Salesforce Inc. $CRM Shares Sold by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC lowered its stake in shares of Salesforce Inc. (NYSE:CRM) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,458 shares of the CRM provider’s stock after selling 45 shares during the period. Fairvoy Private Wealth LLC’s holdings in Salesforce were worth $397,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Salesforce by 13.3% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 9,898 shares of the CRM provider’s stock valued at $2,699,000 after acquiring an additional 1,160 shares during the last quarter. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Salesforce during the second quarter valued at $110,000. Ashton Thomas Securities LLC boosted its stake in shares of Salesforce by 7.1% during the second quarter. Ashton Thomas Securities LLC now owns 5,521 shares of the CRM provider’s stock valued at $1,505,000 after acquiring an additional 367 shares during the last quarter. Abacus Planning Group Inc. boosted its stake in shares of Salesforce by 8.1% during the second quarter. Abacus Planning Group Inc. now owns 1,377 shares of the CRM provider’s stock valued at $376,000 after acquiring an additional 103 shares during the last quarter. Finally, Hilltop National Bank acquired a new stake in shares of Salesforce during the second quarter valued at $806,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CRM. Canaccord Genuity Group decreased their price objective on Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. DA Davidson raised Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 price target on the stock in a research note on Friday, August 15th. Royal Bank Of Canada decreased their price target on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 4th. Deutsche Bank Aktiengesellschaft decreased their price target on Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Finally, Oppenheimer decreased their price target on Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 26th. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $332.58.

Salesforce Stock Performance

NYSE CRM opened at $240.25 on Friday. The firm has a market capitalization of $228.72 billion, a P/E ratio of 34.92, a P/E/G ratio of 2.06 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 debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The business’s 50-day simple moving average is $246.66 and its 200-day simple moving average is $260.32.

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

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be paid a $0.416 dividend. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce’s payout ratio is currently 24.13%.

Insider Activity

In related news, Director David Blair Kirk bought 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were acquired at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director owned 3,824 shares in the company, valued at $973,819.84. This represents a 801.89% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $236.38, for a total value of $531,855.00. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,815,657,152.98. The trade was a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,000 shares of company stock worth $20,357,213. Company insiders own 3.00% of the company’s stock.

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.