TradeLink Capital LLC Takes $818,000 Position in Salesforce Inc. $CRM

TradeLink Capital LLC purchased a new position in shares of Salesforce Inc. (NYSE:CRM) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,000 shares of the CRM provider’s stock, valued at approximately $818,000. Salesforce accounts for 2.4% of TradeLink Capital LLC’s investment portfolio, making the stock its 14th largest holding.

A number of other institutional investors also recently bought and sold shares of the business. Coign Capital Advisors LLC boosted its stake in shares of Salesforce by 1.7% during the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock worth $586,000 after buying an additional 37 shares during the period. Staley Capital Advisers Inc. increased its position in Salesforce by 1.1% in the 1st quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock valued at $897,000 after acquiring an additional 38 shares during the period. KDT Advisors LLC raised its stake in Salesforce by 4.1% during the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock valued at $260,000 after acquiring an additional 38 shares during the last quarter. Scott & Selber Inc. lifted its position in Salesforce by 0.7% during the 2nd quarter. Scott & Selber Inc. now owns 5,850 shares of the CRM provider’s stock worth $1,595,000 after acquiring an additional 39 shares during the period. Finally, Hanson & Doremus Investment Management grew its stake in shares of Salesforce by 6.9% in the 2nd quarter. Hanson & Doremus Investment Management now owns 607 shares of the CRM provider’s stock valued at $166,000 after purchasing an additional 39 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. JMP Securities restated a “market outperform” rating and set a $430.00 price target on shares of Salesforce in a research note on Friday, October 17th. Macquarie restated a “neutral” rating and set a $250.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. Needham & Company LLC restated a “buy” rating and issued a $400.00 target price on shares of Salesforce in a research note on Thursday, October 16th. Sanford C. Bernstein dropped their price target on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research note on Thursday, September 4th. Finally, Bank of America reduced their price objective on shares of Salesforce from $325.00 to $305.00 and set a “buy” rating for the company in a research report on Monday, November 17th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $322.86.

Insider Buying and Selling

In related news, Director David Blair Kirk purchased 3,400 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was 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 approximately $973,819.84. This represents a 801.89% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $242.91, for a total value of $546,547.50. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,893,439,711.61. This trade represents a 0.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 54,122 shares of company stock valued at $13,367,438. Corporate insiders own 3.00% of the company’s stock.

Salesforce Stock Up 1.2%

CRM stock opened at $230.79 on Monday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $243.45 and its 200 day moving average price is $254.01. Salesforce Inc. has a 52 week low of $221.96 and a 52 week high of $369.00. The company has a market cap of $219.71 billion, a P/E ratio of 33.55, a P/E/G ratio of 2.11 and a beta of 1.19.

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 analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the business 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. On average, research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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

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.