RB Capital Management LLC Buys 250 Shares of Salesforce Inc. $CRM

RB Capital Management LLC increased its stake in shares of Salesforce Inc. (NYSE:CRM) by 1.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,282 shares of the CRM provider’s stock after buying an additional 250 shares during the quarter. Salesforce accounts for about 1.3% of RB Capital Management LLC’s investment portfolio, making the stock its 17th largest position. RB Capital Management LLC’s holdings in Salesforce were worth $5,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Salesforce by 6.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock valued at $2,484,616,000 after purchasing an additional 600,386 shares during the last quarter. AIA Group Ltd raised its position in Salesforce by 8.0% in the 1st quarter. AIA Group Ltd now owns 32,885 shares of the CRM provider’s stock valued at $8,825,000 after purchasing an additional 2,436 shares during the last quarter. Notis McConarty Edward raised its position in Salesforce by 71.6% in the 1st quarter. Notis McConarty Edward now owns 3,844 shares of the CRM provider’s stock valued at $1,032,000 after purchasing an additional 1,604 shares during the last quarter. Aberdeen Group plc raised its position in Salesforce by 1.5% in the 1st quarter. Aberdeen Group plc now owns 1,036,482 shares of the CRM provider’s stock valued at $274,802,000 after purchasing an additional 15,782 shares during the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. raised its position in Salesforce by 43.0% in the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 104,834 shares of the CRM provider’s stock valued at $28,133,000 after purchasing an additional 31,537 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling

In other news, Director David Blair Kirk bought 3,400 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the transaction, the director owned 3,824 shares of the company’s stock, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total value of $578,295.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,061,511,978.42. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,577 shares of company stock worth $18,005,778. Company insiders own 3.00% of the company’s stock.

Salesforce Price Performance

Shares of NYSE CRM opened at $242.68 on Friday. The business’s 50 day moving average price is $253.21 and its two-hundred day moving average price is $264.50. The company has a market cap of $231.03 billion, a PE ratio of 35.27, a price-to-earnings-growth ratio of 2.24 and a beta of 1.22. 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 Inc. has a twelve month low of $226.48 and a twelve month high of $369.00.

Salesforce (NYSE:CRM) last announced 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 the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business’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. On average, analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be given a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce’s payout ratio is 24.13%.

Wall Street Analysts Forecast Growth

CRM has been the subject of several research reports. Canaccord Genuity Group lowered their target price on Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, September 4th. Sanford C. Bernstein decreased their price objective on Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research note on Thursday, September 4th. Needham & Company LLC reissued a “buy” rating and issued a $400.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Citigroup boosted their price target on Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a report on Tuesday, September 9th. Finally, The Goldman Sachs Group boosted their price target on Salesforce from $340.00 to $385.00 and gave the company a “buy” rating in a report on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and a consensus price target of $332.58.

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.