Magnetar Financial LLC Raises Holdings in Salesforce Inc. $CRM

Magnetar Financial LLC raised its position in shares of Salesforce Inc. (NYSE:CRM) by 5.8% in the second quarter, Holdings Channel.com reports. The fund owned 32,080 shares of the CRM provider’s stock after buying an additional 1,770 shares during the quarter. Magnetar Financial LLC’s holdings in Salesforce were worth $8,748,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Coign Capital Advisors LLC increased its position in Salesforce by 1.7% during the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock worth $586,000 after purchasing an additional 37 shares in the last quarter. Staley Capital Advisers Inc. lifted its position in Salesforce by 1.1% during the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock valued at $897,000 after buying an additional 38 shares in the last quarter. KDT Advisors LLC grew its stake in Salesforce by 4.1% during the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock worth $260,000 after buying an additional 38 shares during the period. Mendel Money Management increased its position in shares of Salesforce by 3.6% in the first quarter. Mendel Money Management now owns 1,112 shares of the CRM provider’s stock worth $298,000 after acquiring an additional 39 shares in the last quarter. Finally, Scott & Selber Inc. raised its stake in shares of Salesforce by 0.7% in the 2nd quarter. Scott & Selber Inc. now owns 5,850 shares of the CRM provider’s stock valued at $1,595,000 after acquiring an additional 39 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Marc Benioff sold 122 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $259.00, for a total transaction of $31,598.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,085,096,889. This trade represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 60,872 shares of company stock valued at $15,058,156. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CRM shares. Stifel Nicolaus decreased their price target on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Salesforce in a research report on Wednesday, November 12th. JMP Securities reiterated a “market outperform” rating and issued a $430.00 target price on shares of Salesforce in a research note on Friday, October 17th. KeyCorp reduced their price target on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Finally, Bank of America decreased their price target on Salesforce from $325.00 to $305.00 and set a “buy” rating for the company in a report on Monday. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.51.

Salesforce Stock Performance

Shares of CRM opened at $225.53 on Friday. The firm has a market cap of $214.70 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 2.11 and a beta of 1.19. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $245.12 and its two-hundred day moving average is $256.54. Salesforce Inc. has a 52-week low of $223.30 and a 52-week high of $369.00.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The business 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%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. Analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

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.