Highland Capital Management LLC Sells 2,532 Shares of Salesforce Inc. $CRM

Highland Capital Management LLC lowered its stake in Salesforce Inc. (NYSE:CRM) by 24.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 7,760 shares of the CRM provider’s stock after selling 2,532 shares during the quarter. Highland Capital Management LLC’s holdings in Salesforce were worth $2,116,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CRM. Painted Porch Advisors LLC increased its stake in shares of Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after acquiring an additional 65 shares in the last quarter. Capital A Wealth Management LLC grew its position in Salesforce by 450.0% in the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 90 shares during the period. CBIZ Investment Advisory Services LLC grew its position in Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 85 shares during the period. Abound Financial LLC acquired a new stake in Salesforce in the 1st quarter valued at $31,000. Finally, Christopher J. Hasenberg Inc grew its position in Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after purchasing an additional 92 shares during the period. Institutional investors own 80.43% of the company’s stock.

Salesforce Price Performance

CRM opened at $240.25 on Friday. 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 company has a market capitalization of $228.72 billion, a price-to-earnings ratio of 34.92, a P/E/G ratio of 2.08 and a beta of 1.19. The firm’s fifty day moving average price is $246.66 and its two-hundred day moving average price is $260.19. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00.

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

Salesforce Announces Dividend

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

Analysts Set New Price Targets

CRM has been the subject of several research reports. Barclays reduced their price target on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research report on Monday, August 18th. JPMorgan Chase & Co. reduced their price target on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. Cantor Fitzgerald reissued an “overweight” rating and issued a $325.00 price target on shares of Salesforce in a research report on Thursday, September 4th. JMP Securities reissued a “market outperform” rating and issued a $430.00 price target on shares of Salesforce in a research report on Tuesday, September 2nd. Finally, Sanford C. Bernstein reduced their price target on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research report on Thursday, September 4th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $332.58.

Insider Transactions at Salesforce

In related news, Director David Blair Kirk purchased 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were bought at an average cost of $254.66 per share, with a total value of $865,844.00. Following the acquisition, the director owned 3,824 shares of the company’s stock, valued at $973,819.84. This represents a 801.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $265.77, for a total transaction of $597,982.50. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,165,738,224.67. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 81,000 shares of company stock worth $20,357,213 over the last three months. 3.00% of the stock is owned by insiders.

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.