Salesforce Inc. $CRM Stock Position Lessened by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC decreased its holdings in Salesforce Inc. (NYSE:CRM) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,385 shares of the CRM provider’s stock after selling 148 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Salesforce were worth $923,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 626 Financial LLC boosted its stake in Salesforce by 14.5% during the 2nd quarter. 626 Financial LLC now owns 5,421 shares of the CRM provider’s stock valued at $1,478,000 after purchasing an additional 685 shares in the last quarter. Quaker Wealth Management LLC boosted its stake in Salesforce by 208.6% during the 2nd quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock valued at $34,000 after purchasing an additional 242 shares in the last quarter. Oarsman Capital Inc. boosted its stake in Salesforce by 16.5% during the 2nd quarter. Oarsman Capital Inc. now owns 1,192 shares of the CRM provider’s stock valued at $325,000 after purchasing an additional 169 shares in the last quarter. Motco boosted its stake in Salesforce by 5.2% during the 2nd quarter. Motco now owns 39,617 shares of the CRM provider’s stock valued at $10,234,000 after purchasing an additional 1,962 shares in the last quarter. Finally, Fire Capital Management LLC lifted its position in shares of Salesforce by 7.8% during the 2nd quarter. Fire Capital Management LLC now owns 4,669 shares of the CRM provider’s stock valued at $1,273,000 after acquiring an additional 338 shares during the last quarter. 80.43% of the stock is owned by institutional investors.

Salesforce Price Performance

CRM opened at $251.42 on Thursday. The stock has a market cap of $239.35 billion, a price-to-earnings ratio of 36.54, a PEG ratio of 2.13 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 current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average price of $247.04 and a 200 day moving average price of $258.02.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating 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 business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm 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. Analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were issued a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is 24.13%.

Analysts Set New Price Targets

CRM has been the subject of a number of recent research reports. Wedbush reiterated an “outperform” rating and set a $375.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. Macquarie reiterated a “neutral” rating and set a $250.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. KeyCorp cut their price objective on Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. Needham & Company LLC reiterated a “buy” rating and set a $400.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $325.00 target price on shares of Salesforce in a report on Thursday, October 16th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $325.23.

Insider Activity

In related news, Director David Blair Kirk bought 3,400 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were bought 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 in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $247.57, for a total value of $557,032.50. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,948,947,632.47. This trade represents a 0.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 78,750 shares of company stock worth $19,372,703. Corporate insiders own 3.00% of the company’s stock.

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.