Oppenheimer Asset Management Inc. Has $21.05 Million Stock Holdings in Salesforce Inc. $CRM

Oppenheimer Asset Management Inc. lowered its position in shares of Salesforce Inc. (NYSE:CRM) by 37.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,195 shares of the CRM provider’s stock after selling 46,294 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Salesforce were worth $21,050,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Painted Porch Advisors LLC boosted its position in Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 65 shares during the last quarter. Capital A Wealth Management LLC raised its stake in shares of Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its stake in shares of Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 85 shares in the last quarter. Abound Financial LLC bought a new stake in shares of Salesforce during the 1st quarter worth approximately $31,000. Finally, Christopher J. Hasenberg Inc raised its stake in shares of Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Down 0.0%

CRM stock opened at $254.93 on Friday. 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 stock has a market capitalization of $242.69 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 2.14 and a beta of 1.19. The business’s fifty day moving average price is $246.53 and its two-hundred day moving average price is $258.17. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. The firm had revenue of $10.24 billion for 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 quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business earned $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, equities analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were given a $0.416 dividend. The ex-dividend date was 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 presently 24.13%.

Insiders Place Their Bets

In related news, Director David Blair Kirk purchased 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $246.07, for a total value of $553,657.50. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $2,931,080,275.97. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,750 shares of company stock worth $19,424,880 in the last 90 days. 3.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CRM. Roth Capital reiterated a “buy” rating and set a $395.00 price objective on shares of Salesforce in a research note on Thursday, September 4th. DA Davidson restated a “neutral” rating and issued a $225.00 price target on shares of Salesforce in a research note on Thursday, October 16th. JPMorgan Chase & Co. dropped their price target on Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. Sanford C. Bernstein dropped their price target on Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research note on Thursday, September 4th. Finally, 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. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.23.

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.