Salesforce Inc. $CRM Shares Acquired by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd increased its stake in Salesforce Inc. (NYSE:CRM) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 152,759 shares of the CRM provider’s stock after purchasing an additional 5,698 shares during the quarter. Salesforce comprises about 1.1% of OVERSEA CHINESE BANKING Corp Ltd’s portfolio, making the stock its 17th biggest holding. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Salesforce were worth $41,611,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Solstein Capital LLC lifted its holdings in Salesforce by 5.1% in the second quarter. Solstein Capital LLC now owns 2,615 shares of the CRM provider’s stock worth $713,000 after purchasing an additional 128 shares during the period. Chilton Capital Management LLC raised its position in Salesforce by 0.4% in the second quarter. Chilton Capital Management LLC now owns 107,898 shares of the CRM provider’s stock worth $29,423,000 after acquiring an additional 442 shares in the last quarter. Resonant Capital Advisors LLC raised its position in Salesforce by 11.4% in the second quarter. Resonant Capital Advisors LLC now owns 9,498 shares of the CRM provider’s stock worth $2,594,000 after acquiring an additional 970 shares in the last quarter. Hixon Zuercher LLC raised its position in Salesforce by 0.5% in the second quarter. Hixon Zuercher LLC now owns 14,369 shares of the CRM provider’s stock worth $3,918,000 after acquiring an additional 78 shares in the last quarter. Finally, New Hampshire Trust raised its position in Salesforce by 0.9% in the second quarter. New Hampshire Trust now owns 12,094 shares of the CRM provider’s stock worth $3,298,000 after acquiring an additional 112 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CRM. KeyCorp dropped their price target on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Wall Street Zen upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Bank of America dropped their price target on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating on the stock in a research report on Tuesday, August 26th. Morgan Stanley boosted their price objective on Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Finally, Wells Fargo & Company cut their price objective on Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $325.23.

Insider Activity

In related news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $247.67, for a total value of $557,257.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,950,138,789.57. The trade was a 0.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David Blair Kirk purchased 3,400 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average cost 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. In the last ninety days, insiders have sold 76,500 shares of company stock worth $18,819,383. Company insiders own 3.00% of the company’s stock.

Salesforce Trading Down 0.0%

NYSE:CRM opened at $254.93 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The stock’s 50-day moving average is $246.53 and its two-hundred day moving average is $258.12. The stock has a market cap of $242.69 billion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 2.14 and a beta of 1.19.

Salesforce (NYSE:CRM) last released its 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 company had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the business posted $2.56 EPS. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, equities research analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently announced 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 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s payout ratio is 24.13%.

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.