Salesforce Inc. $CRM Shares Acquired by Phoenix Financial Ltd.

Phoenix Financial Ltd. grew its stake in Salesforce Inc. (NYSE:CRM) by 0.7% during the second quarter, HoldingsChannel reports. The firm owned 53,375 shares of the CRM provider’s stock after purchasing an additional 363 shares during the quarter. Phoenix Financial Ltd.’s holdings in Salesforce were worth $14,559,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. DekaBank Deutsche Girozentrale grew its holdings in Salesforce by 0.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,237,031 shares of the CRM provider’s stock worth $341,473,000 after acquiring an additional 7,813 shares during the period. Bogart Wealth LLC grew its holdings in Salesforce by 4.6% during the second quarter. Bogart Wealth LLC now owns 48,634 shares of the CRM provider’s stock worth $13,262,000 after acquiring an additional 2,134 shares during the period. Schnieders Capital Management LLC grew its holdings in Salesforce by 118.9% during the second quarter. Schnieders Capital Management LLC now owns 1,854 shares of the CRM provider’s stock worth $506,000 after acquiring an additional 1,007 shares during the period. FLC Capital Advisors grew its holdings in Salesforce by 54.7% during the second quarter. FLC Capital Advisors now owns 5,723 shares of the CRM provider’s stock worth $1,561,000 after acquiring an additional 2,023 shares during the period. Finally, Orin Green Financial LLC grew its holdings in Salesforce by 1.9% during the second quarter. Orin Green Financial LLC now owns 8,461 shares of the CRM provider’s stock worth $2,307,000 after acquiring an additional 161 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Activity

In related news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $244.64, for a total transaction of $550,440.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,914,046,729.44. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 78,750 shares of company stock valued at $19,480,343 in the last quarter. 3.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CRM. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price objective on shares of Salesforce in a report on Thursday, October 16th. KeyCorp decreased their target price on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Wedbush reiterated an “outperform” rating and set a $375.00 target price on shares of Salesforce in a research report on Thursday, October 16th. UBS Group decreased their target price on Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a research report on Monday, August 18th. Finally, Macquarie reiterated a “neutral” rating and set a $250.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and an average price target of $325.23.

Salesforce Stock Up 4.6%

Shares of NYSE:CRM opened at $254.31 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The stock’s fifty day simple moving average is $244.81 and its 200-day simple moving average is $257.89. The company has a market capitalization of $242.10 billion, a P/E ratio of 36.96, a P/E/G ratio of 2.04 and a beta of 1.19.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the business earned $2.56 earnings per share. 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. As a group, equities research analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

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