Renaissance Group LLC Buys 4,638 Shares of Salesforce Inc. $CRM

Key Points

• Renaissance Group LLC increased its stake in Salesforce by 4.2% in Q2, buying 4,638 shares to hold 115,370 shares valued at about $31.46 million.
• Notable insider activity: CEO Marc Benioff sold 2,250 shares (about $545,378) while director David Blair Kirk purchased 3,400 shares, and insiders have sold 63,122 shares worth $15.6 million in the past 90 days (insiders own 3.0%).
• Analyst and operational backdrop: Salesforce beat Q results (EPS $2.91, revenue $10.24B), gave FY26 EPS guidance of $11.33–11.37, and carries a consensus rating of "Moderate Buy" with an average target of $323.51.

Renaissance Group LLC boosted its position in Salesforce Inc. (NYSE:CRM - Free Report) by 4.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 115,370 shares of the CRM provider's stock after purchasing an additional 4,638 shares during the quarter. Renaissance Group LLC's holdings in Salesforce were worth $31,460,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Painted Porch Advisors LLC grew its holdings in Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock worth $25,000 after purchasing an additional 65 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its stake in Salesforce by 314.8% during the 1st 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 during the last quarter. Christopher J. Hasenberg Inc increased its position in Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock valued at $32,000 after buying an additional 92 shares in the last quarter. Maseco LLP acquired a new stake in Salesforce in the second quarter worth about $34,000. Finally, Quaker Wealth Management LLC grew its stake in shares of Salesforce by 208.6% during the second quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider's stock worth $34,000 after acquiring an additional 242 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

Insider Activity

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $242.39, for a total transaction of $545,377.50. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,887,245,694.69. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the transaction, the director directly owned 3,824 shares of the company's stock, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders sold 63,122 shares of company stock valued at $15,615,413. 3.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on CRM shares. Wells Fargo & Company dropped their target price on shares of Salesforce from $275.00 to $265.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 4th. Wedbush reissued an "outperform" rating and issued a $375.00 target price on shares of Salesforce in a research report on Thursday, October 16th. DA Davidson reaffirmed a "neutral" rating and set a $225.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Royal Bank Of Canada reduced their price objective on Salesforce from $275.00 to $250.00 and set a "sector perform" rating for the company in a research note on Thursday, September 4th. Finally, Macquarie reiterated a "neutral" rating and issued a $250.00 price target on shares of Salesforce in a report on Thursday, October 16th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $323.51.

Salesforce Trading Down 1.5%

Shares of NYSE:CRM opened at $233.37 on Wednesday. The company has a market capitalization of $222.17 billion, a PE ratio of 33.92, a PEG ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The business has a 50 day moving average of $245.83 and a two-hundred day moving average of $256.96. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to analysts' expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business's revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

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

Salesforce Company 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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