RPG Investment Advisory LLC Acquires 40,057 Shares of Salesforce Inc. $CRM

Key Points

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RPG Investment Advisory LLC increased its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 105.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,204 shares of the CRM provider's stock after acquiring an additional 40,057 shares during the period. RPG Investment Advisory LLC's holdings in Salesforce were worth $20,987,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Coign Capital Advisors LLC increased its holdings in Salesforce by 1.7% during the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider's stock valued at $586,000 after purchasing an additional 37 shares during the period. Staley Capital Advisers Inc. increased its holdings in Salesforce by 1.1% during the 1st quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider's stock valued at $897,000 after purchasing an additional 38 shares during the period. Liberty One Investment Management LLC increased its holdings in Salesforce by 1.2% during the 1st quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider's stock valued at $849,000 after purchasing an additional 39 shares during the period. First Command Advisory Services Inc. increased 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 during the period. Finally, Mendel Money Management increased 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 during the period. 80.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Marc Benioff sold 2,250 shares of the firm'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 approximately $3,061,511,978.42. This trade represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders sold 52,577 shares of company stock valued at $13,528,188. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CRM has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price target on Salesforce from $340.00 to $385.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $275.00 target price on shares of Salesforce in a report on Monday. Barclays reduced their target price on Salesforce from $347.00 to $316.00 and set an "overweight" rating on the stock in a report on Monday. DA Davidson upgraded Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 target price on the stock in a report on Friday, August 15th. Finally, UBS Group reduced their target price on Salesforce from $300.00 to $260.00 and set a "neutral" rating on the stock in a report on Monday. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $342.89.

Salesforce Stock Performance

CRM stock opened at $245.7830 on Friday. The stock's 50 day simple moving average is $258.58 and its 200 day simple moving average is $273.10. The stock has a market capitalization of $234.97 billion, a PE ratio of 38.46, a price-to-earnings-growth 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 12-month low of $226.48 and a 12-month high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.03. The firm had revenue of $9.83 billion for the quarter, compared to analysts' expectations of $9.74 billion. Salesforce had a return on equity of 12.94% and a net margin of 16.08%.The company's revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm 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. As a group, research analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were issued a $0.416 dividend. 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, June 18th. Salesforce's dividend payout ratio (DPR) is currently 25.98%.

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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