REAP Financial Group LLC Buys 118 Shares of Salesforce Inc. $CRM

REAP Financial Group LLC increased its stake in shares of Salesforce Inc. (NYSE:CRM) by 60.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 314 shares of the CRM provider’s stock after acquiring an additional 118 shares during the period. REAP Financial Group LLC’s holdings in Salesforce were worth $86,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Salesforce by 1.6% in the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after buying an additional 1,383,942 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Salesforce by 6.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock valued at $2,484,616,000 after buying an additional 600,386 shares during the period. Goldman Sachs Group Inc. raised its stake in Salesforce by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock valued at $2,419,037,000 after buying an additional 437,435 shares during the period. Nuveen LLC bought a new stake in Salesforce in the first quarter valued at approximately $2,039,196,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Salesforce by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider’s stock valued at $1,707,316,000 after buying an additional 295,681 shares during the period. Institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $241.32, for a total value of $542,970.00. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,874,500,313.72. This trade represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 78,750 shares of company stock valued at $19,679,535. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Royal Bank Of Canada dropped their price objective on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 4th. Sanford C. Bernstein lowered their target price on 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 upgraded Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 target price on the stock in a research note on Friday, August 15th. BMO Capital Markets lowered their target price on Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Finally, Bank of America lowered their target price on Salesforce from $350.00 to $325.00 and set a “buy” rating on the stock in a research note on Tuesday, August 26th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $332.58.

Salesforce Trading Up 0.2%

Shares of NYSE:CRM opened at $240.23 on Thursday. The business’s 50 day simple moving average is $245.13 and its 200 day simple moving average is $259.53. The company has a market capitalization of $228.70 billion, a P/E ratio of 34.92, a P/E/G ratio of 2.07 and a beta of 1.19. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. 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 (NYSE:CRM) last issued its earnings results 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 firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $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. On average, research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

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.