Salesforce Inc. $CRM Shares Acquired by IFP Advisors Inc

Key Points

• IFP Advisors Inc. increased its holdings in Salesforce Inc. by 76.9%, acquiring a total of 19,510 shares valued at approximately $5.32 million.
• CEO Marc Benioff sold 2,250 shares of Salesforce stock, reducing his ownership slightly, with the transaction totaling $539,527.50.
• Salesforce reported a 9.8% year-over-year revenue growth for the quarter, with earnings of $2.91 per share that exceeded analysts' expectations.

IFP Advisors Inc lifted its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 76.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,510 shares of the CRM provider's stock after purchasing an additional 8,483 shares during the period. IFP Advisors Inc's holdings in Salesforce were worth $5,322,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Painted Porch Advisors LLC increased its position in shares of Salesforce by 260.0% during 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 in the last quarter. Capital A Wealth Management LLC increased its position in shares of Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after purchasing an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its position in shares of Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after purchasing an additional 85 shares in the last quarter. Abound Financial LLC purchased a new position in shares of Salesforce during the first quarter worth about $31,000. Finally, Christopher J. Hasenberg Inc grew its holdings in shares of Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock worth $32,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Insider Activity

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

Salesforce Price Performance

Shares of CRM opened at $244.92 on Friday. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The stock's 50 day moving average is $244.86 and its two-hundred day moving average is $259.25. The firm has a market capitalization of $233.16 billion, a PE ratio of 35.60, a P/E/G ratio of 2.08 and a beta of 1.19. 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 announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the company earned $2.56 EPS. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Research analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently declared 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. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce's dividend payout ratio (DPR) is presently 24.13%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CRM shares. Needham & Company LLC reissued a "buy" rating and set a $400.00 price target on shares of Salesforce in a report on Thursday, September 4th. Piper Sandler lowered their price target on Salesforce from $335.00 to $315.00 and set an "overweight" rating on the stock in a report on Thursday, September 4th. Barclays lowered their price target on Salesforce from $347.00 to $316.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. Morgan Stanley raised their price target on Salesforce from $404.00 to $405.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. Finally, Stifel Nicolaus lowered their price target on Salesforce from $325.00 to $300.00 and set a "buy" rating on the stock in a report on Thursday. Twenty-six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $331.89.

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.

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