Cardano Risk Management B.V. Grows Position in Salesforce Inc. $CRM

Cardano Risk Management B.V. grew its stake in Salesforce Inc. (NYSE:CRM) by 9.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 432,871 shares of the CRM provider’s stock after buying an additional 36,865 shares during the period. Cardano Risk Management B.V.’s holdings in Salesforce were worth $67,814,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Commonwealth Retirement Investments LLC bought a new position in shares of Salesforce during the 4th quarter valued at approximately $25,000. Key Capital Management INC bought a new stake in Salesforce during the 4th quarter worth approximately $26,000. Gilpin Wealth Management LLC bought a new stake in Salesforce during the 4th quarter worth approximately $26,000. Legacy Bridge LLC purchased a new position in Salesforce during the fourth quarter valued at approximately $27,000. Finally, Birchwood Financial Partners Inc. purchased a new position in Salesforce during the fourth quarter valued at approximately $28,000. Institutional investors own 80.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CRM. Barclays raised shares of Salesforce from an “overweight” rating to an “overweight” rating in a research note on Thursday, June 18th. Macquarie Infrastructure lowered their target price on shares of Salesforce from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, May 28th. Wells Fargo & Company dropped their target price on shares of Salesforce from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Thursday, May 28th. Needham & Company LLC reiterated a “buy” rating on shares of Salesforce in a research note on Tuesday, June 16th. Finally, Wedbush assumed coverage on Salesforce in a report on Wednesday, July 1st. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $249.51.

Salesforce Price Performance

CRM stock opened at $192.48 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. The company’s fifty day moving average price is $171.23 and its 200-day moving average price is $183.26. Salesforce Inc. has a one year low of $146.32 and a one year high of $269.11. The company has a market capitalization of $157.64 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 1.04 and a beta of 1.16.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.13 by $0.75. The company had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. Salesforce’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the company posted $2.58 earnings per share. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. On average, equities analysts anticipate that Salesforce Inc. will post 10.27 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, June 11th. Salesforce’s payout ratio is 20.37%.

Salesforce Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.