Moors & Cabot Inc. Boosts Position in Salesforce Inc. $CRM

Moors & Cabot Inc. lifted its position in Salesforce Inc. (NYSE:CRM) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,288 shares of the CRM provider’s stock after purchasing an additional 450 shares during the quarter. Moors & Cabot Inc.’s holdings in Salesforce were worth $10,714,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Coign Capital Advisors LLC raised its position in shares of Salesforce by 1.7% during the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock valued at $586,000 after buying an additional 37 shares during the period. Staley Capital Advisers Inc. grew its holdings in shares of Salesforce by 1.1% during the 1st quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock worth $897,000 after purchasing an additional 38 shares during the period. KDT Advisors LLC increased its position in shares of Salesforce by 4.1% during the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock worth $260,000 after purchasing an additional 38 shares during the last quarter. Liberty One Investment Management LLC increased its position in shares of Salesforce by 1.2% during the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock valued at $849,000 after acquiring an additional 39 shares during the last quarter. Finally, First Command Advisory Services Inc. boosted its position in shares of Salesforce by 7.3% during the 1st quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock worth $154,000 after purchasing an additional 39 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Stock Down 2.6%

Salesforce stock opened at $254.54 on Wednesday. The company has a market capitalization of $242.32 billion, a P/E ratio of 37.00, a PEG ratio of 2.11 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The stock has a 50-day simple moving average of $247.99 and a 200-day simple moving average of $258.30.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Equities research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were 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 of this dividend was Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is presently 24.13%.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 122 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $259.00, for a total transaction of $31,598.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $3,085,096,889. This trade represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 76,622 shares of company stock valued at $18,858,631 over the last three months. 3.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CRM. Wells Fargo & Company lowered their price objective on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a research note on Thursday, September 4th. Wall Street Zen raised shares of Salesforce from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Deutsche Bank Aktiengesellschaft cut their price objective on Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Salesforce in a research note on Tuesday, October 14th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $325.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $325.23.

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.