Thompson Davis & CO. Inc. Takes Position in Salesforce Inc. $CRM

Thompson Davis & CO. Inc. purchased a new position in Salesforce Inc. (NYSE:CRM) in the second quarter, HoldingsChannel.com reports. The fund purchased 991 shares of the CRM provider’s stock, valued at approximately $270,000.

Several other institutional investors and hedge funds have also made changes to their positions in CRM. Vanguard Group Inc. raised its stake in Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after purchasing an additional 1,383,942 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Salesforce by 0.6% during the second quarter. Geode Capital Management LLC now owns 20,873,900 shares of the CRM provider’s stock worth $5,669,224,000 after buying an additional 114,504 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Salesforce by 6.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock worth $2,484,616,000 after buying an additional 600,386 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Salesforce by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock valued at $2,419,037,000 after buying an additional 437,435 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Salesforce during the first quarter valued at approximately $2,039,196,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce Stock Down 2.4%

CRM opened at $240.13 on Friday. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The firm has a 50 day moving average price of $246.64 and a 200 day moving average price of $257.78. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market cap of $228.60 billion, a PE ratio of 34.90, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the previous year, the company posted $2.56 earnings per share. Salesforce’s 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 expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 122 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $259.00, for a total value of $31,598.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $3,085,096,889. This trade represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders sold 67,622 shares of company stock valued at $16,714,561. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on CRM. Wedbush reaffirmed an “outperform” rating and issued a $375.00 target price on shares of Salesforce in a research note on Thursday, October 16th. Northland Securities cut Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price objective on the stock. in a report on Tuesday, October 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $315.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. Stifel Nicolaus reduced their target price on Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, October 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Salesforce currently has an average rating of “Moderate Buy” and an average target price of $325.23.

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.