Brucke Financial Inc. Grows Stock Holdings in Salesforce Inc. $CRM

Brucke Financial Inc. boosted its holdings in shares of Salesforce Inc. (NYSE:CRM) by 4.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,669 shares of the CRM provider’s stock after purchasing an additional 190 shares during the quarter. Salesforce comprises about 0.9% of Brucke Financial Inc.’s investment portfolio, making the stock its 21st largest position. Brucke Financial Inc.’s holdings in Salesforce were worth $1,273,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cascade Investment Group Inc. raised its stake in shares of Salesforce by 5.8% in the second quarter. Cascade Investment Group Inc. now owns 3,493 shares of the CRM provider’s stock valued at $953,000 after acquiring an additional 190 shares during the period. M1 Capital Management LLC raised its stake in shares of Salesforce by 10.2% in the second quarter. M1 Capital Management LLC now owns 1,191 shares of the CRM provider’s stock valued at $325,000 after acquiring an additional 110 shares during the period. Cardano Risk Management B.V. raised its stake in shares of Salesforce by 5.7% in the second quarter. Cardano Risk Management B.V. now owns 359,148 shares of the CRM provider’s stock valued at $97,936,000 after acquiring an additional 19,363 shares during the period. 3Chopt Investment Partners LLC raised its stake in shares of Salesforce by 40.4% in the second quarter. 3Chopt Investment Partners LLC now owns 3,187 shares of the CRM provider’s stock valued at $870,000 after acquiring an additional 917 shares during the period. Finally, Pinion Investment Advisors LLC raised its stake in shares of Salesforce by 13.1% in the second quarter. Pinion Investment Advisors LLC now owns 1,561 shares of the CRM provider’s stock valued at $426,000 after acquiring an additional 181 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $239.79, for a total value of $539,527.50. Following the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,856,275,610.09. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 78,750 shares of company stock valued at $19,634,805. 3.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on CRM. Roth Capital reissued a “buy” rating and issued a $395.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Wall Street Zen upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a report on Saturday. Stifel Nicolaus cut their price target on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday. Wells Fargo & Company cut 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. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $325.00 price target on shares of Salesforce in a report on Thursday, September 4th. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $331.89.

Salesforce Stock Down 1.3%

Shares of Salesforce stock opened at $242.11 on Friday. 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 Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The firm’s 50-day moving average is $244.68 and its two-hundred day moving average is $258.93. The stock has a market cap of $230.49 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 2.12 and a beta of 1.19.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the business earned $2.56 EPS. The firm’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. As a group, research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were issued a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is currently 24.13%.

Salesforce Company 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.