Plancorp LLC Acquires 353 Shares of Salesforce Inc. $CRM

Plancorp LLC raised its position in Salesforce Inc. (NYSE:CRM) by 6.4% in the 2nd quarter, Holdings Channel reports. The firm owned 5,889 shares of the CRM provider’s stock after buying an additional 353 shares during the quarter. Plancorp LLC’s holdings in Salesforce were worth $1,606,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CRM. Coign Capital Advisors LLC raised its position in Salesforce by 1.7% in 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 during the period. Staley Capital Advisers Inc. boosted its stake in shares of Salesforce by 1.1% during the 1st quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock valued at $897,000 after purchasing an additional 38 shares in the last quarter. KDT Advisors LLC boosted its stake in shares of Salesforce by 4.1% during the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock valued at $260,000 after purchasing an additional 38 shares in the last quarter. Liberty One Investment Management LLC boosted its stake in Salesforce by 1.2% during the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock worth $849,000 after acquiring an additional 39 shares in the last quarter. Finally, First Command Advisory Services Inc. lifted its stake in shares of Salesforce by 7.3% in the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock worth $154,000 after buying an additional 39 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Salesforce Stock Up 0.5%

Shares of CRM opened at $245.85 on Thursday. 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 company has a market capitalization of $234.05 billion, a price-to-earnings ratio of 35.73, a PEG ratio of 2.23 and a beta of 1.22. The stock’s 50-day moving average price is $250.07 and its 200-day moving average price is $262.14. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00.

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 the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the business earned $2.56 EPS. Salesforce’s revenue for the quarter 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. On average, sell-side analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be given a dividend of $0.416 per share. The ex-dividend date of this dividend is 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%.

Insider Activity

In related news, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director owned 3,824 shares in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $269.38, for a total transaction of $606,105.00. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $3,208,738,995.98. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,500 shares of company stock worth $19,402,583. Corporate insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

CRM has been the subject of several research reports. Morgan Stanley boosted their price objective on shares of Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Macquarie restated a “neutral” rating and set a $290.00 target price on shares of Salesforce in a research report on Thursday, September 4th. Piper Sandler lowered their price objective on shares of Salesforce from $335.00 to $315.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. Sanford C. Bernstein reduced their target price on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research note on Thursday, September 4th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $325.00 price target on shares of Salesforce in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $332.58.

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.