Salesforce Inc. $CRM Position Increased by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC increased its stake in Salesforce Inc. by 85.5% during the second quarter, now holding shares valued at $5.22 million.
• Salesforce reported a 9.8% year-over-year revenue increase of $10.24 billion for its most recent quarter, exceeding analyst estimates.
• The company declared a quarterly dividend of $0.416 per share, with a yield of 0.7%, set to be paid on October 9th.

Exchange Traded Concepts LLC grew its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 85.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,142 shares of the CRM provider's stock after buying an additional 8,825 shares during the period. Exchange Traded Concepts LLC's holdings in Salesforce were worth $5,220,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Neville Rodie & Shaw Inc. grew its position in Salesforce by 4.6% in the 2nd quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider's stock valued at $16,353,000 after acquiring an additional 2,644 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs acquired a new position in Salesforce during the 1st quarter worth approximately $9,367,000. Jones Financial Companies Lllp grew its holdings in Salesforce by 31.2% during the 1st quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider's stock worth $93,016,000 after acquiring an additional 81,916 shares in the last quarter. Wesbanco Bank Inc. increased its position in shares of Salesforce by 6.8% in the 2nd quarter. Wesbanco Bank Inc. now owns 110,968 shares of the CRM provider's stock valued at $30,260,000 after purchasing an additional 7,091 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Salesforce in the 1st quarter valued at $100,472,000. Hedge funds and other institutional investors own 80.43% of the company's stock.

Insider Activity

In related news, Director David Blair Kirk purchased 3,400 shares of the firm's stock in a transaction on Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director directly owned 3,824 shares in the company, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $245.09, for a total transaction of $551,452.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $2,919,406,936.39. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 74,250 shares of company stock valued at $18,844,155 in the last 90 days. 3.00% of the stock is owned by company insiders.

Salesforce Price Performance

Shares of CRM traded down $2.06 during trading hours on Tuesday, reaching $247.63. The company had a trading volume of 2,116,608 shares, compared to its average volume of 7,579,745. 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 firm has a 50 day simple moving average of $250.58 and a 200-day simple moving average of $262.38. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The company has a market capitalization of $235.74 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 2.25 and a beta of 1.22.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the company earned $2.56 earnings per share. Salesforce's revenue was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce's dividend payout ratio (DPR) is presently 24.13%.

Analyst Upgrades and Downgrades

CRM has been the subject of several analyst reports. Stifel Nicolaus lowered their price objective on Salesforce from $375.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Roth Capital reaffirmed a "buy" rating and issued a $395.00 price target on shares of Salesforce in a report on Thursday, September 4th. Royal Bank Of Canada cut their price objective on shares of Salesforce from $275.00 to $250.00 and set a "sector perform" rating on the stock in a report on Thursday, September 4th. Wells Fargo & Company lowered their target price on shares of Salesforce from $275.00 to $265.00 and set an "equal weight" rating for the company in a report on Thursday, September 4th. Finally, Robert W. Baird cut their price target on shares of Salesforce from $365.00 to $325.00 and set an "outperform" rating on the stock in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $332.58.

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.