Salesforce Inc. $CRM Shares Bought by Country Club Bank

Country Club Bank boosted its position in shares of Salesforce Inc. (NYSE:CRM) by 1.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,713 shares of the CRM provider’s stock after acquiring an additional 65 shares during the period. Country Club Bank’s holdings in Salesforce were worth $1,289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CRM. Nuveen LLC acquired a new position in Salesforce during the 1st quarter worth approximately $2,039,196,000. Longview Partners Guernsey LTD acquired a new position in Salesforce during the 1st quarter worth approximately $467,944,000. Pacer Advisors Inc. grew its holdings in Salesforce by 1,744.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after acquiring an additional 1,721,550 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Salesforce by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after buying an additional 1,383,942 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new stake in shares of Salesforce during the 1st quarter worth approximately $345,100,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Activity

In related news, Director David Blair Kirk acquired 3,400 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were acquired at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. The trade was a 801.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $252.42, for a total transaction of $567,945.00. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,006,718,751.82. The trade was a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,750 shares of company stock worth $19,679,535. Insiders own 3.00% of the company’s stock.

Salesforce Stock Performance

NYSE:CRM opened at $239.91 on Wednesday. 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 fifty-two week low of $226.48 and a fifty-two week high of $369.00. 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 firm’s fifty day simple moving average is $245.62 and its 200-day simple moving average is $259.67.

Salesforce (NYSE:CRM) 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. The firm had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be 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 is Wednesday, September 17th. Salesforce’s dividend payout ratio is presently 24.13%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CRM shares. JPMorgan Chase & Co. reduced their price objective on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. Citigroup boosted their price objective on shares of Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. Bank of America reduced their price objective on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a research report on Tuesday, August 26th. Royal Bank Of Canada reduced their price objective on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research report on Thursday, September 4th. Finally, Piper Sandler reduced their price objective on shares of Salesforce from $335.00 to $315.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Salesforce has a consensus rating of “Moderate Buy” and an average target price of $332.58.

Salesforce Profile

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.