Lecap Asset Management Ltd. Sells 228 Shares of Salesforce Inc. $CRM

Lecap Asset Management Ltd. decreased its position in Salesforce Inc. (NYSE:CRM) by 4.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,450 shares of the CRM provider’s stock after selling 228 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Salesforce were worth $1,486,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Painted Porch Advisors LLC grew its stake in shares of Salesforce by 260.0% in the second 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 last quarter. Capital A Wealth Management LLC grew its stake in shares of Salesforce by 450.0% in the first 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 last quarter. CBIZ Investment Advisory Services LLC grew its stake in shares of Salesforce by 314.8% in the first 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 last quarter. Abound Financial LLC purchased a new stake in shares of Salesforce in the first quarter worth $31,000. Finally, Christopher J. Hasenberg Inc boosted its position in shares of Salesforce by 383.3% during 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. 80.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CRM. JMP Securities reaffirmed a “market outperform” rating and set a $430.00 price objective on shares of Salesforce in a research report on Tuesday, September 2nd. Wells Fargo & Company dropped their price objective on Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 4th. Sanford C. Bernstein dropped their price objective on Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research report on Thursday, September 4th. UBS Group dropped their target price on Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a research report on Monday, August 18th. Finally, Roth Capital reissued a “buy” rating and issued a $395.00 target price on shares of Salesforce in a research report on Thursday, September 4th. Twenty-six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $332.58.

Salesforce Stock Down 0.5%

NYSE CRM opened at $235.72 on Thursday. The stock’s 50-day moving average price is $247.81 and its 200-day moving average price is $260.87. 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 52 week low of $226.48 and a 52 week high of $369.00. The company has a market capitalization of $224.40 billion, a P/E ratio of 34.26, a price-to-earnings-growth ratio of 2.16 and a beta of 1.19.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the company earned $2.56 earnings per share. The business’s revenue for the quarter 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. On average, equities research analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be paid a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is 24.13%.

Insider Activity at Salesforce

In other news, Director David Blair Kirk purchased 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, for a total transaction of $865,844.00. Following the acquisition, the director directly owned 3,824 shares of the company’s stock, valued at $973,819.84. This represents a 801.89% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $244.53, for a total value of $550,192.50. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $2,912,736,456.63. This represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,750 shares of company stock worth $19,825,358 in the last three months. 3.00% of the stock is owned by corporate insiders.

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.