Prudent Man Advisors LLC Has $1.32 Million Stake in Salesforce Inc. $CRM

Prudent Man Advisors LLC raised its position in Salesforce Inc. (NYSE:CRM) by 32.6% during the second quarter, Holdings Channel reports. The firm owned 4,846 shares of the CRM provider’s stock after purchasing an additional 1,192 shares during the period. Prudent Man Advisors LLC’s holdings in Salesforce were worth $1,321,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Coign Capital Advisors LLC lifted its position 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 valued at $586,000 after acquiring an additional 37 shares during the period. Staley Capital Advisers Inc. lifted its position 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 valued at $897,000 after acquiring an additional 38 shares during the period. KDT Advisors LLC lifted its position in shares of Salesforce by 4.1% during the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock valued at $260,000 after acquiring an additional 38 shares during the period. Liberty One Investment Management LLC lifted its position 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 valued at $849,000 after acquiring an additional 39 shares during the period. Finally, First Command Advisory Services Inc. lifted its position 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 valued at $154,000 after acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $259.01, for a total value of $582,772.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $3,085,216,004.71. This represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 78,750 shares of company stock valued at $19,424,880. Corporate insiders own 3.00% of the company’s stock.

Salesforce Stock Performance

Shares of CRM stock opened at $254.93 on Friday. The firm has a market capitalization of $242.69 billion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 2.14 and a beta of 1.19. The firm has a fifty day simple moving average of $246.53 and a two-hundred day simple moving average of $258.17. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the business posted $2.56 EPS. The business’s revenue was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Oppenheimer dropped their target price on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 26th. Needham & Company LLC reissued a “buy” rating and issued a $400.00 price objective on shares of Salesforce in a research note on Thursday, October 16th. Stifel Nicolaus reduced their price objective on Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, October 9th. DA Davidson reissued a “neutral” rating and issued a $225.00 price objective on shares of Salesforce in a research note on Thursday, October 16th. Finally, Citigroup boosted their price target on shares of Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a research note on Tuesday, September 9th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and an average price target of $325.23.

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.