Salesforce Inc. $CRM Shares Purchased by Bey Douglas LLC

Bey Douglas LLC boosted its position in Salesforce Inc. (NYSE:CRM) by 33.7% in the 2nd quarter, Holdings Channel reports. The firm owned 20,616 shares of the CRM provider’s stock after acquiring an additional 5,191 shares during the quarter. Salesforce accounts for about 3.4% of Bey Douglas LLC’s portfolio, making the stock its 13th largest position. Bey Douglas LLC’s holdings in Salesforce were worth $5,622,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Coign Capital Advisors LLC raised its stake in Salesforce by 1.7% in 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 last quarter. Staley Capital Advisers Inc. increased its stake in shares of Salesforce by 1.1% in the 1st quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock worth $897,000 after acquiring an additional 38 shares during the last quarter. KDT Advisors LLC increased its stake in shares of Salesforce by 4.1% in the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock worth $260,000 after acquiring an additional 38 shares during the last quarter. Liberty One Investment Management LLC increased its stake in shares of Salesforce by 1.2% in the 1st quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock worth $849,000 after acquiring an additional 39 shares during the last quarter. Finally, First Command Advisory Services Inc. increased its stake in shares of Salesforce by 7.3% in the 1st quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock worth $154,000 after acquiring an additional 39 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Performance

Shares of Salesforce stock opened at $242.11 on Friday. The business has a 50-day moving average of $244.68 and a 200 day moving average of $258.93. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The stock has a market capitalization of $230.49 billion, a price-to-earnings ratio of 35.19, a price-to-earnings-growth ratio of 2.12 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS 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 during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the business posted $2.56 EPS. Salesforce’s revenue for the quarter 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. As a group, sell-side analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were issued a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is 24.13%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Piper Sandler cut their target price on Salesforce from $335.00 to $315.00 and set an “overweight” rating for the company in a research note on Thursday, September 4th. Barclays cut their target price on Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research note on Monday, August 18th. Macquarie reaffirmed a “neutral” rating and issued a $290.00 target price on shares of Salesforce in a research note on Thursday, September 4th. BMO Capital Markets cut their price objective on Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. Finally, Bank of America cut their price objective on Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a research report on Tuesday, August 26th. Twenty-six analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and a consensus target price of $331.89.

Insider Activity

In related news, Director David Blair Kirk acquired 3,400 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the purchase, the director owned 3,824 shares of the company’s stock, valued at $973,819.84. This represents a 801.89% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated 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. The trade was a 0.02% decrease in their position. 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 in the last quarter. Company insiders own 3.00% of the company’s stock.

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.