Salesforce Inc. $CRM Stock Holdings Trimmed by Okabena Investment Services Inc.

by · The Cerbat Gem

Okabena Investment Services Inc. decreased its holdings in Salesforce Inc. (NYSE:CRM – Free Report) by 16.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 5,073 shares of the CRM provider’s stock after selling 1,032 shares during the quarter. Okabena Investment Services Inc.’s holdings in Salesforce were worth $1,383,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of CRM. Avantax Advisory Services Inc. grew its holdings in shares of Salesforce by 4.0% in the 2nd quarter. Avantax Advisory Services Inc. now owns 87,331 shares of the CRM provider’s stock worth $23,814,000 after acquiring an additional 3,387 shares during the last quarter. Advyzon Investment Management LLC lifted its stake in Salesforce by 57.4% during the second quarter. Advyzon Investment Management LLC now owns 1,884 shares of the CRM provider’s stock valued at $514,000 after buying an additional 687 shares in the last quarter. Atalanta Sosnoff Capital LLC boosted its holdings in shares of Salesforce by 8.5% in the second quarter. Atalanta Sosnoff Capital LLC now owns 206,614 shares of the CRM provider’s stock worth $56,342,000 after buying an additional 16,176 shares during the period. Achmea Investment Management B.V. raised its holdings in shares of Salesforce by 9.2% during the second quarter. Achmea Investment Management B.V. now owns 148,254 shares of the CRM provider’s stock valued at $40,427,000 after acquiring an additional 12,544 shares during the period. Finally, Tableaux LLC purchased a new stake in shares of Salesforce in the 2nd quarter valued at approximately $40,904,000. 80.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director David Blair Kirk bought 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director directly owned 3,824 shares of the company’s stock, valued at $973,819.84. The trade was a 801.89% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $242.91, for a total value of $546,547.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,893,439,711.61. This represents a 0.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 54,122 shares of company stock worth $13,367,438 over the last quarter. 3.00% of the stock is currently owned by company insiders.

Salesforce Trading Up 1.2%

Salesforce stock opened at $230.79 on Monday. Salesforce Inc. has a one year low of $221.96 and a one year high of $369.00. The company’s fifty day moving average price is $243.45 and its two-hundred day moving average price is $254.01. The company has a market capitalization of $219.71 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 2.11 and a beta of 1.19. 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 – Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the firm posted $2.56 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently issued reports on CRM. Deutsche Bank Aktiengesellschaft reduced their target price on Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Roth Capital reaffirmed a “buy” rating and set a $395.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Canaccord Genuity Group reduced their price target on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. Oppenheimer lowered their price objective 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. Finally, Wells Fargo & Company lowered their price target on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $322.86.

Check Out Our Latest Stock Analysis on Salesforce

Salesforce Company 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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