Broderick Brian C Raises Position in Salesforce Inc. $CRM

Broderick Brian C lifted its holdings in Salesforce Inc. (NYSE:CRM) by 10.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,842 shares of the CRM provider’s stock after purchasing an additional 1,146 shares during the quarter. Broderick Brian C’s holdings in Salesforce were worth $3,229,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Kidder Stephen W boosted its holdings in Salesforce by 16.1% in the second quarter. Kidder Stephen W now owns 8,876 shares of the CRM provider’s stock worth $2,420,000 after acquiring an additional 1,234 shares in the last quarter. Abel Hall LLC raised its position in shares of Salesforce by 16.2% in the 2nd quarter. Abel Hall LLC now owns 1,064 shares of the CRM provider’s stock valued at $290,000 after purchasing an additional 148 shares during the last quarter. Somerville Kurt F boosted its stake in Salesforce by 23.9% in the 2nd quarter. Somerville Kurt F now owns 18,824 shares of the CRM provider’s stock worth $5,133,000 after purchasing an additional 3,635 shares in the last quarter. Mirova US LLC grew its position in Salesforce by 4.4% during the 2nd quarter. Mirova US LLC now owns 679,213 shares of the CRM provider’s stock worth $185,215,000 after purchasing an additional 28,818 shares during the last quarter. Finally, REAP Financial Group LLC increased its stake in Salesforce by 60.2% during the 2nd quarter. REAP Financial Group LLC now owns 314 shares of the CRM provider’s stock valued at $86,000 after purchasing an additional 118 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Performance

Shares of CRM stock opened at $239.91 on Wednesday. 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. The stock has a market cap of $228.40 billion, a PE ratio of 34.87, a price-to-earnings-growth ratio of 2.12 and a beta of 1.19. The business has a 50-day simple moving average of $245.62 and a 200-day simple moving average of $259.67.

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, beating the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the business earned $2.56 earnings per share. Salesforce’s quarterly revenue 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, equities analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

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

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $241.32, for a total value of $542,970.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,874,500,313.72. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 78,750 shares of company stock worth $19,679,535 in the last quarter. 3.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CRM shares. BMO Capital Markets lowered their price objective on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, September 4th. 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 research note on Thursday, September 4th. Royal Bank Of Canada dropped their price target on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 4th. Cantor Fitzgerald reissued an “overweight” rating and issued a $325.00 price objective on shares of Salesforce in a report on Thursday, September 4th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $430.00 target price on shares of Salesforce in a report on Tuesday, September 2nd. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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.