Jump Financial LLC Has $32.86 Million Position in Salesforce Inc. $CRM

Key Points

• Jump Financial LLC significantly increased its holdings in Salesforce Inc. by 11,227.2%, owning 122,447 shares valued at approximately $32.86 million as of the latest reporting period.
• Salesforce reported earnings of $2.58 per share for the last quarter, exceeding analyst expectations and achieving a 7.6% year-over-year revenue growth with a total revenue of $9.83 billion.
• The company has set expectations for future earnings with FY 2026 guidance projected at 11.270-11.330 EPS and a Q2 2026 guidance of 2.760-2.780 EPS.

Jump Financial LLC increased its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 11,227.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,447 shares of the CRM provider's stock after purchasing an additional 121,366 shares during the period. Jump Financial LLC's holdings in Salesforce were worth $32,860,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. SVB Wealth LLC lifted its position in Salesforce by 4.9% during the 1st quarter. SVB Wealth LLC now owns 17,072 shares of the CRM provider's stock worth $4,582,000 after acquiring an additional 803 shares during the last quarter. Cadence Bank acquired a new position in Salesforce during the 1st quarter worth $1,173,000. APG Asset Management N.V. lifted its position in Salesforce by 2.0% during the 1st quarter. APG Asset Management N.V. now owns 930,732 shares of the CRM provider's stock worth $231,227,000 after acquiring an additional 17,877 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Salesforce by 4.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 9,098 shares of the CRM provider's stock worth $2,456,000 after acquiring an additional 352 shares during the last quarter. Finally, Westwood Wealth Management acquired a new position in Salesforce during the 1st quarter worth $846,000. Institutional investors and hedge funds own 80.43% of the company's stock.

Wall Street Analysts Forecast Growth

CRM has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of Salesforce from $255.00 to $275.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Bank of America reduced their target price on shares of Salesforce from $350.00 to $325.00 and set a "buy" rating for the company in a research note on Tuesday. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $275.00 target price on shares of Salesforce in a research note on Monday, August 18th. Piper Sandler increased their price target on shares of Salesforce from $315.00 to $335.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $404.00 price target (up previously from $393.00) on shares of Salesforce in a research report on Thursday, May 29th. Four analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Salesforce has an average rating of "Moderate Buy" and an average price target of $340.54.

Salesforce Price Performance

Shares of NYSE CRM traded down $3.61 during mid-day trading on Tuesday, hitting $244.26. 8,811,320 shares of the stock were exchanged, compared to its average volume of 7,234,711. The company has a market cap of $233.52 billion, a P/E ratio of 38.23, a PEG ratio of 2.25 and a beta of 1.37. The stock's fifty day simple moving average is $258.06 and its two-hundred day simple moving average is $270.96. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.07 and a current ratio of 1.07. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.03. The company had revenue of $9.83 billion during the quarter, compared to analyst estimates of $9.74 billion. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. The company's revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $2.44 earnings per share. 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, analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were issued a dividend of $0.416 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce's dividend payout ratio (DPR) is presently 25.98%.

Insider Buying and Selling at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $247.57, for a total transaction of $557,032.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $2,948,947,632.47. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 57,077 shares of company stock worth $14,642,478 over the last three months. Company insiders own 3.00% of the company's stock.

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.