Elevation Point Wealth Partners LLC Trims Holdings in Salesforce Inc. $CRM

Elevation Point Wealth Partners LLC lowered its position in Salesforce Inc. (NYSE:CRM) by 13.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,065 shares of the CRM provider’s stock after selling 487 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Salesforce were worth $836,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Salesforce by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 88,823,481 shares of the CRM provider’s stock valued at $24,221,275,000 after acquiring an additional 909,853 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Salesforce by 0.6% during the second quarter. Geode Capital Management LLC now owns 20,873,900 shares of the CRM provider’s stock worth $5,669,224,000 after purchasing an additional 114,504 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Salesforce by 6.9% in 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 purchasing an additional 600,386 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Salesforce by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock valued at $2,419,037,000 after purchasing an additional 437,435 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Salesforce in the first quarter valued at $2,039,196,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Price Performance

Salesforce stock opened at $228.27 on Friday. The company has a fifty day simple moving average of $243.78 and a 200-day simple moving average of $254.90. The firm has a market capitalization of $217.31 billion, a price-to-earnings ratio of 33.18, a PEG ratio of 2.11 and a beta of 1.19. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 52-week low of $221.96 and a 52-week high of $369.00.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the business posted $2.56 earnings per share. Salesforce’s quarterly 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. On average, equities analysts anticipate 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 was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were given a $0.416 dividend. The ex-dividend date was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce’s dividend payout ratio is 24.13%.

Analyst Upgrades and Downgrades

CRM has been the subject of several recent research reports. Barclays cut their target price on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a report on Monday, August 18th. Wedbush restated an “outperform” rating and issued a $375.00 price target on shares of Salesforce in a research note on Thursday, October 16th. Northland Capmk cut Salesforce from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 14th. Wells Fargo & Company dropped their price objective on Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. Finally, Sanford C. Bernstein cut their price objective on Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research report on Thursday, September 4th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $322.86.

Insider Activity

In related news, CEO Marc Benioff sold 122 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $259.00, for a total value of $31,598.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,085,096,889. This trade represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 54,122 shares of company stock valued at $13,367,438 in the last ninety days. 3.00% of the stock is owned by corporate 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.