Lecap Asset Management Ltd. Reduces Stock Position in Salesforce Inc. $CRM

Lecap Asset Management Ltd. cut its position in shares of Salesforce Inc. (NYSE:CRM) by 4.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,450 shares of the CRM provider’s stock after selling 228 shares during the period. Lecap Asset Management Ltd.’s holdings in Salesforce were worth $1,486,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Diversified Trust Co grew its stake in Salesforce by 30.1% during the 2nd quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider’s stock worth $7,577,000 after buying an additional 6,430 shares during the last quarter. Neville Rodie & Shaw Inc. grew its stake in Salesforce by 4.6% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider’s stock worth $16,353,000 after buying an additional 2,644 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs purchased a new position in Salesforce during the 1st quarter worth $9,367,000. Jones Financial Companies Lllp grew its stake in Salesforce by 31.2% during the 1st quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider’s stock worth $93,016,000 after buying an additional 81,916 shares during the last quarter. Finally, Park National Corp OH grew its stake in Salesforce by 10.5% during the 2nd quarter. Park National Corp OH now owns 114,532 shares of the CRM provider’s stock worth $31,232,000 after buying an additional 10,901 shares during the last quarter. 80.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director David Blair Kirk bought 3,400 shares of Salesforce stock in a transaction on Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the acquisition, the director directly owned 3,824 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $265.77, for a total value of $597,982.50. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $3,165,738,224.67. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,750 shares of company stock valued at $19,825,358 in the last three months. Insiders own 3.00% of the company’s stock.

Salesforce Stock Performance

NYSE CRM opened at $235.72 on Thursday. The stock has a market capitalization of $224.40 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 2.16 and a beta of 1.19. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average of $247.81 and a 200 day moving average of $260.87.

Salesforce (NYSE:CRM) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.Salesforce’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Sell-side analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be issued a dividend of $0.416 per share. The ex-dividend date of this dividend 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 is presently 24.13%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CRM. KeyCorp dropped their target price on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. Macquarie restated a “neutral” rating and set a $290.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Stifel Nicolaus dropped their price target on Salesforce from $375.00 to $325.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th. Oppenheimer dropped their price target on Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 26th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $400.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Twenty-six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Salesforce presently has an average rating of “Moderate Buy” and a consensus target price of $332.58.

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.