Salesforce Inc. $CRM Shares Sold by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC reduced its position in Salesforce Inc. (NYSE:CRM) by 2.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,673 shares of the CRM provider’s stock after selling 137 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Salesforce were worth $1,820,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Blodgett Wealth Advisors LLC boosted its holdings in shares of Salesforce by 6.6% in the second quarter. Blodgett Wealth Advisors LLC now owns 3,213 shares of the CRM provider’s stock valued at $876,000 after acquiring an additional 200 shares during the period. Financiere des Professionnels Fonds d investissement inc. boosted its holdings in shares of Salesforce by 12.6% in the second quarter. Financiere des Professionnels Fonds d investissement inc. now owns 42,123 shares of the CRM provider’s stock valued at $11,487,000 after acquiring an additional 4,720 shares during the period. Balefire LLC purchased a new stake in shares of Salesforce during the second quarter worth approximately $359,000. LifePlan Financial LLC raised its stake in shares of Salesforce by 5.6% during the second quarter. LifePlan Financial LLC now owns 8,760 shares of the CRM provider’s stock worth $2,389,000 after purchasing an additional 466 shares during the last quarter. Finally, Fragasso Financial Advisors Inc raised its stake in shares of Salesforce by 32.5% during the second quarter. Fragasso Financial Advisors Inc now owns 15,924 shares of the CRM provider’s stock worth $4,342,000 after purchasing an additional 3,909 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Trading Down 1.4%

Salesforce stock opened at $239.09 on Wednesday. The stock has a market cap of $227.61 billion, a PE ratio of 34.75, a P/E/G ratio of 2.21 and a beta of 1.22. The stock has a 50-day moving average price of $251.97 and a 200 day moving average price of $263.73. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last posted 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 firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Equities research 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. Investors of record on Wednesday, September 17th will be given a dividend of $0.416 per share. 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 dividend payout ratio (DPR) is currently 24.13%.

Insider Transactions at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $242.39, for a total transaction of $545,377.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,887,245,694.69. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Blair Kirk purchased 3,400 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was acquired at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director owned 3,824 shares in the company, valued at $973,819.84. The trade was a 801.89% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 75,077 shares of company stock valued at $19,099,953. 3.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CRM shares. Bank of America cut their price target on Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a research note on Tuesday, August 26th. Sanford C. Bernstein cut their price target on Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research note on Thursday, September 4th. Westpark Capital restated a “buy” rating and set a $320.00 price target on shares of Salesforce in a research note on Wednesday, May 28th. Barclays cut their price target on Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research note on Monday, August 18th. Finally, Roth Capital restated a “buy” rating and set a $395.00 price target on shares of Salesforce in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $332.58.

About Salesforce

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.