Connors Investor Services Inc. Buys 11,523 Shares of Salesforce Inc. $CRM

Connors Investor Services Inc. raised its stake in shares of Salesforce Inc. (NYSE:CRM) by 25.9% in the 2nd quarter, Holdings Channel reports. The firm owned 55,957 shares of the CRM provider’s stock after purchasing an additional 11,523 shares during the quarter. Connors Investor Services Inc.’s holdings in Salesforce were worth $15,259,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Painted Porch Advisors LLC grew its holdings in Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 65 shares during the period. Capital A Wealth Management LLC grew its holdings in Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 90 shares during the period. CBIZ Investment Advisory Services LLC grew its holdings in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 85 shares during the period. Abound Financial LLC acquired a new stake in Salesforce during the 1st quarter worth about $31,000. Finally, Christopher J. Hasenberg Inc grew its holdings in Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after acquiring an additional 92 shares during the period. 80.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $242.44, for a total value of $545,490.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,887,841,273.24. The trade was a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the purchase, the director directly owned 3,824 shares in the company, valued at $973,819.84. This represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 78,750 shares of company stock valued at $19,448,213 over the last quarter. 3.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Northland Securities downgraded Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price target for the company. in a report on Tuesday, October 14th. Royal Bank Of Canada decreased their price target on Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a report on Thursday, September 4th. UBS Group decreased their price target on Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a report on Monday, August 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Salesforce in a research report on Tuesday, October 14th. Finally, Sanford C. Bernstein cut their price objective on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research report on Thursday, September 4th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $325.23.

Salesforce Trading Down 2.5%

Shares of CRM stock opened at $256.78 on Thursday. The company has a 50 day moving average of $245.85 and a 200-day moving average of $257.92. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The firm has a market cap of $244.45 billion, a P/E ratio of 37.32, a PEG ratio of 2.17 and a beta of 1.19.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the business posted $2.56 EPS. Salesforce’s quarterly revenue was up 9.8% compared to the same quarter last year. 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 anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were paid a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Wednesday, September 17th. Salesforce’s 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.