Compagnie Lombard Odier SCmA Has $57.59 Million Position in Salesforce Inc. $CRM

Key Points

• Compagnie Lombard Odier SCmA has increased its stake in Salesforce Inc. by 0.7%, now holding 211,172 shares worth approximately $57.59 million.
• Salesforce reported a Q2 EPS of $2.91, surpassing analysts' expectations of $2.78, with revenues reaching $10.24 billion.
• The company announced a quarterly dividend of $0.416, and its stock has a current consensus rating of "Moderate Buy" with an average target price of $332.58.

Compagnie Lombard Odier SCmA boosted its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 0.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 211,172 shares of the CRM provider's stock after purchasing an additional 1,553 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in Salesforce were worth $57,585,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Diversified Trust Co lifted its stake in Salesforce by 30.1% in the second quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider's stock valued at $7,577,000 after buying an additional 6,430 shares in the last quarter. Neville Rodie & Shaw Inc. lifted its stake in Salesforce by 4.6% in the second quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider's stock valued at $16,353,000 after buying an additional 2,644 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs bought a new position in Salesforce in the first quarter valued at approximately $9,367,000. Jones Financial Companies Lllp raised its stake 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 period. Finally, Wesbanco Bank Inc. lifted its holdings in shares of Salesforce by 6.8% in the second 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 in the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Salesforce Stock Up 1.0%

CRM stock opened at $249.64 on Tuesday. The stock has a market capitalization of $237.66 billion, a P/E ratio of 36.28, a price-to-earnings-growth ratio of 2.25 and a beta of 1.22. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The firm has a 50-day moving average price of $250.58 and a 200-day moving average price of $262.38.

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 analysts' consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to analysts' expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior 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. As a group, equities research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors 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 yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce's dividend payout ratio (DPR) is 24.13%.

Insider Buying and Selling

In related news, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Blair Kirk purchased 3,400 shares of the stock in a transaction on Tuesday, September 9th. The shares were purchased at an average price of $254.66 per share, with a total value of $865,844.00. Following the acquisition, the director owned 3,824 shares in the company, 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 quarter, insiders sold 74,250 shares of company stock valued at $18,844,155. 3.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. DA Davidson raised Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 price objective for the company in a research report on Friday, August 15th. Oppenheimer reduced their price objective on Salesforce from $370.00 to $315.00 and set an "outperform" rating for the company in a research report on Tuesday, August 26th. Roth Capital reissued a "buy" rating and issued a $395.00 price objective on shares of Salesforce in a research report on Thursday, September 4th. Citigroup boosted their price objective on shares of Salesforce from $275.00 to $276.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 9th. Finally, Morgan Stanley boosted their price objective on shares of Salesforce from $404.00 to $405.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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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