52,719 Shares in Salesforce Inc. $CRM Purchased by Compass Capital Management Inc.

Compass Capital Management Inc. purchased a new stake in shares of Salesforce Inc. (NYSE:CRM) in the second quarter, Holdings Channel.com reports. The firm purchased 52,719 shares of the CRM provider’s stock, valued at approximately $14,376,000.

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

Insiders Place Their Bets

In other Salesforce news, Director David Blair Kirk bought 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired 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 $973,819.84. This represents a 801.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $251.12, for a total value of $565,020.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $2,991,233,709.52. This represents a 0.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 72,122 shares of company stock valued at $17,785,853 over the last 90 days. Company insiders own 3.00% of the company’s stock.

Salesforce Trading Up 0.3%

Shares of CRM stock opened at $239.92 on Monday. The stock has a market capitalization of $228.40 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 2.11 and a beta of 1.19. The company’s fifty day simple moving average is $247.41 and its two-hundred day simple moving average is $258.32. 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 announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the previous year, the business earned $2.56 earnings per share. The firm’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. As a group, analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CRM shares. Wall Street Zen downgraded shares of Salesforce from a “buy” rating to a “hold” rating in a research report on Saturday. JMP Securities reaffirmed a “market outperform” rating and issued a $430.00 target price on shares of Salesforce in a report on Friday, October 17th. Bank of America decreased their price target on Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a research report on Tuesday, August 26th. Royal Bank Of Canada cut their price objective on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 4th. Finally, Robert W. Baird reduced their price objective on Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a research note on Thursday, September 4th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.23.

Salesforce 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.