Dohj LLC Has $313,000 Position in Salesforce Inc. $CRM

Key Points

• Dohj LLC significantly reduced its position in Salesforce Inc. by 73.7%, now holding 1,250 shares worth approximately $313,000.
• Salesforce reported earnings of $2.91 per share for the last quarter, exceeding analyst expectations and showing a 9.8% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.416 per share, scheduled for payment on October 9th, yielding an annualized return of 0.7%.

Dohj LLC cut its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 73.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,250 shares of the CRM provider's stock after selling 3,511 shares during the period. Dohj LLC's holdings in Salesforce were worth $313,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in CRM. Painted Porch Advisors LLC boosted its holdings in Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock valued at $25,000 after purchasing an additional 65 shares during the period. Capital A Wealth Management LLC increased its stake in Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after acquiring an additional 90 shares during the period. CBIZ Investment Advisory Services LLC raised its holdings in Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after acquiring an additional 85 shares in the last quarter. Abound Financial LLC bought a new stake in shares of Salesforce in the 1st quarter worth approximately $31,000. Finally, Christopher J. Hasenberg Inc grew its holdings in shares of Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock worth $32,000 after purchasing an additional 92 shares in the last quarter. Institutional investors own 80.43% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CRM. BMO Capital Markets reduced their target price on Salesforce from $335.00 to $280.00 and set an "outperform" rating for the company in a research report on Thursday, September 4th. KeyCorp lowered their target price on shares of Salesforce from $440.00 to $400.00 and set an "overweight" rating on the stock in a research note on Thursday, September 4th. Citigroup raised their price target on shares of Salesforce from $275.00 to $276.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 9th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $325.00 price objective on shares of Salesforce in a research note on Thursday, September 4th. Finally, JMP Securities reissued a "market outperform" rating and issued a $430.00 target price on shares of Salesforce in a report on Tuesday, September 2nd. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce has a consensus rating of "Moderate Buy" and a consensus price target of $332.58.

Salesforce Stock Performance

Shares of Salesforce stock opened at $239.91 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The firm has a 50 day simple moving average of $245.62 and a 200 day simple moving average of $259.67. The firm has a market cap of $228.40 billion, a P/E ratio of 34.87, a P/E/G ratio of 2.12 and a beta of 1.19.

Salesforce (NYSE:CRM - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion for the quarter, compared to analysts' expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company's revenue was up 9.8% compared to the same quarter last year. During the same quarter last 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. Sell-side analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Monday, October 6th. The shares were sold at an average price of $241.32, for a total transaction of $542,970.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $2,874,500,313.72. 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 available through this hyperlink. Insiders have sold 78,750 shares of company stock valued at $19,679,535 in the last quarter. Company insiders own 3.00% of the company's stock.

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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