Auxano Advisors LLC Boosts Holdings in Salesforce Inc. $CRM

Auxano Advisors LLC lifted its stake in shares of Salesforce Inc. (NYSE:CRM) by 125.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,853 shares of the CRM provider’s stock after purchasing an additional 1,030 shares during the period. Auxano Advisors LLC’s holdings in Salesforce were worth $505,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CRM. Coign Capital Advisors LLC raised its holdings 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 stake in Salesforce by 1.1% in 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 lifted its holdings in Salesforce by 4.1% in 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 in the last quarter. Mendel Money Management boosted its stake in Salesforce by 3.6% during the 1st quarter. Mendel Money Management now owns 1,112 shares of the CRM provider’s stock worth $298,000 after purchasing an additional 39 shares during the last quarter. Finally, Scott & Selber Inc. boosted its stake in Salesforce by 0.7% during the 2nd quarter. Scott & Selber Inc. now owns 5,850 shares of the CRM provider’s stock worth $1,595,000 after purchasing an additional 39 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Stock Down 2.5%

Shares of NYSE:CRM opened at $227.59 on Thursday. The company has a market capitalization of $216.67 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a 12-month low of $225.06 and a 12-month high of $369.00. The business has a 50-day moving average price of $245.53 and a 200 day moving average price of $256.75. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. The company had revenue of $10.24 billion during 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%. Salesforce’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.56 earnings per share. 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 expect that Salesforce Inc. will post 7.46 EPS 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 paid 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 was Wednesday, September 17th. Salesforce’s dividend payout ratio is 24.13%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CRM shares. Roth Capital reissued a “buy” rating and issued a $395.00 price target on shares of Salesforce in a research note on Thursday, September 4th. KeyCorp decreased their target price on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. Bank of America decreased their target price on shares of Salesforce from $325.00 to $305.00 and set a “buy” rating on the stock in a research note on Monday. Piper Sandler restated an “overweight” rating and issued a $315.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Finally, Royal Bank Of Canada reduced 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. 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.51.

Insider Buying and Selling at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $242.39, for a total value of $545,377.50. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,887,245,694.69. The trade was a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David Blair Kirk purchased 3,400 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 63,122 shares of company stock valued at $15,615,413. Company insiders own 3.00% of the company’s stock.

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.