CGN Advisors LLC Boosts Holdings in Salesforce Inc. $CRM

CGN Advisors LLC raised its holdings in shares of Salesforce Inc. (NYSE:CRM) by 10.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 12,604 shares of the CRM provider’s stock after purchasing an additional 1,169 shares during the period. CGN Advisors LLC’s holdings in Salesforce were worth $3,437,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Coign Capital Advisors LLC boosted its stake in shares of Salesforce by 1.7% during the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock worth $586,000 after purchasing an additional 37 shares during the last quarter. Staley Capital Advisers Inc. boosted its stake in shares of Salesforce by 1.1% during the 1st quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock worth $897,000 after purchasing an additional 38 shares during the last quarter. KDT Advisors LLC boosted its stake in shares of Salesforce by 4.1% during the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock worth $260,000 after purchasing an additional 38 shares during the last quarter. Liberty One Investment Management LLC boosted its stake in shares of Salesforce by 1.2% during the 1st quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock worth $849,000 after purchasing an additional 39 shares during the last quarter. Finally, First Command Advisory Services Inc. boosted its stake in shares of Salesforce by 7.3% during the 1st quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock worth $154,000 after purchasing an additional 39 shares during the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce Trading Up 1.0%

CRM opened at $249.64 on Tuesday. The firm has a market capitalization of $237.66 billion, a P/E ratio of 36.28, a P/E/G ratio of 2.25 and a beta of 1.22. The firm’s 50 day moving average is $250.58 and its 200-day moving average is $262.38. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. 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 (NYSE:CRM) last posted its quarterly earnings data 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 company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $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. Analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be paid a dividend of $0.416 per share. The ex-dividend date is 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 currently 24.13%.

Wall Street Analyst Weigh In

CRM has been the topic of several analyst reports. BMO Capital Markets decreased their price target on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Erste Group Bank cut shares of Salesforce from a “buy” rating to a “hold” rating in a research note on Thursday, June 5th. Macquarie reaffirmed a “neutral” rating and set a $290.00 price target on shares of Salesforce in a research note on Thursday, September 4th. JMP Securities reissued a “market outperform” rating and issued a $430.00 target price on shares of Salesforce in a research report on Tuesday, September 2nd. Finally, Roth Capital reissued a “buy” rating and issued a $395.00 target price on shares of Salesforce in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $332.58.

Insider Buying and Selling

In related news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $245.09, for a total value of $551,452.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,919,406,936.39. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Blair Kirk purchased 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average price of $254.66 per share, with a total value of $865,844.00. Following the purchase, the director owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. The trade was a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 74,250 shares of company stock worth $18,844,155 in the last quarter. Insiders own 3.00% of the company’s stock.

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.