Cardano Risk Management B.V. Buys 19,363 Shares of Salesforce Inc. $CRM

Key Points

• Cardano Risk Management B.V. has increased its stake in Salesforce Inc. by 5.7%, acquiring an additional 19,363 shares, bringing its total ownership to 359,148 shares valued at approximately $97.9 million.
• Salesforce's quarterly earnings exceeded expectations, reporting $2.91 earnings per share and $10.24 billion in revenue, with the company projecting an earnings guidance of $11.330-11.370 per share for FY 2026.
• Salesforce recently declared a quarterly dividend of $0.416 per share, reflecting a 0.7% yield and a payout ratio of 24.13% as of the latest filings.

Cardano Risk Management B.V. raised its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 5.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 359,148 shares of the CRM provider's stock after purchasing an additional 19,363 shares during the period. Salesforce accounts for about 1.3% of Cardano Risk Management B.V.'s investment portfolio, making the stock its 24th biggest holding. Cardano Risk Management B.V.'s holdings in Salesforce were worth $97,936,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. 3Chopt Investment Partners LLC lifted its position in shares of Salesforce by 40.4% in the second quarter. 3Chopt Investment Partners LLC now owns 3,187 shares of the CRM provider's stock valued at $870,000 after acquiring an additional 917 shares in the last quarter. Pinion Investment Advisors LLC lifted its position in shares of Salesforce by 13.1% in the second quarter. Pinion Investment Advisors LLC now owns 1,561 shares of the CRM provider's stock valued at $426,000 after acquiring an additional 181 shares in the last quarter. Coordinated Financial Services Inc. purchased a new position in shares of Salesforce in the second quarter valued at about $234,000. IFP Advisors Inc lifted its position in shares of Salesforce by 76.9% in the second quarter. IFP Advisors Inc now owns 19,510 shares of the CRM provider's stock valued at $5,322,000 after acquiring an additional 8,483 shares in the last quarter. Finally, Callan Family Office LLC lifted its position in shares of Salesforce by 188.9% in the second quarter. Callan Family Office LLC now owns 18,351 shares of the CRM provider's stock valued at $5,004,000 after acquiring an additional 12,000 shares in the last quarter. Institutional investors own 80.43% of the company's stock.

Insider Buying and Selling

In other news, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $248.40, for a total transaction of $558,900.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $2,958,834,236.40. This represents a 0.02% decrease in their ownership of the stock. The transaction 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 business'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 purchase, 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. In the last ninety days, insiders have sold 78,750 shares of company stock worth $19,634,805. Insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Salesforce from $400.00 to $340.00 and set a "buy" rating on the stock in a research report on Thursday, September 4th. Piper Sandler lowered their price objective on Salesforce from $335.00 to $315.00 and set an "overweight" rating on the stock in a research report on Thursday, September 4th. Oppenheimer decreased their target price on Salesforce from $370.00 to $315.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 26th. Sanford C. Bernstein decreased their target price on Salesforce from $255.00 to $221.00 and set an "underperform" rating on the stock in a research report on Thursday, September 4th. Finally, JPMorgan Chase & Co. decreased their target price on Salesforce from $380.00 to $365.00 and set an "overweight" rating on the stock in a research report on Thursday, September 4th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Salesforce currently has an average rating of "Moderate Buy" and a consensus target price of $331.89.

Salesforce Trading Up 1.9%

Shares of CRM stock opened at $244.92 on Friday. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. 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 stock's 50 day simple moving average is $244.86 and its two-hundred day simple moving average is $259.25. The company has a market cap of $233.16 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 2.08 and a beta of 1.19.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior 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. Research analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were paid 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 dividend yield of 0.7%. Salesforce's dividend payout ratio is currently 24.13%.

Salesforce Company 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.

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