Salesforce Inc. $CRM Position Increased by Future Fund LLC

Future Fund LLC lifted its position in Salesforce Inc. (NYSE:CRM) by 22.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 7,988 shares of the CRM provider’s stock after buying an additional 1,477 shares during the quarter. Salesforce makes up about 1.0% of Future Fund LLC’s holdings, making the stock its 20th largest holding. Future Fund LLC’s holdings in Salesforce were worth $2,178,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Coign Capital Advisors LLC raised its stake in Salesforce by 1.7% during the 1st 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 period. Staley Capital Advisers Inc. raised its position in Salesforce by 1.1% during 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 during the period. KDT Advisors LLC lifted its stake in Salesforce by 4.1% in the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock worth $260,000 after acquiring an additional 38 shares in the last quarter. First Command Advisory Services Inc. boosted its position in 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 during the period. Finally, Mendel Money Management grew its stake in Salesforce by 3.6% during the 1st quarter. Mendel Money Management now owns 1,112 shares of the CRM provider’s stock valued at $298,000 after acquiring an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling

In other news, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction dated Tuesday, September 9th. The stock was acquired at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director owned 3,824 shares of the company’s stock, valued at $973,819.84. This represents a 801.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $241.50, for a total transaction of $543,375.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $2,876,644,396.50. The trade was a 0.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 74,372 shares of company stock worth $18,317,866. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CRM shares. Roth Capital reissued a “buy” rating and issued a $395.00 price target on shares of Salesforce in a research report on Thursday, September 4th. Bank of America cut their target price on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a research report on Tuesday, August 26th. Wall Street Zen cut shares of Salesforce from a “buy” rating to a “hold” rating in a report on Saturday. BMO Capital Markets cut their price objective on Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a research 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 given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $325.23.

Salesforce Trading Up 0.3%

Salesforce stock opened at $239.92 on Friday. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The company’s fifty day moving average price is $247.41 and its two-hundred day moving average price is $258.26. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $228.40 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 2.11 and a beta of 1.19.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were issued a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is 24.13%.

Salesforce 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.