J. L. Bainbridge & Co. Inc. Has $18.12 Million Stock Position in Salesforce Inc. $CRM

J. L. Bainbridge & Co. Inc. lifted its holdings in Salesforce Inc. (NYSE:CRM) by 0.9% in the 2nd quarter, Holdings Channel reports. The firm owned 66,461 shares of the CRM provider’s stock after buying an additional 588 shares during the quarter. Salesforce accounts for 1.6% of J. L. Bainbridge & Co. Inc.’s portfolio, making the stock its 22nd biggest holding. J. L. Bainbridge & Co. Inc.’s holdings in Salesforce were worth $18,123,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CRM. Painted Porch Advisors LLC boosted its stake in shares of 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 in the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 85 shares during the last quarter. Christopher J. Hasenberg Inc boosted its position in Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after purchasing an additional 92 shares during the period. Maseco LLP acquired a new position in Salesforce during the second quarter valued at approximately $34,000. Finally, Quaker Wealth Management LLC raised its position in shares of Salesforce by 208.6% in the second quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock valued at $34,000 after purchasing an additional 242 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Up 0.6%

NYSE CRM opened at $226.75 on Friday. Salesforce Inc. has a twelve month low of $221.96 and a twelve month high of $369.00. The stock has a market cap of $215.87 billion, a PE ratio of 32.96, a PEG ratio of 2.11 and a beta of 1.19. The firm has a 50-day simple moving average of $244.80 and a 200 day simple moving average of $256.10. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS 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 firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the firm posted $2.56 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. 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 announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were given 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 24.13%.

Insiders Place Their Bets

In other Salesforce news, CEO Marc Benioff sold 122 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $259.00, for a total value of $31,598.00. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $3,085,096,889. The trade was a 0.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 60,872 shares of company stock worth $15,058,156 in the last 90 days. 3.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CRM has been the topic of a number of research analyst reports. Royal Bank Of Canada lowered their target price on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 4th. Macquarie restated a “neutral” rating and set a $250.00 price target on shares of Salesforce in a report on Thursday, October 16th. Wall Street Zen lowered Salesforce from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. JMP Securities reissued a “market outperform” rating and set a $430.00 price objective on shares of Salesforce in a research report on Friday, October 17th. Finally, Oppenheimer lowered their target price on Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, August 26th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $323.51.

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.