Red Tortoise LLC Grows Stake in Salesforce Inc. $CRM

Red Tortoise LLC increased its stake in shares of Salesforce Inc. (NYSE:CRM) by 195.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 322 shares of the CRM provider’s stock after purchasing an additional 213 shares during the period. Red Tortoise LLC’s holdings in Salesforce were worth $88,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Painted Porch Advisors LLC lifted its stake in shares of Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after buying an additional 65 shares in the last quarter. Capital A Wealth Management LLC increased its holdings in shares of Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its position in Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after buying an additional 85 shares in the last quarter. Abound Financial LLC acquired a new position in Salesforce during the first quarter worth $31,000. Finally, Christopher J. Hasenberg Inc grew its holdings 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. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Macquarie reaffirmed a “neutral” rating and set a $290.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Barclays decreased their price objective on Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. JMP Securities reissued a “market outperform” rating and set a $430.00 target price on shares of Salesforce in a research note on Tuesday, September 2nd. KeyCorp cut their price objective on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. Finally, Oppenheimer lowered their target price on Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Tuesday, August 26th. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $332.58.

Insider Transactions at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $251.94, for a total value of $566,865.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,001,001,197.74. This represents a 0.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David Blair Kirk bought 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 78,750 shares of company stock worth $19,747,868. Company insiders own 3.00% of the company’s stock.

Salesforce Trading Up 0.6%

NYSE CRM opened at $240.25 on Monday. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. The firm has a 50 day moving average of $246.66 and a two-hundred day moving average of $260.05. 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 stock has a market capitalization of $228.72 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 2.08 and a beta of 1.19.

Salesforce (NYSE:CRM) last announced 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 for 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 company’s revenue was up 9.8% on a year-over-year basis. 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, research analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be given a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is 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.