Interchange Capital Partners LLC Reduces Stake in Salesforce Inc. $CRM

Interchange Capital Partners LLC lowered its stake in Salesforce Inc. (NYSE:CRM) by 93.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 317 shares of the CRM provider’s stock after selling 4,301 shares during the period. Interchange Capital Partners LLC’s holdings in Salesforce were worth $86,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Salesforce by 13.7% in the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after purchasing an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after purchasing an additional 205 shares during the last quarter. Bison Wealth LLC lifted its stake in Salesforce by 9.0% in the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after purchasing an additional 184 shares during the last quarter. GAMMA Investing LLC lifted its stake in Salesforce by 13.9% in the first quarter. GAMMA Investing LLC now owns 14,166 shares of the CRM provider’s stock worth $3,802,000 after purchasing an additional 1,725 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in Salesforce by 156.2% in the first quarter. Exchange Traded Concepts LLC now owns 10,317 shares of the CRM provider’s stock worth $2,769,000 after purchasing an additional 6,290 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Stock Performance

Shares of NYSE:CRM opened at $239.87 on Wednesday. The company has a market capitalization of $228.36 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 2.15 and a beta of 1.19. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $244.47 and a 200 day moving average of $258.36.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. Salesforce’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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, sell-side analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were paid a $0.416 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce’s payout ratio is 24.13%.

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Monday, August 11th. The shares were sold at an average price of $236.45, for a total value of $532,012.50. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,816,490,962.95. The trade was a 0.02% 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 the SEC website. Also, Director David Blair Kirk purchased 3,400 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was purchased at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the acquisition, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. The trade was a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders sold 78,750 shares of company stock valued at $19,572,233 in the last three months. 3.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CRM has been the subject of several analyst reports. Stifel Nicolaus decreased their price objective on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, October 9th. Roth Capital reaffirmed a “buy” rating and set a $395.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Northland Securities downgraded shares of Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price target for the company. in a research note on Tuesday. JMP Securities reaffirmed a “market outperform” rating and set a $430.00 price target on shares of Salesforce in a research note on Tuesday, September 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Salesforce in a research note on Tuesday. Twenty-five equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and an average target price of $328.22.

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.