Rexford Capital Inc. Invests $556,000 in Salesforce Inc. $CRM

Rexford Capital Inc. acquired a new stake in shares of Salesforce Inc. (NYSE:CRM) during the second quarter, Holdings Channel.com reports. The fund acquired 2,038 shares of the CRM provider’s stock, valued at approximately $556,000.

Several other large investors have also recently added to or reduced their stakes in CRM. Painted Porch Advisors LLC increased its stake in shares of Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 65 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its position in Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 85 shares during the last quarter. Christopher J. Hasenberg Inc grew its stake in Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after purchasing an additional 92 shares in the last quarter. Maseco LLP acquired a new position in Salesforce in the 2nd quarter worth about $34,000. Finally, Spurstone Advisory Services LLC purchased a new stake in shares of Salesforce during the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Performance

Shares of CRM opened at $262.34 on Friday. The company has a market capitalization of $245.81 billion, a PE ratio of 35.03, a price-to-earnings-growth ratio of 1.95 and a beta of 1.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98. Salesforce Inc. has a one year low of $221.96 and a one year high of $367.09. The company’s fifty day moving average price is $245.50 and its 200 day moving average price is $252.08.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $10.27 billion. During the same period last year, the business posted $2.41 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. As a group, analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently commented on CRM shares. Barclays boosted their price target on Salesforce from $316.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Guggenheim reissued a “neutral” rating on shares of Salesforce in a research report on Thursday, December 4th. Truist Financial cut their price target on shares of Salesforce from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Thursday, December 4th. Piper Sandler reiterated an “overweight” rating on shares of Salesforce in a report on Thursday, December 4th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $250.00 target price on shares of Salesforce in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $326.46.

Insider Activity

In other news, insider Parker Harris sold 134,662 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 139,767 shares in the company, valued at approximately $32,803,314.90. The trade was a 49.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director G Mason Morfit bought 96,000 shares of Salesforce stock in a transaction that occurred on Friday, December 5th. The stock was bought at an average price of $260.58 per share, with a total value of $25,015,680.00. Following the purchase, the director owned 2,994,509 shares of the company’s stock, valued at $780,309,155.22. This trade represents a 3.31% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders sold 177,534 shares of company stock valued at $42,194,197. 3.00% of the stock is owned by company insiders.

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.