Global X Japan Co. Ltd. Buys Shares of 6,144 Salesforce Inc. $CRM

Key Points

• Global X Japan Co. Ltd. invested approximately $1.68 million in Salesforce Inc. during the 2nd quarter, acquiring 6,144 shares of the CRM provider.
• Salesforce reported a quarterly earnings per share (EPS) of $2.91, exceeding analysts' expectations, with a revenue of $10.24 billion for the quarter, a 9.8% increase year-over-year.
• Salesforce announced a quarterly dividend of $0.416 per share, set to be paid on October 9th, with a current dividend yield of 0.7% and a payout ratio of 24.13%.

Global X Japan Co. Ltd. bought a new position in shares of Salesforce Inc. (NYSE:CRM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,144 shares of the CRM provider's stock, valued at approximately $1,675,000.

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

Insider Transactions at Salesforce

In other news, Director David Blair Kirk purchased 3,400 shares of Salesforce stock in a transaction on Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total transaction of $578,295.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $3,061,511,978.42. This represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,327 shares of company stock valued at $19,651,406 over the last quarter. Insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CRM shares. Cantor Fitzgerald restated an "overweight" rating and issued a $325.00 price objective on shares of Salesforce in a report on Thursday, September 4th. Northland Securities cut their target price on Salesforce from $423.00 to $396.00 and set an "outperform" rating on the stock in a research note on Thursday, May 29th. Piper Sandler dropped their target price on Salesforce from $335.00 to $315.00 and set an "overweight" rating for the company in a research report on Thursday, September 4th. Westpark Capital reissued a "buy" rating and set a $320.00 price objective on shares of Salesforce in a research note on Wednesday, May 28th. Finally, KeyCorp cut their price target on Salesforce from $440.00 to $400.00 and set an "overweight" rating for the company 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 assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $332.58.

Salesforce Stock Up 1.1%

Salesforce stock traded up $2.76 during trading hours on Friday, hitting $247.04. The company had a trading volume of 11,772,214 shares, compared to its average volume of 10,219,225. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The firm's fifty day moving average is $250.77 and its 200-day moving average is $262.77. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $235.18 billion, a P/E ratio of 35.91, a price-to-earnings-growth ratio of 2.25 and a beta of 1.22.

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

Salesforce Announces Dividend

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

About Salesforce

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.