950 Shares in Salesforce Inc. $CRM Purchased by Opinicus Capital Inc.

Opinicus Capital Inc. purchased a new position in Salesforce Inc. (NYSE:CRM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 950 shares of the CRM provider’s stock, valued at approximately $259,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRM. Brighton Jones LLC increased its holdings in shares of Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after purchasing an additional 3,102 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after buying an additional 205 shares in the last quarter. Bison Wealth LLC raised its position in Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after buying an additional 184 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in Salesforce by 3.9% during the 1st quarter. Verdence Capital Advisors LLC now owns 2,218 shares of the CRM provider’s stock valued at $595,000 after acquiring an additional 83 shares during the period. Finally, Forte Capital LLC ADV boosted its holdings in shares of Salesforce by 12.0% during the 1st quarter. Forte Capital LLC ADV now owns 921 shares of the CRM provider’s stock valued at $247,000 after acquiring an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Transactions at Salesforce

In other news, CEO Marc Benioff sold 122 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $259.00, for a total value of $31,598.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,085,096,889. The trade was a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 67,622 shares of company stock worth $16,714,561. Company insiders own 3.00% of the company’s stock.

Salesforce Stock Performance

CRM opened at $243.86 on Friday. The firm has a market cap of $232.16 billion, a P/E ratio of 35.45, a PEG ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The company has a 50 day simple moving average of $246.51 and a two-hundred day simple moving average of $257.63. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12.

Salesforce (NYSE:CRM) last issued its earnings results 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 company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. 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. Equities analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were paid a $0.416 dividend. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce’s dividend payout ratio is presently 24.13%.

Analyst Upgrades and Downgrades

CRM has been the topic of a number of research analyst reports. JMP Securities restated a “market outperform” rating and set a $430.00 price objective on shares of Salesforce in a research report on Friday, October 17th. Wall Street Zen cut Salesforce from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Salesforce in a report on Wednesday. Sanford C. Bernstein reduced their price objective on Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research report on Thursday, September 4th. Finally, Citigroup raised their target price on Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $325.23.

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.