday, May 28th. Needham & Company LLC restated a "buy" rating and set a $400.00 price objective on shares of Salesforce in a research report on Wednesday, May 28th. Stifel Nicolaus reduced their price objective on shares of Salesforce from $375.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $275.00 target price on shares of Salesforce in a report on Monday, August 18th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $342.89.

Salesforce Stock Down 0.2%

Shares of Salesforce stock traded down $0.54 on Monday, hitting $247.75. 4,955,240 shares of the company's stock traded hands, compared to its average volume of 7,850,747. The firm's 50-day moving average is $258.06 and its 200 day moving average is $270.96. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The stock has a market cap of $236.85 billion, a P/E ratio of 38.77, a PEG ratio of 2.25 and a beta of 1.37. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.55 by $0.03. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. The business had revenue of $9.83 billion for the quarter, compared to analysts' expectations of $9.74 billion. During the same period in the previous year, the business earned $2.44 earnings per share. The company's revenue was up 7.6% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.270-11.330 EPS. Q2 2026 guidance at 2.760-2.780 EPS. Equities analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.416 per share. The ex-dividend date was Wednesday, June 18th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce's dividend payout ratio (DPR) is presently 25.98%.

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $247.67, for a total transaction of $557,257.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,950,138,789.57. This trade represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 54,827 shares of company stock worth $14,085,446. Company 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.