Concord Asset Management LLC VA Has $2.59 Million Stock Holdings in Salesforce Inc. $CRM

Key Points

• Concord Asset Management LLC VA has increased its stake in Salesforce Inc. by 18.5% during the 2nd quarter, holding 9,479 shares valued at approximately $2.59 million.
• Salesforce's recent quarterly earnings report showed an EPS of $2.91, surpassing estimates, with a revenue of $10.24 billion, reflecting a 9.8% year-over-year increase.
• Salesforce announced a quarterly dividend of $0.416 per share, yielding an annualized rate of 0.7%, with a dividend payout ratio of 24.13%.

Concord Asset Management LLC VA raised its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 18.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,479 shares of the CRM provider's stock after acquiring an additional 1,480 shares during the period. Concord Asset Management LLC VA's holdings in Salesforce were worth $2,585,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Brighton Jones LLC grew its position in Salesforce by 13.7% during the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock worth $8,582,000 after acquiring an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Salesforce by 12.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock worth $611,000 after acquiring an additional 205 shares during the last quarter. Bison Wealth LLC grew its position in Salesforce by 9.0% during the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock worth $747,000 after acquiring an additional 184 shares during the last quarter. GAMMA Investing LLC grew its position in Salesforce by 13.9% during the 1st quarter. GAMMA Investing LLC now owns 14,166 shares of the CRM provider's stock worth $3,802,000 after acquiring an additional 1,725 shares during the last quarter. Finally, CVA Family Office LLC grew its position in Salesforce by 4.5% during the 1st quarter. CVA Family Office LLC now owns 1,885 shares of the CRM provider's stock worth $506,000 after acquiring an additional 81 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Insider Activity at Salesforce

In other Salesforce news, Director David Blair Kirk bought 3,400 shares of Salesforce stock in a transaction dated Tuesday, September 9th. The stock was bought at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of the acquisition, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. The trade was a 801.89% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $240.34, for a total value of $540,765.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $2,862,826,974.14. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,500 shares of company stock valued at $19,049,130. 3.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JMP Securities restated a "market outperform" rating and set a $430.00 target price on shares of Salesforce in a research report on Tuesday, September 2nd. Bank of America cut their target price on Salesforce from $350.00 to $325.00 and set a "buy" rating on the stock in a research report on Tuesday, August 26th. Stifel Nicolaus cut their target price on Salesforce from $325.00 to $300.00 and set a "buy" rating on the stock in a research report on Thursday. Barclays cut their target price on Salesforce from $347.00 to $316.00 and set an "overweight" rating on the stock in a research report on Monday, August 18th. Finally, Wall Street Zen upgraded Salesforce from a "hold" rating to a "buy" rating in a research report on Saturday. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Salesforce presently has a consensus rating of "Moderate Buy" and an average target price of $331.89.

Salesforce Stock Performance

Shares of Salesforce stock opened at $242.11 on Monday. The company has a market cap of $230.49 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 2.09 and a beta of 1.19. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. The business has a 50 day moving average price of $244.68 and a 200-day moving average price of $258.64. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. The firm had revenue of $10.24 billion during 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. Equities analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal 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 issued a $0.416 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce's dividend payout ratio is currently 24.13%.

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.

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