Louisbourg Investments Inc. Acquires 2,800 Shares of Salesforce Inc. $CRM

Louisbourg Investments Inc. lifted its holdings in Salesforce Inc. (NYSE:CRM) by 10.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,157 shares of the CRM provider’s stock after buying an additional 2,800 shares during the quarter. Salesforce comprises 1.7% of Louisbourg Investments Inc.’s portfolio, making the stock its 13th biggest holding. Louisbourg Investments Inc.’s holdings in Salesforce were worth $7,951,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CRM. Nuveen LLC bought a new position in shares of Salesforce in the first quarter valued at about $2,039,196,000. Longview Partners Guernsey LTD bought a new stake in Salesforce during the 1st quarter worth about $467,944,000. Pacer Advisors Inc. raised its holdings in Salesforce by 1,744.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after purchasing an additional 1,721,550 shares during the last quarter. Vanguard Group Inc. raised its holdings in Salesforce by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after purchasing an additional 1,383,942 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. bought a new stake in Salesforce during the 1st quarter worth about $345,100,000. 80.43% of the stock is owned by institutional investors.

Salesforce Price Performance

Salesforce stock opened at $242.11 on Friday. The firm has a market capitalization of $230.49 billion, a P/E ratio of 35.19, a PEG ratio of 2.12 and a beta of 1.19. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The business has a 50-day moving average of $244.68 and a 200-day moving average of $258.93. 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) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the company earned $2.56 EPS. The company’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. On average, equities analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were given a $0.416 dividend. The ex-dividend date was Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s payout ratio is currently 24.13%.

Insider Activity at Salesforce

In other Salesforce news, Director David Blair Kirk acquired 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the transaction, the director owned 3,824 shares of the company’s stock, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $248.40, for a total value of $558,900.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $2,958,834,236.40. This represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,750 shares of company stock valued at $19,634,805 over the last quarter. 3.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CRM. JMP Securities reissued a “market outperform” rating and set a $430.00 price objective on shares of Salesforce in a report on Tuesday, September 2nd. Sanford C. Bernstein dropped their price objective on Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a report on Thursday, September 4th. Royal Bank Of Canada dropped their price objective on Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a report on Thursday, September 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Salesforce in a report on Saturday, September 27th. Finally, Wall Street Zen raised Salesforce from a “hold” rating to a “buy” rating in a report on Saturday. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $331.89.

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.