Salesforce Inc. $CRM Stock Holdings Boosted by MIG Capital LLC

MIG Capital LLC increased its position in Salesforce Inc. (NYSE:CRM) by 7.7% during the second quarter, Holdings Channel reports. The fund owned 116,487 shares of the CRM provider’s stock after purchasing an additional 8,287 shares during the quarter. Salesforce comprises approximately 3.3% of MIG Capital LLC’s investment portfolio, making the stock its 14th largest position. MIG Capital LLC’s holdings in Salesforce were worth $31,765,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Painted Porch Advisors LLC raised its holdings in shares of Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after buying an additional 65 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its position in Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 85 shares during the period. Christopher J. Hasenberg Inc raised its stake in Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after acquiring an additional 92 shares in the last quarter. Maseco LLP acquired a new position in Salesforce during the 2nd quarter worth $34,000. Finally, Spurstone Advisory Services LLC acquired a new stake in Salesforce in the second quarter worth about $34,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Up 3.1%

Shares of Salesforce stock opened at $233.75 on Wednesday. Salesforce Inc. has a 12-month low of $221.96 and a 12-month high of $369.00. The firm has a market capitalization of $222.53 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The stock’s fifty day moving average is $244.38 and its 200-day moving average is $255.28.

Salesforce (NYSE:CRM) last issued 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 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%.Salesforce’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business 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 anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The company 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. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce’s dividend payout ratio is 24.13%.

Insider Buying and Selling

In other news, Director David Blair Kirk acquired 3,400 shares of the stock in a transaction on Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the transaction, the director owned 3,824 shares in the company, valued at approximately $973,819.84. This trade represents a 801.89% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $245.85, for a total value of $553,162.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $2,928,459,730.35. The trade was a 0.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 56,372 shares of company stock valued at $13,941,863 in the last ninety days. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. JMP Securities reiterated a “market outperform” rating and set a $430.00 price objective on shares of Salesforce in a research note on Friday, October 17th. Northland Securities cut 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Salesforce in a research note on Monday. BMO Capital Markets decreased their target price on Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, September 4th. Finally, Macquarie reaffirmed a “neutral” rating and set a $250.00 target price on shares of Salesforce in a report on Thursday, October 16th. Twenty-five equities research 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 data from MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and an average target price of $323.51.

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.