Jacobs & Co. CA Purchases Shares of 32,934 Salesforce Inc. $CRM

Jacobs & Co. CA purchased a new stake in Salesforce Inc. (NYSE:CRM) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 32,934 shares of the CRM provider’s stock, valued at approximately $8,980,000.

Several other large investors also recently made changes to their positions in CRM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Salesforce by 6.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock valued at $2,484,616,000 after buying an additional 600,386 shares in the last quarter. AIA Group Ltd grew its stake in shares of Salesforce by 8.0% in the first quarter. AIA Group Ltd now owns 32,885 shares of the CRM provider’s stock valued at $8,825,000 after buying an additional 2,436 shares in the last quarter. Notis McConarty Edward grew its stake in shares of Salesforce by 71.6% in the first quarter. Notis McConarty Edward now owns 3,844 shares of the CRM provider’s stock valued at $1,032,000 after buying an additional 1,604 shares in the last quarter. Aberdeen Group plc grew its stake in shares of Salesforce by 1.5% in the first quarter. Aberdeen Group plc now owns 1,036,482 shares of the CRM provider’s stock valued at $274,802,000 after buying an additional 15,782 shares in the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. grew its stake in shares of Salesforce by 43.0% in the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 104,834 shares of the CRM provider’s stock valued at $28,133,000 after buying an additional 31,537 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insiders Place Their Bets

In related news, Director David Blair Kirk acquired 3,400 shares of the stock in a transaction on Tuesday, September 9th. The shares were purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the purchase, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total value of $578,295.00. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,061,511,978.42. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,577 shares of company stock worth $18,005,778. Corporate insiders own 3.00% of the company’s stock.

Salesforce Price Performance

Shares of NYSE CRM opened at $242.68 on Friday. The firm has a market cap of $231.03 billion, a P/E ratio of 35.27, a price-to-earnings-growth ratio of 2.24 and a beta of 1.22. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The business’s 50 day moving average is $253.21 and its 200-day moving average is $264.79.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last 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. Equities research analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be paid a dividend of $0.416 per share. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is 24.13%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CRM shares. Bank of America dropped their price objective on Salesforce from $350.00 to $325.00 and set a “buy” rating on the stock in a research note on Tuesday, August 26th. Morgan Stanley upped their price objective on Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Needham & Company LLC restated a “buy” rating and issued a $400.00 price objective on shares of Salesforce in a research note on Thursday, September 4th. KeyCorp dropped their price objective on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. Finally, Sanford C. Bernstein dropped their price objective on Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $332.58.

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.