OFI Invest Asset Management Boosts Stock Position in Salesforce Inc. $CRM

Key Points

• OFI Invest Asset Management increased its stake in Salesforce Inc. by 3.9% in Q2, owning 254,211 shares valued at approximately $69.3 million.
• Salesforce's CEO, Marc Benioff, sold 2,250 shares of the company stock for about $539,528, reducing his ownership by 0.02%.
• Salesforce has an average analyst rating of "Moderate Buy" with a consensus price target of $331.89, despite some recent downward adjustments by firms like UBS and Wells Fargo.

OFI Invest Asset Management grew its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 3.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 254,211 shares of the CRM provider's stock after buying an additional 9,512 shares during the quarter. OFI Invest Asset Management's holdings in Salesforce were worth $69,321,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Coign Capital Advisors LLC increased its position in shares of Salesforce by 1.7% in the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider's stock valued at $586,000 after buying an additional 37 shares in the last quarter. Staley Capital Advisers Inc. increased its position in shares of Salesforce by 1.1% in the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider's stock valued at $897,000 after buying an additional 38 shares in the last quarter. KDT Advisors LLC increased its position in shares of Salesforce by 4.1% in the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider's stock valued at $260,000 after buying an additional 38 shares in the last quarter. Liberty One Investment Management LLC increased its position in shares of Salesforce by 1.2% in the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider's stock valued at $849,000 after buying an additional 39 shares in the last quarter. Finally, First Command Advisory Services Inc. increased its position in shares of Salesforce by 7.3% in the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider's stock valued at $154,000 after buying an additional 39 shares in the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $239.79, for a total value of $539,527.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $2,856,275,610.09. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 78,750 shares of company stock worth $19,634,805. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CRM shares. Macquarie reaffirmed a "neutral" rating and issued a $290.00 price target on shares of Salesforce in a research note on Thursday, September 4th. UBS Group lowered their price target on Salesforce from $300.00 to $260.00 and set a "neutral" rating on the stock in a research note on Monday, August 18th. Wall Street Zen raised Salesforce from a "hold" rating to a "buy" rating in a research note on Saturday. Barclays lowered their price target on Salesforce from $347.00 to $316.00 and set an "overweight" rating on the stock in a research note on Monday, August 18th. Finally, Wells Fargo & Company lowered their price target on Salesforce from $275.00 to $265.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 4th. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Salesforce presently has an average rating of "Moderate Buy" and a consensus price target of $331.89.

Salesforce Stock Down 1.3%

Shares of NYSE CRM opened at $242.11 on Friday. The stock has a market cap of $230.49 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 2.09 and a beta of 1.19. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The business has a 50-day moving average price of $244.68 and a 200 day moving average price of $258.77.

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

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were given a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce's dividend payout ratio (DPR) is presently 24.13%.

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.

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