Rovin Capital UT ADV Acquires 984 Shares of Salesforce Inc. $CRM

Rovin Capital UT ADV grew its stake in shares of Salesforce Inc. (NYSE:CRM) by 80.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,206 shares of the CRM provider’s stock after purchasing an additional 984 shares during the quarter. Rovin Capital UT ADV’s holdings in Salesforce were worth $602,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CRM. Coign Capital Advisors LLC raised its stake in shares of Salesforce by 1.7% during the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock valued at $586,000 after acquiring an additional 37 shares during the last quarter. Staley Capital Advisers Inc. raised its position in Salesforce by 1.1% during the 1st quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock valued at $897,000 after purchasing an additional 38 shares during the last quarter. KDT Advisors LLC raised its position in Salesforce by 4.1% during the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock valued at $260,000 after purchasing an additional 38 shares during the last quarter. First Command Advisory Services Inc. grew its position in shares of Salesforce by 7.3% in the 1st quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock worth $154,000 after buying an additional 39 shares during the last quarter. Finally, Mendel Money Management increased its stake in shares of Salesforce by 3.6% during the first quarter. Mendel Money Management now owns 1,112 shares of the CRM provider’s stock valued at $298,000 after buying an additional 39 shares during the period. 80.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CRM. JPMorgan Chase & Co. reduced their price objective on shares of Salesforce from $380.00 to $365.00 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 report on Thursday, October 16th. Northland Securities lowered Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price target on the stock. in a research report on Tuesday, October 14th. JMP Securities reiterated a “market outperform” rating and issued a $430.00 price target on shares of Salesforce in a research note on Friday, October 17th. Finally, Roth Capital reissued a “buy” rating and set a $395.00 price target on shares of Salesforce in a research report on Thursday, September 4th. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $325.23.

Salesforce Price Performance

NYSE CRM opened at $239.27 on Friday. The business’s fifty day moving average is $247.74 and its 200 day moving average is $258.13. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $227.79 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19.

Salesforce (NYSE:CRM) last posted 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. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the previous year, the firm earned $2.56 EPS. The business’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. Sell-side analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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

Insider Activity

In related news, CEO Marc Benioff sold 122 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $259.00, for a total transaction of $31,598.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,085,096,889. This represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 74,372 shares of company stock worth $18,317,866 in the last quarter. Company insiders own 3.00% of the company’s stock.

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.