Salesforce Inc. $CRM Shares Purchased by Strs Ohio

Strs Ohio grew its holdings in shares of Salesforce Inc. (NYSE:CRM) by 6.8% during the second quarter, HoldingsChannel reports. The firm owned 399,803 shares of the CRM provider’s stock after purchasing an additional 25,410 shares during the quarter. Strs Ohio’s holdings in Salesforce were worth $109,022,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Painted Porch Advisors LLC raised its position in shares of Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after buying an additional 65 shares during the period. Capital A Wealth Management LLC raised its position in shares of Salesforce by 450.0% in the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after buying an additional 90 shares during the period. CBIZ Investment Advisory Services LLC raised its position in shares of 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 buying an additional 85 shares during the period. Abound Financial LLC purchased a new position in shares of Salesforce in the 1st quarter worth $31,000. Finally, Christopher J. Hasenberg Inc raised its position in shares of Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after buying an additional 92 shares during the period. 80.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Salesforce

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

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Barclays cut their target price on Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a research report on Monday, August 18th. JMP Securities reissued a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a research report on Friday, October 17th. Stifel Nicolaus cut their price objective on Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, October 9th. Cantor Fitzgerald reissued an “overweight” rating and issued a $325.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. Finally, KeyCorp cut their price objective on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Twenty-five 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $325.23.

Salesforce Stock Down 1.1%

NYSE:CRM opened at $251.42 on Thursday. The company has a market capitalization of $239.35 billion, a price-to-earnings ratio of 36.54, a price-to-earnings-growth ratio of 2.13 and a beta of 1.19. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The stock has a 50-day simple moving average of $247.04 and a 200 day simple moving average of $258.02. 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 issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm posted $2.56 earnings per share. Salesforce’s quarterly revenue 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. Sell-side analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

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