Salesforce Inc. $CRM Shares Bought by DeDora Capital Inc.

DeDora Capital Inc. grew its stake in shares of Salesforce Inc. (NYSE:CRM) by 5.0% in the second quarter, Holdings Channel.com reports. The fund owned 8,532 shares of the CRM provider’s stock after buying an additional 407 shares during the quarter. DeDora Capital Inc.’s holdings in Salesforce were worth $2,327,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Salesforce during the 2nd quarter valued at $46,058,000. Signature Estate & Investment Advisors LLC lifted its position in shares of Salesforce by 6.3% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 274,295 shares of the CRM provider’s stock valued at $74,797,000 after acquiring an additional 16,370 shares during the last quarter. United Bank lifted its position in shares of Salesforce by 5.2% during the 2nd quarter. United Bank now owns 10,198 shares of the CRM provider’s stock valued at $2,781,000 after acquiring an additional 500 shares during the last quarter. Novare Capital Management LLC lifted its holdings in shares of Salesforce by 2.7% in the second quarter. Novare Capital Management LLC now owns 34,618 shares of the CRM provider’s stock valued at $9,440,000 after purchasing an additional 916 shares in the last quarter. Finally, Otter Creek Advisors LLC lifted its holdings in shares of Salesforce by 47.8% in the second quarter. Otter Creek Advisors LLC now owns 17,325 shares of the CRM provider’s stock valued at $4,724,000 after purchasing an additional 5,600 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, September 4th. DA Davidson restated a “neutral” rating and issued a $225.00 target price on shares of Salesforce in a report on Thursday. Wall Street Zen upgraded Salesforce from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Needham & Company LLC restated a “buy” rating and issued a $400.00 target price on shares of Salesforce in a report on Thursday. Finally, Royal Bank Of Canada reduced their target price on Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a report on Thursday, September 4th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $325.23.

Insider Buying and Selling at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $234.64, for a total transaction of $527,940.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,794,931,019.44. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David Blair Kirk bought 3,400 shares of the stock in a transaction on Tuesday, September 9th. The shares were acquired at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 78,750 shares of company stock worth $19,521,495 over the last three months. Company insiders own 3.00% of the company’s stock.

Salesforce Price Performance

Shares of NYSE:CRM opened at $243.27 on Friday. 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 Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The business has a fifty day simple moving average of $244.38 and a 200 day simple moving average of $257.77. The firm has a market cap of $231.59 billion, a price-to-earnings ratio of 35.36, a P/E/G ratio of 2.10 and a beta of 1.19.

Salesforce (NYSE:CRM) last announced its quarterly earnings data 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 business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the company earned $2.56 earnings per share. Salesforce’s quarterly revenue 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. As a group, sell-side analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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

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.