CGN Advisors LLC Boosts Stock Holdings in Salesforce Inc. $CRM

Key Points

• CGN Advisors LLC increased its stake in Salesforce Inc. by 10.2% during Q2, holding 12,604 shares valued at approximately $3.44 million.
• Salesforce reported $2.91 EPS for the last quarter, exceeding analyst estimates and marking a 9.8% year-over-year revenue growth of $10.24 billion.
• The company announced a quarterly dividend of $0.416 per share, set to be paid on October 9th, representing an annualized yield of 0.7%.

CGN Advisors LLC lifted its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 10.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,604 shares of the CRM provider's stock after acquiring an additional 1,169 shares during the quarter. CGN Advisors LLC's holdings in Salesforce were worth $3,437,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Diversified Trust Co increased 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 valued at $7,577,000 after purchasing an additional 6,430 shares during the last quarter. Neville Rodie & Shaw Inc. increased its position in shares of Salesforce by 4.6% in the 2nd quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider's stock valued at $16,353,000 after purchasing an additional 2,644 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of Salesforce in the 1st quarter valued at approximately $9,367,000. Jones Financial Companies Lllp increased its position in shares of Salesforce by 31.2% in the 1st quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider's stock valued at $93,016,000 after purchasing an additional 81,916 shares during the last quarter. Finally, Wesbanco Bank Inc. increased its position in shares of Salesforce by 6.8% in the 2nd quarter. Wesbanco Bank Inc. now owns 110,968 shares of the CRM provider's stock valued at $30,260,000 after purchasing an additional 7,091 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company's stock.

Salesforce Stock Up 1.0%

Shares of Salesforce stock opened at $249.64 on Tuesday. The company has a market cap of $237.66 billion, a P/E ratio of 36.28, a PEG ratio of 2.25 and a beta of 1.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The firm has a fifty day moving average of $250.58 and a two-hundred day moving average of $262.38.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. Salesforce's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.56 EPS. 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 forecast that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

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

Insider Transactions at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $269.38, for a total value of $606,105.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $3,208,738,995.98. This trade represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David Blair Kirk purchased 3,400 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was bought at an average price of $254.66 per share, with a total value of $865,844.00. Following the acquisition, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 74,250 shares of company stock valued at $18,844,155 in the last quarter. Insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on CRM shares. Wells Fargo & Company dropped their price objective on shares of Salesforce from $275.00 to $265.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 4th. Piper Sandler dropped their price objective on shares of Salesforce from $335.00 to $315.00 and set an "overweight" rating on the stock in a research report on Thursday, September 4th. Northland Securities lowered their target price on shares of Salesforce from $423.00 to $396.00 and set an "outperform" rating for the company in a report on Thursday, May 29th. Oppenheimer lowered their target price on shares of Salesforce from $370.00 to $315.00 and set an "outperform" rating for the company in a report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Salesforce from $380.00 to $365.00 and set an "overweight" rating for the company in a report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $332.58.

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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