Salesforce Inc. $CRM Shares Purchased by Leelyn Smith LLC

Leelyn Smith LLC lifted its position in shares of Salesforce Inc. (NYSE:CRM) by 8.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 7,868 shares of the CRM provider’s stock after purchasing an additional 622 shares during the quarter. Leelyn Smith LLC’s holdings in Salesforce were worth $2,145,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after acquiring an additional 1,383,942 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Salesforce by 6.9% in the 1st 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 purchasing an additional 600,386 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Salesforce by 5.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock valued at $2,419,037,000 after purchasing an additional 437,435 shares in the last quarter. Nuveen LLC acquired a new position in shares of Salesforce in the 1st quarter valued at approximately $2,039,196,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Salesforce by 4.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider’s stock valued at $1,707,316,000 after purchasing an additional 295,681 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Activity

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $246.07, for a total transaction of $553,657.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,931,080,275.97. The trade was a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Blair Kirk bought 3,400 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was acquired 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 disclosure for this purchase can be found here. Over the last three months, insiders sold 78,750 shares of company stock valued at $19,424,880. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CRM shares. Macquarie reaffirmed a “neutral” rating and issued a $250.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Wedbush reissued an “outperform” rating and set a $375.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Piper Sandler reissued an “overweight” rating and set a $315.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Salesforce in a research report on Tuesday, October 14th. Finally, Northland Securities lowered Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price target on the stock. in a research 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 given a Sell rating to the stock. According to data from MarketBeat.com, Salesforce presently has an average rating of “Moderate Buy” and an average price target of $325.23.

Salesforce Trading Down 0.0%

CRM stock opened at $254.93 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The business has a fifty day moving average of $246.53 and a 200-day moving average of $258.07. The company has a market cap of $242.69 billion, a P/E ratio of 37.05, a PEG ratio of 2.14 and a beta of 1.19.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The firm 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%.The company’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm 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. As a group, equities research analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were given a $0.416 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s dividend payout ratio (DPR) 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.