1,627 Shares in Salesforce Inc. $CRM Purchased by Benin Management CORP

Benin Management CORP acquired a new position in shares of Salesforce Inc. (NYSE:CRM) during the second quarter, HoldingsChannel reports. The fund acquired 1,627 shares of the CRM provider’s stock, valued at approximately $444,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Exencial Wealth Advisors LLC boosted its holdings in Salesforce by 4.0% during the second quarter. Exencial Wealth Advisors LLC now owns 47,804 shares of the CRM provider’s stock worth $13,036,000 after buying an additional 1,850 shares in the last quarter. Cookson Peirce & Co. Inc. purchased a new stake in Salesforce during the second quarter worth about $245,000. Brookstone Capital Management boosted its holdings in Salesforce by 9.2% during the second quarter. Brookstone Capital Management now owns 49,926 shares of the CRM provider’s stock worth $13,614,000 after buying an additional 4,195 shares in the last quarter. Jacobsen Capital Management boosted its holdings in Salesforce by 3.5% during the second quarter. Jacobsen Capital Management now owns 1,757 shares of the CRM provider’s stock worth $479,000 after buying an additional 59 shares in the last quarter. Finally, Chokshi & Queen Wealth Advisors Inc purchased a new stake in Salesforce during the second quarter worth about $273,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $252.28, for a total transaction of $567,630.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,005,051,131.88. The trade was 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 through this hyperlink. Insiders have sold 78,750 shares of company stock worth $19,448,213 in the last ninety days. 3.00% of the stock is owned by insiders.

Salesforce Price Performance

Salesforce stock opened at $263.51 on Wednesday. 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 $245.46 and a 200 day moving average price of $257.92. The company has a market cap of $250.86 billion, a price-to-earnings ratio of 38.30, a PEG ratio of 2.13 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 released 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. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm 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 earned $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 predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The firm also recently disclosed 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. This represents a $1.66 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, September 17th. Salesforce’s payout ratio is currently 24.13%.

Wall Street Analyst Weigh In

CRM has been the subject of a number of research reports. Canaccord Genuity Group cut their target price 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. Northland Capmk cut shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 14th. Wedbush restated an “outperform” rating and set a $375.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Morgan Stanley lifted their target price on shares of Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Finally, Wall Street Zen upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.