Salesforce Inc. $CRM Stock Holdings Lifted by Delaney Dennis R

Key Points

• Delaney Dennis R increased its Salesforce Inc. (CRM) stock holdings by 24.7% in Q2, owning 7,102 shares valued at approximately $1.94 million.
• Salesforce's stock has received various ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of $331.89.
• CEO Marc Benioff sold 2,250 shares of Salesforce stock, reducing his ownership by 0.02%, while insiders have collectively sold 76,500 shares worth over $19 million in the last ninety days.

Delaney Dennis R raised its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 24.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,102 shares of the CRM provider's stock after purchasing an additional 1,408 shares during the period. Delaney Dennis R's holdings in Salesforce were worth $1,937,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CRM. Painted Porch Advisors LLC increased its holdings in shares of Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock valued at $25,000 after acquiring an additional 65 shares during the last quarter. Capital A Wealth Management LLC grew its holdings in Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its position in shares of Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 85 shares during the period. Abound Financial LLC acquired a new stake in shares of Salesforce in the first quarter worth $31,000. Finally, Christopher J. Hasenberg Inc boosted its holdings in Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock valued at $32,000 after acquiring an additional 92 shares during the period. Institutional investors own 80.43% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Morgan Stanley raised their price target on shares of Salesforce from $404.00 to $405.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Roth Capital restated a "buy" rating and set a $395.00 target price on shares of Salesforce in a research report on Thursday, September 4th. Macquarie reaffirmed a "neutral" rating and issued a $290.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Wells Fargo & Company dropped their price objective on Salesforce from $275.00 to $265.00 and set an "equal weight" rating for the company in a research note on Thursday, September 4th. Finally, BMO Capital Markets reduced their target price 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. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $331.89.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the business's 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 of the company's stock, valued at $2,856,275,610.09. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 76,500 shares of company stock worth $19,049,130. 3.00% of the stock is owned by insiders.

Salesforce Stock Down 1.3%

Shares of CRM opened at $242.11 on Monday. The firm has a market capitalization of $230.49 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 2.09 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The business's fifty day moving average price is $244.68 and its two-hundred day moving average price is $258.64. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00.

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. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

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

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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