Exchange Capital Management Inc. Sells 797 Shares of Salesforce Inc. $CRM

Exchange Capital Management Inc. cut its position in Salesforce Inc. (NYSE:CRM) by 2.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 39,104 shares of the CRM provider’s stock after selling 797 shares during the period. Salesforce makes up about 1.6% of Exchange Capital Management Inc.’s investment portfolio, making the stock its 15th largest holding. Exchange Capital Management Inc.’s holdings in Salesforce were worth $10,663,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Painted Porch Advisors LLC raised its position in 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 period. Capital A Wealth Management LLC boosted its holdings in shares of Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its holdings in shares of Salesforce by 314.8% in 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 in the last quarter. Abound Financial LLC bought a new position in Salesforce during the first quarter valued at $31,000. Finally, Christopher J. Hasenberg Inc boosted its position in shares of Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after buying an additional 92 shares during the period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CRM shares. Robert W. Baird decreased their target price on Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. Canaccord Genuity Group reduced their price objective on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, September 4th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a research note on Thursday, September 4th. JMP Securities reiterated a “market outperform” rating and set a $430.00 price objective on shares of Salesforce in a research note on Tuesday, September 2nd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $325.00 price target on shares of Salesforce in a research report on Thursday, September 4th. Twenty-six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $332.58.

Insider Buying and Selling at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $236.38, for a total value of $531,855.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $2,815,657,152.98. This represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction on Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director directly owned 3,824 shares in the company, valued at $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 81,000 shares of company stock valued at $20,357,213 in the last three months. Company insiders own 3.00% of the company’s stock.

Salesforce Stock Performance

Shares of CRM opened at $239.01 on Friday. The stock has a 50-day simple moving average of $247.24 and a 200-day simple moving average of $260.59. The stock has a market capitalization of $227.53 billion, a PE ratio of 34.74, a PEG ratio of 2.04 and a beta of 1.19. 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 quick ratio of 1.12 and a current ratio of 1.12.

Salesforce (NYSE:CRM) last posted its quarterly earnings data 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. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company 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, analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be paid a dividend of $0.416 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s payout ratio is currently 24.13%.

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.