J. W. Coons Advisors LLC Purchases 200 Shares of Salesforce Inc. $CRM

J. W. Coons Advisors LLC increased its stake in Salesforce Inc. (NYSE:CRM) by 10.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,078 shares of the CRM provider’s stock after purchasing an additional 200 shares during the quarter. J. W. Coons Advisors LLC’s holdings in Salesforce were worth $567,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $255.30, for a total value of $574,425.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,041,024,076.30. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Blair Kirk bought 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the transaction, the director directly owned 3,824 shares of the company’s stock, valued at $973,819.84. This represents a 801.89% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 78,750 shares of company stock valued at $19,385,933 over the last quarter. 3.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CRM shares. Canaccord Genuity Group lowered their price target on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. UBS Group lowered their target price on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a report on Monday, August 18th. Macquarie reissued a “neutral” rating and set a $250.00 target price on shares of Salesforce in a report on Thursday, October 16th. Royal Bank Of Canada lowered their target price on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a report on Thursday, September 4th. Finally, Oppenheimer lowered their target price on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, August 26th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $325.23.

Salesforce Stock Up 0.4%

CRM opened at $261.32 on Tuesday. The company has a fifty day moving average price of $247.79 and a 200-day moving average price of $258.25. The firm has a market capitalization of $248.78 billion, a P/E ratio of 37.98, a price-to-earnings-growth ratio of 2.11 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 Inc. has a one year low of $226.48 and a one year high of $369.00.

Salesforce (NYSE:CRM) last released its quarterly 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. The firm 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%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous 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. Equities research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were given a $0.416 dividend. The ex-dividend date was Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.6%. Salesforce’s payout ratio is 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.