Oarsman Capital Inc. Buys 169 Shares of Salesforce Inc. $CRM

Oarsman Capital Inc. boosted its stake in shares of Salesforce Inc. (NYSE:CRM) by 16.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,192 shares of the CRM provider’s stock after buying an additional 169 shares during the quarter. Oarsman Capital Inc.’s holdings in Salesforce were worth $325,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its holdings in shares of Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after purchasing an additional 3,102 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after purchasing an additional 205 shares in the last quarter. Bison Wealth LLC raised its holdings in shares of Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after purchasing an additional 184 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Salesforce by 23.7% in the 1st quarter. Golden State Wealth Management LLC now owns 1,931 shares of the CRM provider’s stock valued at $518,000 after purchasing an additional 370 shares in the last quarter. Finally, Mather Group LLC. raised its holdings in shares of Salesforce by 198.7% in the 1st quarter. Mather Group LLC. now owns 10,235 shares of the CRM provider’s stock valued at $2,747,000 after purchasing an additional 6,809 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Stock Down 1.1%

NYSE:CRM opened at $251.42 on Thursday. The company has a market cap of $239.35 billion, a PE ratio of 36.54, a P/E/G ratio of 2.13 and a beta of 1.19. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average is $247.04 and its two-hundred day moving average is $258.02.

Salesforce (NYSE:CRM) last released 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 for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $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. Analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were given 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 was Wednesday, September 17th. Salesforce’s payout ratio is currently 24.13%.

Insiders Place Their Bets

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $256.13, for a total transaction of $576,292.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,050,910,680.23. The trade was a 0.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 78,750 shares of company stock worth $19,372,703. 3.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Roth Capital restated a “buy” rating and issued a $395.00 price target on shares of Salesforce in a report on Thursday, September 4th. Wedbush reaffirmed an “outperform” rating and issued a $375.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. Wells Fargo & Company cut their price objective on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 4th. JPMorgan Chase & Co. cut their price objective on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $325.23.

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.