Foundations Investment Advisors LLC Boosts Stock Holdings in Salesforce Inc. $CRM

Foundations Investment Advisors LLC increased its stake in shares of Salesforce Inc. (NYSE:CRM) by 11.1% in the second quarter, HoldingsChannel reports. The firm owned 78,663 shares of the CRM provider’s stock after buying an additional 7,888 shares during the period. Foundations Investment Advisors LLC’s holdings in Salesforce were worth $21,451,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Painted Porch Advisors LLC increased its position in shares of Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 65 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its position in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after buying an additional 85 shares in the last quarter. Christopher J. Hasenberg Inc raised its stake in Salesforce by 383.3% in the second 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 during the last quarter. Maseco LLP purchased a new stake in shares of Salesforce during the second quarter worth about $34,000. Finally, Spurstone Advisory Services LLC purchased a new stake in shares of Salesforce during the second quarter worth about $34,000. 80.43% of the stock is currently owned by institutional investors.

Salesforce Stock Up 1.4%

CRM stock opened at $243.86 on Friday. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The firm’s fifty day moving average is $246.51 and its 200 day moving average is $257.63. The firm has a market cap of $232.16 billion, a PE ratio of 35.45, a P/E/G ratio of 2.11 and a beta of 1.19.

Salesforce (NYSE:CRM) last posted its 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. 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 for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the company 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 forecast 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. Investors of record on Wednesday, September 17th were 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 was Wednesday, September 17th. Salesforce’s payout ratio is presently 24.13%.

Analysts Set New Price Targets

Several brokerages recently commented on CRM. Barclays decreased their price objective on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research report on Monday, August 18th. JMP Securities reiterated a “market outperform” rating and set a $430.00 price objective on shares of Salesforce in a research note on Friday, October 17th. Sanford C. Bernstein cut their target price on Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research report on Thursday, September 4th. DA Davidson reaffirmed a “neutral” rating and set a $225.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Finally, Piper Sandler reissued an “overweight” rating and issued a $315.00 price objective on shares of Salesforce in a report on Thursday, October 16th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and a consensus target price of $325.23.

Insider Activity

In related news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $246.66, for a total transaction of $554,985.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,938,108,102.86. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David Blair Kirk acquired 3,400 shares of the business’s stock in a transaction 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 acquisition, the director owned 3,824 shares in the company, valued at $973,819.84. The trade was a 801.89% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders sold 67,622 shares of company stock worth $16,714,561. Insiders own 3.00% of the company’s stock.

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.