Ameriflex Group Inc. Reduces Position in Salesforce Inc. $CRM

Ameriflex Group Inc. lessened its stake in shares of Salesforce Inc. (NYSE:CRM) by 39.5% in the second quarter, HoldingsChannel.com reports. The firm owned 1,091 shares of the CRM provider’s stock after selling 712 shares during the quarter. Ameriflex Group Inc.’s holdings in Salesforce were worth $295,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CRM. Brighton Jones LLC boosted its stake in shares of Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after purchasing an additional 3,102 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after purchasing an additional 205 shares during the period. Bison Wealth LLC boosted its stake in shares of Salesforce by 9.0% during the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after purchasing an additional 184 shares during the period. Fermata Advisors LLC boosted its stake in shares of Salesforce by 87.3% during the first quarter. Fermata Advisors LLC now owns 2,199 shares of the CRM provider’s stock valued at $590,000 after purchasing an additional 1,025 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Salesforce by 45.8% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,070 shares of the CRM provider’s stock valued at $556,000 after purchasing an additional 650 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $265.77, for a total value of $597,982.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,165,738,224.67. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the acquisition, the director directly owned 3,824 shares in the company, valued at $973,819.84. This represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 81,000 shares of company stock valued at $20,357,213 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on CRM shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $325.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Canaccord Genuity Group dropped their price target on Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, September 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Macquarie reaffirmed a “neutral” rating and issued a $290.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Finally, Piper Sandler decreased their price objective on Salesforce from $335.00 to $315.00 and set an “overweight” rating for the company in a report on Thursday, September 4th. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $332.58.

Salesforce Price Performance

Shares of NYSE:CRM opened at $240.25 on Friday. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The business has a fifty day moving average price of $246.66 and a 200-day moving average price of $260.32. The company has a market capitalization of $228.72 billion, a PE ratio of 34.92, a PEG ratio of 2.06 and a beta of 1.19.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the company earned $2.56 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, equities analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be issued a dividend of $0.416 per share. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is presently 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.