Dover Advisors LLC Sells 491 Shares of Salesforce Inc. $CRM

Dover Advisors LLC cut its holdings in Salesforce Inc. (NYSE:CRM) by 5.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,899 shares of the CRM provider’s stock after selling 491 shares during the period. Salesforce accounts for approximately 0.9% of Dover Advisors LLC’s portfolio, making the stock its 29th biggest holding. Dover Advisors LLC’s holdings in Salesforce were worth $2,154,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Salesforce by 6.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock valued at $2,484,616,000 after acquiring an additional 600,386 shares during the period. AIA Group Ltd grew its stake in shares of Salesforce by 8.0% in the 1st quarter. AIA Group Ltd now owns 32,885 shares of the CRM provider’s stock valued at $8,825,000 after purchasing an additional 2,436 shares during the period. Notis McConarty Edward grew its stake in shares of Salesforce by 71.6% in the 1st quarter. Notis McConarty Edward now owns 3,844 shares of the CRM provider’s stock valued at $1,032,000 after purchasing an additional 1,604 shares during the period. Aberdeen Group plc grew its stake in shares of Salesforce by 1.5% in the 1st quarter. Aberdeen Group plc now owns 1,036,482 shares of the CRM provider’s stock valued at $274,802,000 after purchasing an additional 15,782 shares during the period. Finally, Leith Wheeler Investment Counsel Ltd. grew its stake in shares of Salesforce by 43.0% in the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 104,834 shares of the CRM provider’s stock valued at $28,133,000 after purchasing an additional 31,537 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Insider Transactions at Salesforce

In related news, Director David Blair Kirk acquired 3,400 shares of the stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the transaction, the director owned 3,824 shares in the company, valued at $973,819.84. This represents a 801.89% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total transaction of $578,295.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,061,511,978.42. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,577 shares of company stock worth $18,005,778. Corporate insiders own 3.00% of the company’s stock.

Salesforce Trading Down 1.5%

Salesforce stock opened at $242.68 on Monday. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The company has a market cap of $231.03 billion, a price-to-earnings ratio of 35.27, a P/E/G ratio of 2.21 and a beta of 1.22. The firm has a 50-day moving average of $253.21 and a 200-day moving average of $264.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. The company had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the firm earned $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, 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, October 9th. Shareholders of record on Wednesday, September 17th will be paid a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce’s payout ratio is presently 24.13%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CRM. KeyCorp reduced their target price on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. Wells Fargo & Company reduced their target price on Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. Royal Bank Of Canada reduced their target price on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a report on Thursday, September 4th. Macquarie reissued a “neutral” rating and issued a $290.00 target price on shares of Salesforce in a report on Thursday, September 4th. Finally, Citigroup boosted their target price on Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus price target of $332.58.

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.