Compound Planning Inc. Increases Holdings in Salesforce Inc. $CRM

Key Points

• Compound Planning Inc. increased its holdings in Salesforce Inc. by 17.8% during Q1, acquiring an additional 2,656 shares for a total of 17,540 shares valued at approximately $4.7 million.
• Salesforce reported a quarterly earnings per share of $2.58, surpassing analyst expectations, with revenue of $9.83 billion and a year-over-year revenue increase of 7.6%.
• The stock has faced recent selling from insiders, with CEO Marc Benioff selling 2,250 shares, reducing his stake marginally while company insiders have sold a total of 52,577 shares in the last quarter.

Compound Planning Inc. grew its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 17.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,540 shares of the CRM provider's stock after buying an additional 2,656 shares during the period. Compound Planning Inc.'s holdings in Salesforce were worth $4,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of CRM. Brighton Jones LLC increased its position in shares of Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock worth $8,582,000 after purchasing an additional 3,102 shares in the last quarter. Revolve Wealth Partners LLC increased its position in Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock valued at $611,000 after acquiring an additional 205 shares during the period. Jump Financial LLC acquired a new position in Salesforce in the 4th quarter valued at about $361,000. Coppell Advisory Solutions LLC increased its position in Salesforce by 350.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 3,371 shares of the CRM provider's stock valued at $1,129,000 after acquiring an additional 2,623 shares during the period. Finally, J. Stern & Co. LLP increased its position in Salesforce by 6.9% in the 4th quarter. J. Stern & Co. LLP now owns 179,884 shares of the CRM provider's stock valued at $60,141,000 after acquiring an additional 11,609 shares during the period. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Stock Down 0.3%

Shares of NYSE CRM opened at $245.7830 on Friday. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The company has a market cap of $234.97 billion, a P/E ratio of 38.46, a P/E/G ratio of 2.24 and a beta of 1.37. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average price of $258.58 and a 200 day moving average price of $273.10.

Salesforce (NYSE:CRM - Get Free Report) last posted 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. The company had revenue of $9.83 billion during the quarter, compared to analysts' expectations of $9.74 billion. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.44 EPS. Salesforce has set its FY 2026 guidance at 11.270-11.330 EPS. Q2 2026 guidance at 2.760-2.780 EPS. Research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Cuts Dividend

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

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total transaction of $578,295.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $3,061,511,978.42. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 52,577 shares of company stock worth $13,528,188 over the last quarter. Company insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

CRM has been the topic of several recent research reports. Canaccord Genuity Group dropped their price target on Salesforce from $400.00 to $350.00 and set a "buy" rating on the stock in a research report on Wednesday, May 28th. Stifel Nicolaus dropped their target price on Salesforce from $375.00 to $325.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Mizuho dropped their target price on Salesforce from $425.00 to $380.00 and set an "outperform" rating on the stock in a research report on Thursday, May 15th. DA Davidson upgraded Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 price target on the stock in a report on Friday, August 15th. Finally, Erste Group Bank cut Salesforce from a "buy" rating to a "hold" rating in a report on Thursday, June 5th. Four research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $342.89.

Salesforce 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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