Hall Laurie J Trustee Invests $2.30 Million in Salesforce Inc. $CRM

Key Points

• Hall Laurie J Trustee invested approximately $2.30 million in Salesforce Inc. by acquiring 8,445 shares during the 2nd quarter.
• Salesforce reported strong quarterly earnings, outperforming analysts' expectations with a net revenue of $10.24 billion and EPS of $2.91.
• The firm also announced a quarterly dividend of $0.416 per share, showcasing a dividend yield of 0.7%.

Hall Laurie J Trustee purchased a new position in Salesforce Inc. (NYSE:CRM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,445 shares of the CRM provider's stock, valued at approximately $2,303,000.

Several other large investors also recently modified their holdings of the stock. Brighton Jones LLC lifted its holdings in shares of Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock valued at $8,582,000 after acquiring an additional 3,102 shares during the period. Revolve Wealth Partners LLC grew its stake in Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock worth $611,000 after buying an additional 205 shares during the last quarter. Bison Wealth LLC increased its holdings in shares of Salesforce by 9.0% during the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock worth $747,000 after buying an additional 184 shares in the last quarter. Voloridge Investment Management LLC bought a new position in shares of Salesforce in the fourth quarter valued at approximately $872,000. Finally, United Advisor Group LLC boosted its holdings in shares of Salesforce by 11.4% in the 4th quarter. United Advisor Group LLC now owns 1,911 shares of the CRM provider's stock worth $639,000 after acquiring an additional 196 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Salesforce

In other news, Director David Blair Kirk bought 3,400 shares of the firm's stock in a transaction dated Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the transaction, the director owned 3,824 shares of the company's stock, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $245.09, for a total value of $551,452.50. Following the completion of the sale, the chief executive officer 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 74,250 shares of company stock valued at $18,844,155 in the last ninety days. Insiders own 3.00% of the company's stock.

Salesforce Stock Performance

Shares of CRM opened at $249.64 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The firm has a fifty day simple moving average of $250.58 and a 200 day simple moving average of $262.38. The stock has a market capitalization of $237.66 billion, a price-to-earnings ratio of 36.28, a PEG ratio of 2.25 and a beta of 1.22.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the firm posted $2.56 EPS. 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. Research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Morgan Stanley raised their price target on Salesforce from $404.00 to $405.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. Royal Bank Of Canada lowered their target price on Salesforce from $275.00 to $250.00 and set a "sector perform" rating for the company in a research note on Thursday, September 4th. Oppenheimer decreased their price objective on shares of Salesforce from $370.00 to $315.00 and set an "outperform" rating on the stock in a report on Tuesday, August 26th. Stephens decreased their price target on shares of Salesforce from $311.00 to $309.00 and set an "equal weight" rating on the stock in a research note on Friday, May 30th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Salesforce from $400.00 to $340.00 and set a "buy" rating for the company in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Salesforce has an average rating of "Moderate Buy" and an average price target of $332.58.

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.

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