Salesforce Inc. $CRM Shares Acquired by FLC Capital Advisors

FLC Capital Advisors boosted its position in shares of Salesforce Inc. (NYSE:CRM) by 54.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,723 shares of the CRM provider’s stock after buying an additional 2,023 shares during the quarter. FLC Capital Advisors’ holdings in Salesforce were worth $1,561,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Coign Capital Advisors LLC lifted its stake in Salesforce by 1.7% during the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock valued at $586,000 after purchasing an additional 37 shares during the last quarter. Staley Capital Advisers Inc. increased its holdings in shares of Salesforce by 1.1% in the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock valued at $897,000 after buying an additional 38 shares in the last quarter. KDT Advisors LLC lifted its position 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 acquiring an additional 38 shares during the last quarter. Liberty One Investment Management LLC lifted its position in shares of Salesforce by 1.2% during the 1st quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock valued at $849,000 after acquiring an additional 39 shares during the last quarter. Finally, First Command Advisory Services Inc. boosted its stake in shares of Salesforce by 7.3% during the 1st quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock worth $154,000 after acquiring an additional 39 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors.

Salesforce Trading Down 1.1%

Shares of NYSE CRM opened at $243.27 on Monday. The business has a 50 day simple moving average of $244.38 and a 200 day simple moving average of $257.79. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. The stock has a market cap of $231.59 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 2.04 and a beta of 1.19. 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 posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating 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 was up 9.8% compared to the same quarter last year. During the same period in the previous 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. On average, research analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were issued a $0.416 dividend. 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 is currently 24.13%.

Insider Buying and Selling at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $241.49, for a total transaction of $543,352.50. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,876,525,280.79. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Blair Kirk purchased 3,400 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, with a total value of $865,844.00. Following the purchase, the director owned 3,824 shares in the company, valued at $973,819.84. This represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 76,500 shares of company stock worth $18,929,903 over the last three months. Company insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CRM. Oppenheimer reduced their target price on Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Tuesday, August 26th. Royal Bank Of Canada cut their price objective on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a report on Thursday, September 4th. Wall Street Zen upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $375.00 price objective on shares of Salesforce in a research note on Thursday. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.