Salesforce Inc. $CRM Shares Sold by Everpar Advisors LLC

Everpar Advisors LLC cut its stake in Salesforce Inc. (NYSE:CRM) by 9.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,793 shares of the CRM provider’s stock after selling 197 shares during the period. Everpar Advisors LLC’s holdings in Salesforce were worth $489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Salesforce by 1.6% during the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after purchasing an additional 1,383,942 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of 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 purchasing an additional 600,386 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Salesforce by 5.1% during 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Salesforce by 7.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,658,132 shares of the CRM provider’s stock valued at $2,894,673,000 after purchasing an additional 602,445 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Salesforce during the first quarter valued at $2,039,196,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Down 0.2%

Shares of Salesforce stock opened at $242.33 on Tuesday. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The stock has a 50-day moving average price of $252.66 and a 200 day moving average price of $263.90. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The company has a market cap of $230.70 billion, a P/E ratio of 35.22, a P/E/G ratio of 2.21 and a beta of 1.22.

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 return on equity of 13.27% and a net margin of 16.87%.The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the business earned $2.56 EPS. The business’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. As a group, analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is 24.13%.

Insider Transactions at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $243.91, for a total transaction of $548,797.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,905,351,282.61. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Blair Kirk purchased 3,400 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of the purchase, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 72,827 shares of company stock valued at $18,554,576 over the last ninety days. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. DA Davidson raised Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 price target on the stock in a report on Friday, August 15th. Morgan Stanley raised their target price on Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Bank of America decreased their target price on Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a research note on Tuesday, August 26th. Citigroup raised their target price on Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a research note on Tuesday, September 9th. Finally, Westpark Capital reaffirmed a “buy” rating and set a $320.00 target price on shares of Salesforce in a research note on Wednesday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Salesforce currently has an average rating of “Moderate Buy” and a consensus price target of $332.58.

Salesforce 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.