Rossby Financial LCC Acquires 957 Shares of Salesforce Inc. $CRM

Rossby Financial LCC raised its position in shares of Salesforce Inc. (NYSE:CRM) by 156.9% in the second quarter, Holdings Channel reports. The fund owned 1,567 shares of the CRM provider’s stock after buying an additional 957 shares during the quarter. Rossby Financial LCC’s holdings in Salesforce were worth $427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Diversified Trust Co boosted its holdings in Salesforce by 30.1% during the second quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider’s stock valued at $7,577,000 after acquiring an additional 6,430 shares during the period. Neville Rodie & Shaw Inc. boosted its holdings in Salesforce by 4.6% during the second quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider’s stock valued at $16,353,000 after acquiring an additional 2,644 shares during the period. AG2R LA Mondiale Gestion D Actifs bought a new stake in Salesforce during the first quarter valued at about $9,367,000. Jones Financial Companies Lllp boosted its holdings in Salesforce by 31.2% during the first quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider’s stock valued at $93,016,000 after acquiring an additional 81,916 shares during the period. Finally, Wesbanco Bank Inc. boosted its holdings in Salesforce by 6.8% during the second quarter. Wesbanco Bank Inc. now owns 110,968 shares of the CRM provider’s stock valued at $30,260,000 after acquiring an additional 7,091 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $255.56, for a total value of $575,010.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $3,044,121,084.76. The trade was a 0.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 78,750 shares of company stock worth $19,394,393 over the last three months. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

CRM has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a report on Thursday, September 4th. Northland Securities lowered shares of Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price objective for the company. in a research report on Tuesday, October 14th. Canaccord Genuity Group cut their price objective on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. Morgan Stanley upped their price objective on shares of Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Finally, Citigroup upped their price objective on shares of Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $325.23.

Salesforce Stock Up 0.3%

Shares of CRM opened at $255.49 on Tuesday. The stock has a market cap of $243.23 billion, a price-to-earnings ratio of 37.14, a P/E/G ratio of 2.14 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. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The company has a 50-day moving average price of $246.75 and a two-hundred day moving average price of $258.05.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company 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. Equities analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were paid a dividend of $0.416 per share. The ex-dividend date was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is currently 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.