Freedom Investment Management Inc. Has $1.12 Million Holdings in Salesforce Inc. $CRM

Key Points

• Freedom Investment Management Inc. increased its holdings in Salesforce Inc. by 61.3% in Q1, bringing its total investment to approximately $1.12 million with 4,181 shares owned.
• Salesforce reported earnings of $2.58 per share for the latest quarter, surpassing analysts' expectations and revealing a year-over-year revenue increase of 7.6%.
• A significant number of institutional investors, including Alecta Tjanstepension Omsesidigt and AIA Group Ltd, have significantly increased their stakes in Salesforce, highlighting ongoing confidence in the company's growth potential.

Freedom Investment Management Inc. raised its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 61.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,181 shares of the CRM provider's stock after purchasing an additional 1,589 shares during the quarter. Freedom Investment Management Inc.'s holdings in Salesforce were worth $1,122,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AIA Group Ltd raised its position in shares of Salesforce by 8.0% during the first quarter. AIA Group Ltd now owns 32,885 shares of the CRM provider's stock worth $8,825,000 after acquiring an additional 2,436 shares during the last quarter. Notis McConarty Edward raised its position in shares of Salesforce by 71.6% during the first quarter. Notis McConarty Edward now owns 3,844 shares of the CRM provider's stock worth $1,032,000 after acquiring an additional 1,604 shares during the last quarter. Aberdeen Group plc raised its position in shares of Salesforce by 1.5% during the first quarter. Aberdeen Group plc now owns 1,036,482 shares of the CRM provider's stock worth $274,802,000 after acquiring an additional 15,782 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. raised its position in shares of Salesforce by 43.0% during the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 104,834 shares of the CRM provider's stock worth $28,133,000 after acquiring an additional 31,537 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt raised its position in shares of Salesforce by 121.9% during the first quarter. Alecta Tjanstepension Omsesidigt now owns 355,000 shares of the CRM provider's stock worth $95,222,000 after acquiring an additional 195,000 shares during the last quarter. Institutional investors own 80.43% of the company's stock.

Salesforce Stock Up 0.9%

NYSE:CRM opened at $248.0150 on Monday. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14. The stock has a market cap of $237.10 billion, a price-to-earnings ratio of 38.81, a PEG ratio of 2.25 and a beta of 1.37. The stock has a 50-day moving average price of $258.37 and a two-hundred day moving average price of $271.51.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.55 by $0.03. Salesforce had a return on equity of 12.94% and a net margin of 16.08%.The firm had revenue of $9.83 billion during the quarter, compared to analysts' expectations of $9.74 billion. During the same period in the previous year, the firm earned $2.44 earnings per share. The company's revenue was up 7.6% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.270-11.330 EPS. Q2 2026 guidance at 2.760-2.780 EPS. As a group, equities analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were 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 was Wednesday, June 18th. Salesforce's payout ratio is presently 25.98%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CRM shares. The Goldman Sachs Group boosted their target price on Salesforce from $340.00 to $385.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. DA Davidson upgraded Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 price objective for the company in a report on Friday, August 15th. Erste Group Bank downgraded Salesforce from a "buy" rating to a "hold" rating in a report on Thursday, June 5th. Oppenheimer reiterated an "outperform" rating and issued a $370.00 price objective on shares of Salesforce in a report on Tuesday, June 10th. Finally, Stephens dropped their price objective on Salesforce from $311.00 to $309.00 and set an "equal weight" rating for the company in a report on Friday, May 30th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $342.89.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction dated 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 directly owned 11,911,571 shares of the company's stock, valued at approximately $3,061,511,978.42. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 52,577 shares of company stock valued at $13,528,188 over the last ninety days. 3.00% of the stock is currently owned by 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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