Farther Finance Advisors LLC Buys 4,337 Shares of Salesforce Inc. $CRM

Key Points

• Farther Finance Advisors LLC increased its stake in Salesforce Inc. by 23.1% during the second quarter, owning over $6.3 million in shares.
• Salesforce's latest earnings report showed a 9.8% increase in quarterly revenue year-over-year, with earnings per share of $2.91, exceeding expectations.
• The company announced a quarterly dividend of $0.416 per share, which will be paid to shareholders on October 9th, showing a 0.7% yield.

Farther Finance Advisors LLC raised its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 23.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,134 shares of the CRM provider's stock after purchasing an additional 4,337 shares during the quarter. Farther Finance Advisors LLC's holdings in Salesforce were worth $6,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of CRM. Coign Capital Advisors LLC increased its holdings in shares of Salesforce by 1.7% in the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider's stock valued at $586,000 after purchasing an additional 37 shares during the period. Staley Capital Advisers Inc. grew its holdings in shares of Salesforce by 1.1% in the 1st quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider's stock worth $897,000 after acquiring an additional 38 shares during the last quarter. KDT Advisors LLC grew its holdings in shares of Salesforce by 4.1% during the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider's stock valued at $260,000 after acquiring an additional 38 shares in the last quarter. Liberty One Investment Management LLC lifted its position in Salesforce by 1.2% during the 1st quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider's stock worth $849,000 after acquiring an additional 39 shares during the last quarter. Finally, First Command Advisory Services Inc. increased its stake in Salesforce by 7.3% in the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider's stock valued at $154,000 after acquiring an additional 39 shares during the period. 80.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Northland Securities reduced their price target on shares of Salesforce from $423.00 to $396.00 and set an "outperform" rating on the stock in a research report on Thursday, May 29th. Stifel Nicolaus cut their price target on shares of Salesforce from $375.00 to $325.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. KeyCorp decreased their target price on Salesforce from $440.00 to $400.00 and set an "overweight" rating on the stock in a research report on Thursday, September 4th. Needham & Company LLC reissued a "buy" rating and set a $400.00 price objective on shares of Salesforce in a research report on Thursday, September 4th. Finally, Royal Bank Of Canada reduced their price objective on Salesforce from $275.00 to $250.00 and set a "sector perform" rating on the stock in a research report on Thursday, September 4th. One research 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $332.58.

Insider Activity

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were 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. This trade represents a 0.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David Blair Kirk bought 3,400 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the transaction, the director owned 3,824 shares of the company's stock, valued at $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 77,327 shares of company stock worth $19,651,406 over the last three months. 3.00% of the stock is currently owned by insiders.

Salesforce Stock Performance

CRM traded up $2.76 during trading on Friday, hitting $247.04. 11,772,214 shares of the stock were exchanged, compared to its average volume of 10,219,225. The stock has a fifty day moving average price of $250.77 and a two-hundred day moving average price of $262.61. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The firm has a market capitalization of $235.18 billion, a P/E ratio of 35.91, a PEG ratio of 2.25 and a beta of 1.22. 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 posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. The company 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 firm's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last 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. As a group, sell-side analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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

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.