Salesforce Inc. $CRM Shares Sold by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. trimmed its position in Salesforce Inc. (NYSE:CRM) by 5.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,879 shares of the CRM provider’s stock after selling 614 shares during the period. Sumitomo Life Insurance Co.’s holdings in Salesforce were worth $2,694,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Diversified Trust Co lifted its holdings in shares of Salesforce by 30.1% in the 2nd quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider’s stock worth $7,577,000 after acquiring an additional 6,430 shares during the last quarter. Neville Rodie & Shaw Inc. lifted its holdings in shares of Salesforce by 4.6% in the 2nd quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider’s stock worth $16,353,000 after acquiring an additional 2,644 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Salesforce in the 1st quarter worth approximately $9,367,000. Jones Financial Companies Lllp lifted its holdings in shares of Salesforce by 31.2% in the 1st quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider’s stock worth $93,016,000 after acquiring an additional 81,916 shares during the last quarter. Finally, Howard Capital Management Inc. lifted its holdings in shares of Salesforce by 25.3% in the 2nd quarter. Howard Capital Management Inc. now owns 11,243 shares of the CRM provider’s stock worth $3,070,000 after acquiring an additional 2,272 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $252.04, for a total value of $567,090.00. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $3,002,192,354.84. This represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders have sold 78,750 shares of company stock valued at $19,372,928. Corporate insiders own 3.00% of the company’s stock.

Salesforce Trading Up 1.5%

Shares of NYSE:CRM opened at $260.55 on Friday. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. The company’s 50 day moving average is $247.52 and its two-hundred day moving average is $258.08. 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 $248.04 billion, a PE ratio of 37.87, a P/E/G ratio of 2.11 and a beta of 1.19.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating 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 company had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the firm posted $2.56 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Equities analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were given 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 dividend yield of 0.6%. Salesforce’s dividend payout ratio is currently 24.13%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Northland Securities lowered shares of Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price objective on the stock. in a report on Tuesday, October 14th. Morgan Stanley upped their price objective on shares of Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Robert W. Baird reduced their target price on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Stifel Nicolaus reduced their target price on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. Finally, Sanford C. Bernstein reduced their target price on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a report on Thursday, September 4th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $325.23.

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.