Salesforce Inc. $CRM Stock Holdings Increased by Quarry LP

Key Points

• Quarry LP significantly increased its stake in Salesforce Inc., boosting holdings by 927.5% to 2,507 shares, valued at approximately $673,000.
• Recent analyst activity shows mixed upgrades and downgrades for Salesforce, with a current average price target of $341.47 and a consensus rating of "Moderate Buy."
• CEO Marc Benioff sold 2,250 shares of Salesforce stock, resulting in a minor 0.02% decrease in his overall position, while insider sales totaled over $15 million in the last three months.

Quarry LP lifted its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 927.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,507 shares of the CRM provider's stock after acquiring an additional 2,263 shares during the period. Quarry LP's holdings in Salesforce were worth $673,000 as of its most recent SEC filing.

Several other large investors also recently 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 worth $586,000 after acquiring 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 worth $897,000 after acquiring 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 worth $849,000 after acquiring an additional 39 shares in the last quarter. First Command Advisory Services Inc. grew its holdings in Salesforce by 7.3% during the 1st quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider's stock valued at $154,000 after purchasing an additional 39 shares in the last quarter. Finally, Mendel Money Management grew its holdings in Salesforce by 3.6% during the 1st quarter. Mendel Money Management now owns 1,112 shares of the CRM provider's stock valued at $298,000 after purchasing an additional 39 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CRM shares. Piper Sandler raised their price target on shares of Salesforce from $315.00 to $335.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. Stephens lowered their price target on shares of Salesforce from $311.00 to $309.00 and set an "equal weight" rating for the company in a report on Friday, May 30th. Mizuho lowered their price target on shares of Salesforce from $425.00 to $380.00 and set an "outperform" rating for the company in a report on Thursday, May 15th. Morgan Stanley raised their price target on shares of Salesforce from $404.00 to $405.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Wells Fargo & Company raised their price target on shares of Salesforce from $255.00 to $275.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $341.50.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total transaction of $578,295.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $3,061,511,978.42. The trade was a 0.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 61,577 shares of company stock worth $15,776,163. Insiders own 3.00% of the company's stock.

Salesforce Stock Performance

Shares of NYSE CRM traded up $4.01 during midday trading on Wednesday, hitting $256.87. The company's stock had a trading volume of 16,357,078 shares, compared to its average volume of 7,302,415. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The firm's fifty day moving average price is $256.83 and its 200-day moving average price is $268.26. 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 has a market cap of $245.57 billion, a P/E ratio of 40.20, a P/E/G ratio of 2.33 and a beta of 1.22.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.27 EPS for the quarter, missing the consensus estimate of $2.77 by ($0.50). Salesforce had a net margin of 16.08% and a return on equity of 12.94%. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, sell-side analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were paid a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, June 18th. Salesforce's payout ratio is presently 25.98%.

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.