Level Four Advisory Services LLC Purchases 2,340 Shares of Salesforce Inc. $CRM

Key Points

• Level Four Advisory Services LLC increased its stake in Salesforce Inc. by 7.6%, holding 33,097 shares worth approximately $8.88 million following an additional purchase of 2,340 shares in Q1.
• Salesforce's quarterly earnings reported an EPS of $2.58, beating estimates, with revenue reaching $9.83 billion, reflecting a 7.6% year-over-year increase.
• Insider trading activity includes CEO Marc Benioff selling 2,250 shares for about $585,675, while insiders have sold a total of 51,032 shares valued at over $13 million in the last quarter.

Level Four Advisory Services LLC increased its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 7.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 33,097 shares of the CRM provider's stock after purchasing an additional 2,340 shares during the period. Level Four Advisory Services LLC's holdings in Salesforce were worth $8,882,000 at the end of the most recent reporting period.

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

Insider Activity

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $246.07, for a total value of $553,657.50. Following the sale, the chief executive officer owned 11,911,571 shares of the company's stock, valued at $2,931,080,275.97. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 52,577 shares of company stock valued at $13,528,188. Company insiders own 3.00% of the company's stock.

Salesforce Trading Up 0.9%

CRM traded up $2.1850 during mid-day trading on Friday, reaching $248.0150. The stock had a trading volume of 6,690,117 shares, compared to its average volume of 7,716,805. The stock has a market capitalization of $237.10 billion, a P/E ratio of 38.81, a P/E/G ratio of 2.23 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.07 and a current ratio of 1.07. The firm's fifty day simple moving average is $258.37 and its two-hundred day simple moving average is $272.44. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00.

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

Salesforce Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were paid a $0.416 dividend. 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 currently 25.98%.

Analyst Upgrades and Downgrades

CRM has been the subject of a number of recent research reports. Morgan Stanley reissued an "overweight" rating and issued a $404.00 target price (up from $393.00) on shares of Salesforce in a report on Thursday, May 29th. Piper Sandler increased their target price on Salesforce from $315.00 to $335.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Canaccord Genuity Group dropped their target price on Salesforce from $400.00 to $350.00 and set a "buy" rating for the company in a report on Wednesday, May 28th. DA Davidson raised Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 target price for the company in a report on Friday, August 15th. Finally, UBS Group dropped their target price on Salesforce from $300.00 to $260.00 and set a "neutral" rating for the company in a report on Monday, August 18th. Four analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Salesforce currently has a consensus rating of "Moderate Buy" and an average price target of $342.89.

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.