CX Institutional Purchases 18,474 Shares of Salesforce Inc. $CRM

Key Points

• CX Institutional increased its stake in Salesforce Inc. by 319.3% in Q2, bringing its total holdings to $6.62 million in value with 24,259 shares.
• Director David Blair Kirk purchased 3,400 shares of Salesforce at an average price of $254.66 per share, resulting in an 801.89% increase in his ownership.
• The company recently announced a quarterly dividend of $0.416 per share, with a yield of 0.7% and a payout ratio of 24.13%.

CX Institutional boosted its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 319.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,259 shares of the CRM provider's stock after buying an additional 18,474 shares during the period. CX Institutional's holdings in Salesforce were worth $6,615,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CRM. Brighton Jones LLC increased its position in Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock worth $8,582,000 after buying an additional 3,102 shares during the period. 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 worth $611,000 after buying an additional 205 shares during the period. Bison Wealth LLC grew its holdings in shares of 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 purchasing an additional 184 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Salesforce during the 4th quarter worth approximately $872,000. Finally, 49 Wealth Management LLC acquired a new stake in shares of Salesforce during the 4th quarter worth approximately $204,000. 80.43% of the stock is owned by institutional investors.

Salesforce Price Performance

CRM stock traded up $2.76 during trading on Friday, hitting $247.04. The company had a trading volume of 11,772,214 shares, compared to its average volume of 9,963,242. The company has a fifty day moving average price of $250.77 and a two-hundred day moving average price of $262.77. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The company has a market cap of $235.18 billion, a P/E ratio of 35.91, a P/E/G ratio of 2.25 and a beta of 1.22. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00.

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

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be given a $0.416 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce's payout ratio is presently 24.13%.

Insider Buying and Selling at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total value of $578,295.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,061,511,978.42. The trade was a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of the business's stock in a transaction on Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, with a total value of $865,844.00. Following the transaction, 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 77,327 shares of company stock valued at $19,651,406. Corporate insiders own 3.00% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on CRM shares. JPMorgan Chase & Co. decreased their price objective on Salesforce from $380.00 to $365.00 and set an "overweight" rating on the stock in a report on Thursday, September 4th. Morgan Stanley lifted their price objective on Salesforce from $404.00 to $405.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. Oppenheimer decreased their price objective on Salesforce from $370.00 to $315.00 and set an "outperform" rating on the stock in a report on Tuesday, August 26th. UBS Group decreased their price objective on Salesforce from $300.00 to $260.00 and set a "neutral" rating on the stock in a report on Monday, August 18th. Finally, JMP Securities reissued a "market outperform" rating and set a $430.00 price objective on shares of Salesforce in a 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $332.58.

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.