Jump Financial LLC Buys 33,781 Shares of Salesforce Inc. $CRM

Jump Financial LLC boosted its stake in Salesforce Inc. (NYSE:CRM) by 27.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 156,228 shares of the CRM provider’s stock after buying an additional 33,781 shares during the period. Salesforce makes up 0.5% of Jump Financial LLC’s portfolio, making the stock its 14th largest holding. Jump Financial LLC’s holdings in Salesforce were worth $42,602,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Painted Porch Advisors LLC lifted its holdings in Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 65 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its holdings in Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after buying an additional 85 shares in the last quarter. Christopher J. Hasenberg Inc increased its position in Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after buying an additional 92 shares during the period. Maseco LLP acquired a new stake in shares of Salesforce during the second quarter worth $34,000. Finally, Quaker Wealth Management LLC boosted its position in shares of Salesforce by 208.6% in the second quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock valued at $34,000 after acquiring an additional 242 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRM has been the topic of a number of recent research reports. Guggenheim reaffirmed a “neutral” rating on shares of Salesforce in a research report on Thursday. Cowen restated a “buy” rating on shares of Salesforce in a research report on Thursday. Evercore ISI dropped their price target on shares of Salesforce from $360.00 to $340.00 and set an “outperform” rating for the company in a research report on Thursday. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 price target on shares of Salesforce in a research note on Thursday. Finally, Northland Securities raised their price objective on Salesforce from $264.00 to $267.00 and gave the stock a “market perform” rating in a research note on Thursday. Twenty-nine analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $326.54.

Insider Buying and Selling

In related news, insider Parker Harris sold 134,662 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the completion of the transaction, the insider directly owned 139,767 shares in the company, valued at $32,803,314.90. This represents a 49.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marc Benioff sold 122 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $259.00, for a total transaction of $31,598.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $3,085,096,889. The trade was a 0.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 184,284 shares of company stock worth $43,862,999. 3.00% of the stock is currently owned by corporate insiders.

Salesforce Stock Up 5.4%

NYSE CRM opened at $260.78 on Friday. The business has a fifty day moving average price of $243.26 and a two-hundred day moving average price of $252.64. The stock has a market capitalization of $248.26 billion, a PE ratio of 34.82, a PEG ratio of 2.04 and a beta of 1.25. Salesforce Inc. has a fifty-two week low of $221.96 and a fifty-two week high of $367.15. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 1.12.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.39. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The company had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $10.27 billion. During the same quarter in the previous year, the firm earned $2.41 EPS. Salesforce’s revenue was up 9.1% on a year-over-year basis. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Equities analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th will be issued a $0.416 dividend. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.6%. Salesforce’s dividend payout ratio is 22.16%.

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.