D.A. Davidson & CO. Has $12.29 Million Stock Position in Salesforce Inc. $CRM

D.A. Davidson & CO. cut its position in shares of Salesforce Inc. (NYSE:CRM) by 7.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,069 shares of the CRM provider’s stock after selling 3,497 shares during the quarter. D.A. Davidson & CO.’s holdings in Salesforce were worth $12,290,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Coign Capital Advisors LLC boosted its holdings in Salesforce by 1.7% during the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock worth $586,000 after purchasing an additional 37 shares during the last quarter. Staley Capital Advisers Inc. boosted its holdings in Salesforce by 1.1% during the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock worth $897,000 after purchasing an additional 38 shares during the last quarter. KDT Advisors LLC boosted its holdings in Salesforce by 4.1% during the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock worth $260,000 after purchasing an additional 38 shares during the last quarter. Liberty One Investment Management LLC boosted its holdings in Salesforce by 1.2% during the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock worth $849,000 after purchasing an additional 39 shares during the last quarter. Finally, First Command Advisory Services Inc. boosted its holdings in Salesforce by 7.3% during the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock worth $154,000 after purchasing an additional 39 shares during the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce Stock Down 2.5%

Shares of Salesforce stock opened at $256.78 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The company has a 50-day moving average of $245.85 and a 200 day moving average of $257.92. The firm has a market cap of $244.45 billion, a price-to-earnings ratio of 37.32, a PEG ratio of 2.17 and a beta of 1.19. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. Salesforce’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business earned $2.56 EPS. 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 anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were paid a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is currently 24.13%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. UBS Group dropped their target price on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a research note on Monday, August 18th. Sanford C. Bernstein dropped their target price on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research note on Thursday, September 4th. DA Davidson reiterated a “neutral” rating and issued a $225.00 target price on shares of Salesforce in a research note on Thursday, October 16th. Macquarie reissued a “neutral” rating and issued a $250.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Finally, JMP Securities reissued a “market outperform” rating and issued a $430.00 price target on shares of Salesforce in a research report on Friday, October 17th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $325.23.

Insiders Place Their Bets

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $252.28, for a total transaction of $567,630.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,005,051,131.88. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have sold 78,750 shares of company stock worth $19,448,213. 3.00% of the stock is currently owned by company insiders.

About Salesforce

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.