Bull Oak Capital LLC Sells 230 Shares of Salesforce Inc. $CRM

Bull Oak Capital LLC lowered its position in Salesforce Inc. (NYSE:CRM) by 14.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,366 shares of the CRM provider’s stock after selling 230 shares during the quarter. Salesforce accounts for about 0.2% of Bull Oak Capital LLC’s holdings, making the stock its 23rd largest position. Bull Oak Capital LLC’s holdings in Salesforce were worth $372,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Painted Porch Advisors LLC boosted its stake in Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after buying an additional 65 shares in the last quarter. Capital A Wealth Management LLC boosted its stake in Salesforce by 450.0% in the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after buying an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after buying an additional 85 shares in the last quarter. Abound Financial LLC acquired a new stake in Salesforce in the 1st quarter valued at $31,000. Finally, Christopher J. Hasenberg Inc boosted its stake in Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after buying an additional 92 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Trading Down 0.4%

CRM stock opened at $254.40 on Wednesday. The company has a market cap of $242.19 billion, a P/E ratio of 36.98, a PEG ratio of 2.14 and a beta of 1.19. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average of $246.93 and a 200-day moving average of $258.05.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping 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 the consensus estimate of $10.14 billion. During the same quarter in the previous year, the company posted $2.56 earnings per share. The firm’s quarterly 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 expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

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

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Monday, October 27th. The stock was sold at an average price of $256.13, for a total transaction of $576,292.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $3,050,910,680.23. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 78,750 shares of company stock worth $19,372,703 over the last ninety days. 3.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on CRM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Salesforce in a research note on Tuesday, October 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $315.00 price target on shares of Salesforce in a research note on Thursday, October 16th. Roth Capital reaffirmed a “buy” rating and issued a $395.00 price target on shares of Salesforce in a research note on Thursday, September 4th. 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. Finally, Stifel Nicolaus cut their price objective on Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $325.23.

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.