Salesforce Inc. $CRM Shares Bought by Nan Shan Life Insurance Co. Ltd.

Key Points

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Nan Shan Life Insurance Co. Ltd. grew its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 1,706.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 140,250 shares of the CRM provider's stock after acquiring an additional 132,486 shares during the period. Nan Shan Life Insurance Co. Ltd.'s holdings in Salesforce were worth $37,637,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bernard Wealth Management Corp. bought a new stake in shares of Salesforce during the fourth quarter valued at approximately $25,000. Accredited Wealth Management LLC bought a new position in Salesforce in the fourth quarter worth approximately $27,000. Wood Tarver Financial Group LLC bought a new position in Salesforce in the fourth quarter worth approximately $35,000. Capital A Wealth Management LLC raised its stake in Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after buying an additional 90 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC raised its stake in Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after buying an additional 85 shares in the last quarter. Institutional investors own 80.43% of the company's stock.

Salesforce Stock Up 0.9%

Shares of CRM stock traded up $2.1850 during trading hours on Friday, reaching $248.0150. 4,894,221 shares of the company's stock were exchanged, compared to its average volume of 7,226,546. The stock's 50 day moving average is $258.58 and its 200-day moving average is $273.10. The company has a market cap of $237.10 billion, a price-to-earnings ratio of 38.81, a P/E/G ratio of 2.24 and a beta of 1.37. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share (EPS) for the quarter, topping 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 business had revenue of $9.83 billion for the quarter, compared to the consensus estimate of $9.74 billion. During the same period in the prior year, the firm posted $2.44 earnings per share. The business's quarterly 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. Analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Cuts Dividend

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

Insider Activity

In related news, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total value of $578,295.00. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 52,577 shares of company stock valued at $13,528,188. 3.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CRM has been the subject of a number of recent research reports. DA Davidson raised shares of Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 price objective for the company in a research note on Friday, August 15th. Morgan Stanley reissued an "overweight" rating and issued a $404.00 price objective (up previously from $393.00) on shares of Salesforce in a research note on Thursday, May 29th. Citigroup reduced their price objective on shares of Salesforce from $320.00 to $295.00 and set a "neutral" rating for the company in a research note on Friday, May 30th. Piper Sandler boosted their price objective on shares of Salesforce from $315.00 to $335.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 28th. Finally, Canaccord Genuity Group reduced their price objective on shares of Salesforce from $400.00 to $350.00 and set a "buy" rating for the company in a research note on Wednesday, May 28th. 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 assigned a Sell rating to the stock. According to MarketBeat, Salesforce presently has a consensus rating of "Moderate Buy" and an average target price of $342.89.

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.