Salesforce Inc. $CRM Shares Purchased by DeDora Capital Inc.

DeDora Capital Inc. raised its position in shares of Salesforce Inc. (NYSE:CRM) by 5.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,532 shares of the CRM provider’s stock after buying an additional 407 shares during the quarter. DeDora Capital Inc.’s holdings in Salesforce were worth $2,327,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Salesforce during the second quarter valued at approximately $46,058,000. Signature Estate & Investment Advisors LLC raised its stake in Salesforce by 6.3% during the second quarter. Signature Estate & Investment Advisors LLC now owns 274,295 shares of the CRM provider’s stock valued at $74,797,000 after buying an additional 16,370 shares in the last quarter. United Bank raised its stake in Salesforce by 5.2% during the second quarter. United Bank now owns 10,198 shares of the CRM provider’s stock valued at $2,781,000 after buying an additional 500 shares in the last quarter. Novare Capital Management LLC raised its stake in Salesforce by 2.7% during the second quarter. Novare Capital Management LLC now owns 34,618 shares of the CRM provider’s stock valued at $9,440,000 after buying an additional 916 shares in the last quarter. Finally, Otter Creek Advisors LLC grew its holdings in shares of Salesforce by 47.8% during the second quarter. Otter Creek Advisors LLC now owns 17,325 shares of the CRM provider’s stock valued at $4,724,000 after purchasing an additional 5,600 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insiders Place Their Bets

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $234.64, for a total transaction of $527,940.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,794,931,019.44. This trade represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Blair Kirk purchased 3,400 shares of the firm’s stock in a transaction on Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of 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. Over the last ninety days, insiders have sold 78,750 shares of company stock valued at $19,521,495. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Robert W. Baird lowered their target price on Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Stifel Nicolaus lowered their target price on Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft lowered their target price on Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, September 4th. BMO Capital Markets lowered their target price on Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Finally, Northland Securities lowered Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 target price for the company. in a report on Tuesday, October 14th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.23.

Salesforce Stock Performance

Shares of CRM stock opened at $243.27 on Friday. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The firm has a market capitalization of $231.59 billion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 2.10 and a beta of 1.19. The business has a 50 day simple moving average of $244.38 and a 200 day simple moving average of $257.77. 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 (NYSE:CRM) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the company posted $2.56 EPS. The business’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, equities research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The company also recently declared 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 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 (DPR) is presently 24.13%.

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.