Continuum Advisory LLC Sells 4,906 Shares of Salesforce Inc. $CRM

Continuum Advisory LLC reduced its stake in shares of Salesforce Inc. (NYSE:CRM) by 68.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,234 shares of the CRM provider’s stock after selling 4,906 shares during the period. Continuum Advisory LLC’s holdings in Salesforce were worth $350,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Commonwealth Retirement Investments LLC acquired a new stake in Salesforce in the 4th quarter worth approximately $25,000. Gilpin Wealth Management LLC acquired a new position in Salesforce during the fourth quarter valued at approximately $26,000. Birchwood Financial Partners Inc. bought a new position in shares of Salesforce in the fourth quarter valued at approximately $28,000. Swiss RE Ltd. acquired a new stake in shares of Salesforce in the fourth quarter worth $28,000. Finally, Dogwood Wealth Management LLC boosted its holdings in shares of Salesforce by 285.7% during the 4th quarter. Dogwood Wealth Management LLC now owns 108 shares of the CRM provider’s stock worth $29,000 after buying an additional 80 shares during the period. Institutional investors own 80.43% of the company’s stock.

Salesforce News Roundup

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: AI growth is becoming material: Agentforce and Data 360 annual recurring revenue reached nearly $3.9 billion, up more than 210% year over year. Agentforce ARR exceeded $1.5 billion and grew more than 240%, supporting the view that Salesforce is successfully monetizing artificial intelligence. Salesforce Grew Agentforce and Data 360 ARR More Than 200%
• Positive Sentiment: Analyst support remains strong: Cantor Fitzgerald raised its Salesforce price target to $300, while BTIG reaffirmed its “Buy” rating and said it is increasingly confident in improving business trends. Cantor Fitzgerald Raises Salesforce Price Target
• Positive Sentiment: Shareholder returns: Salesforce declared a quarterly cash dividend of $0.44 per share, payable October 8 to shareholders of record September 17. The dividend provides a modest income component and signals continued confidence in cash generation. Salesforce Announces Quarterly Dividend

Insider Activity at Salesforce

In other news, Director Craig Conway sold 4,500 shares of Salesforce stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the sale, the director directly owned 5,437 shares in the company, valued at approximately $1,416,936.57. The trade was a 45.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. HSBC boosted their target price on shares of Salesforce from $350.00 to $356.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. BMO Capital Markets raised their target price on Salesforce from $230.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. BTIG Research reiterated a “buy” rating and set a $300.00 price target on shares of Salesforce in a report on Wednesday. Piper Sandler cut Salesforce from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 28th. Finally, Susquehanna started coverage on shares of Salesforce in a research report on Wednesday, July 1st. They set a “neutral” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Salesforce currently has an average rating of “Moderate Buy” and a consensus target price of $266.50.

Salesforce Price Performance

Shares of NYSE:CRM opened at $259.39 on Friday. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $269.11. The firm has a market capitalization of $213.48 billion, a PE ratio of 23.65, a PEG ratio of 1.23 and a beta of 1.20. The business’s 50 day moving average is $191.88 and its 200-day moving average is $185.00. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $2.63. The business had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.Salesforce’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.91 earnings per share. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Sell-side analysts predict that Salesforce Inc. will post 12.64 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, September 17th. Salesforce’s dividend payout ratio (DPR) is presently 16.04%.

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.