Salesforce Inc. $CRM Shares Bought by Vision Capital Management Inc.

Key Points

• Vision Capital Management Inc. increased its stake in Salesforce Inc. by 4.5% during the second quarter, owning a total of 25,292 shares valued at approximately $6.9 million.
• CEO Marc Benioff sold 2,250 shares, while Director David Blair Kirk purchased 3,400 shares, indicating varying insider trading activity.
• Salesforce reported $2.91 earnings per share for the last quarter, exceeding analysts' estimates, and has set guidance for FY 2026 at 11.330-11.370 EPS.

Vision Capital Management Inc. grew its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 4.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,292 shares of the CRM provider's stock after purchasing an additional 1,090 shares during the period. Salesforce makes up approximately 0.9% of Vision Capital Management Inc.'s investment portfolio, making the stock its 28th largest holding. Vision Capital Management Inc.'s holdings in Salesforce were worth $6,897,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of CRM. Painted Porch Advisors LLC lifted its position 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 period. Capital A Wealth Management LLC raised its holdings in Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after buying an additional 90 shares during the period. CBIZ Investment Advisory Services LLC lifted its position in shares of Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after acquiring an additional 85 shares in the last quarter. Abound Financial LLC purchased a new stake in shares of Salesforce in the first quarter valued at $31,000. Finally, Christopher J. Hasenberg Inc boosted 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 worth $32,000 after acquiring an additional 92 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $269.38, for a total value of $606,105.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $3,208,738,995.98. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Blair Kirk bought 3,400 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The shares were bought at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the transaction, the director directly owned 3,824 shares of the company's stock, valued at $973,819.84. This trade represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 78,750 shares of company stock worth $19,955,745. Company insiders own 3.00% of the company's stock.

Salesforce Price Performance

NYSE CRM opened at $240.93 on Friday. The company has a market cap of $229.37 billion, a P/E ratio of 35.02, a P/E/G ratio of 2.24 and a beta of 1.22. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $249.70 and a 200 day simple moving average of $261.92.

Salesforce (NYSE:CRM - Get Free Report) last released its earnings results 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 net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the business earned $2.56 EPS. The business's revenue 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. On average, sell-side analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CRM. Macquarie reaffirmed a "neutral" rating and set a $290.00 price objective on shares of Salesforce in a research report on Thursday, September 4th. BMO Capital Markets dropped their price target on shares of Salesforce from $335.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday, September 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on Salesforce from $400.00 to $340.00 and set a "buy" rating for the company in a research report on Thursday, September 4th. Oppenheimer dropped their target price on Salesforce from $370.00 to $315.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 26th. Finally, Northland Securities cut their price target on Salesforce from $423.00 to $396.00 and set an "outperform" rating for the company in a research note on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $332.58.

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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