E. Ohman J or Asset Management AB Sells 1,859 Shares of Salesforce Inc. $CRM

E. Ohman J or Asset Management AB lowered its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 1.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,168 shares of the CRM provider's stock after selling 1,859 shares during the quarter. Salesforce comprises 1.1% of E. Ohman J or Asset Management AB's portfolio, making the stock its 17th biggest holding. E. Ohman J or Asset Management AB's holdings in Salesforce were worth $45,585,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new stake in shares of Salesforce during the first quarter worth about $2,039,196,000. GAMMA Investing LLC grew its position in shares of Salesforce by 30,456.9% during the first quarter. GAMMA Investing LLC now owns 3,801,588 shares of the CRM provider's stock worth $1,020,194,000 after purchasing an additional 3,789,147 shares in the last quarter. Longview Partners Guernsey LTD purchased a new stake in shares of Salesforce during the first quarter worth about $467,944,000. Pacer Advisors Inc. grew its position in shares of Salesforce by 1,744.0% during the first quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider's stock worth $488,486,000 after purchasing an additional 1,721,550 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Salesforce by 1.6% during the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider's stock worth $23,592,501,000 after purchasing an additional 1,383,942 shares in the last quarter. Institutional investors own 80.43% of the company's stock.

Salesforce Price Performance

Shares of Salesforce stock opened at $242.68 on Monday. The stock has a market cap of $231.03 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 2.21 and a beta of 1.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a 50 day moving average price of $253.21 and a 200-day moving average price of $264.29. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last announced 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 return on equity of 13.27% and a net margin of 16.87%.The company's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business 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 analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be paid a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce's dividend payout ratio (DPR) is currently 24.13%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CRM. Erste Group Bank cut Salesforce from a "buy" rating to a "hold" rating in a research report on Thursday, June 5th. Wells Fargo & Company cut their target price on Salesforce from $275.00 to $265.00 and set an "equal weight" rating for the company in a research report on Thursday, September 4th. Royal Bank Of Canada cut their target price on Salesforce from $275.00 to $250.00 and set a "sector perform" rating for the company in a research report on Thursday, September 4th. UBS Group cut their price target on Salesforce from $300.00 to $260.00 and set a "neutral" rating for the company in a report on Monday, August 18th. Finally, Northland Securities cut their price target on Salesforce from $423.00 to $396.00 and set an "outperform" rating for the company in a report on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Salesforce has a consensus rating of "Moderate Buy" and an average target price of $332.58.

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 Wednesday, September 10th. The stock was sold at an average price of $246.66, for a total transaction of $554,985.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $2,938,108,102.86. This trade represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Blair Kirk purchased 3,400 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were acquired at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of the purchase, the director directly owned 3,824 shares in the company, valued at $973,819.84. The trade was a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 70,577 shares of company stock valued at $18,005,778 over the last three months. 3.00% of the stock is owned by corporate insiders.

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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