Salesforce Inc. $CRM Shares Bought by Rathbones Group PLC

Rathbones Group PLC raised its stake in shares of Salesforce Inc. (NYSE:CRM) by 22.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 695,180 shares of the CRM provider’s stock after purchasing an additional 127,687 shares during the quarter. Rathbones Group PLC owned about 0.07% of Salesforce worth $189,569,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CRM. Painted Porch Advisors LLC raised its stake in Salesforce by 260.0% in 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 increased its holdings in shares of Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 90 shares during the period. CBIZ Investment Advisory Services LLC increased its holdings in shares of Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 85 shares during the period. Christopher J. Hasenberg Inc raised its stake in shares of Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after purchasing an additional 92 shares during the last quarter. Finally, Maseco LLP acquired a new stake in shares of Salesforce during the second quarter worth about $34,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CRM shares. Robert W. Baird cut their price target on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. JMP Securities reaffirmed a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a report on Friday, October 17th. Wall Street Zen cut shares of Salesforce from a “buy” rating to a “hold” rating in a report on Saturday. Sanford C. Bernstein decreased their target price on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research report on Thursday, September 4th. Finally, BMO Capital Markets cut their price target on Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Twenty-five 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $325.23.

Salesforce Price Performance

NYSE:CRM opened at $239.92 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 52 week low of $226.48 and a 52 week high of $369.00. The stock’s 50-day moving average price is $247.41 and its 200-day moving average price is $258.26. The stock has a market capitalization of $228.40 billion, a PE ratio of 34.87, a price-to-earnings-growth 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 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. As a group, equities analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal 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 paid a $0.416 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is currently 24.13%.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 122 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $259.00, for a total transaction of $31,598.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,085,096,889. This represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 74,372 shares of company stock valued at $18,317,866. 3.00% of the stock is currently owned by company insiders.

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.