Salesforce Inc. $CRM Shares Purchased by Simon Quick Advisors LLC

by · The Cerbat Gem

Simon Quick Advisors LLC increased its holdings in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 23.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,100 shares of the CRM provider’s stock after purchasing an additional 1,159 shares during the quarter. Simon Quick Advisors LLC’s holdings in Salesforce were worth $1,663,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Diversified Trust Co boosted its stake in shares of Salesforce by 30.1% in the second quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider’s stock valued at $7,577,000 after purchasing an additional 6,430 shares during the period. Neville Rodie & Shaw Inc. boosted its stake in shares of Salesforce by 4.6% in the second quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider’s stock valued at $16,353,000 after purchasing an additional 2,644 shares during the period. AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Salesforce in the first quarter valued at approximately $9,367,000. Jones Financial Companies Lllp boosted its stake in shares of Salesforce by 31.2% in the first quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider’s stock valued at $93,016,000 after purchasing an additional 81,916 shares during the period. Finally, Howard Capital Management Inc. grew its stake in Salesforce by 25.3% during the 2nd quarter. Howard Capital Management Inc. now owns 11,243 shares of the CRM provider’s stock worth $3,070,000 after purchasing an additional 2,272 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Price Performance

CRM stock opened at $256.90 on Friday. The business has a 50 day moving average price of $247.26 and a 200 day moving average price of $258.02. The stock has a market cap of $244.57 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two 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 – Get Free Report) last posted 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 firm 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%.The firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. Equities research analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were paid a dividend of $0.416 per share. The ex-dividend date was Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.6%. Salesforce’s payout ratio is presently 24.13%.

Insiders Place Their Bets

In related news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $252.04, for a total value of $567,090.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $3,002,192,354.84. This represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 78,750 shares of company stock worth $19,372,928 in the last three months. 3.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CRM has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a research note on Thursday, September 4th. Stifel Nicolaus decreased 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. Citigroup lifted their price objective on Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a research note on Tuesday, September 9th. Bank of America decreased their price objective on Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a research note on Tuesday, August 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Salesforce in a research note on Tuesday, October 14th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Salesforce presently has an average rating of “Moderate Buy” and an average target price of $325.23.

View Our Latest Stock Report on Salesforce

Salesforce Profile

(Free Report)

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.

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