Salesforce Inc. $CRM Shares Sold by Horizon Bancorp Inc. IN

Horizon Bancorp Inc. IN lessened its holdings in shares of Salesforce Inc. (NYSE:CRM) by 7.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 817 shares of the CRM provider’s stock after selling 65 shares during the quarter. Horizon Bancorp Inc. IN’s holdings in Salesforce were worth $223,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc grew its position in Salesforce by 76.9% in the second quarter. IFP Advisors Inc now owns 19,510 shares of the CRM provider’s stock valued at $5,322,000 after acquiring an additional 8,483 shares in the last quarter. Callan Family Office LLC grew its position in Salesforce by 188.9% in the second quarter. Callan Family Office LLC now owns 18,351 shares of the CRM provider’s stock valued at $5,004,000 after acquiring an additional 12,000 shares in the last quarter. Rice Partnership LLC grew its position in Salesforce by 13.4% in the second quarter. Rice Partnership LLC now owns 9,006 shares of the CRM provider’s stock valued at $2,456,000 after acquiring an additional 1,064 shares in the last quarter. TFR Capital LLC. grew its position in Salesforce by 13.1% in the second quarter. TFR Capital LLC. now owns 1,691 shares of the CRM provider’s stock valued at $461,000 after acquiring an additional 196 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV grew its position in Salesforce by 107.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 11,534 shares of the CRM provider’s stock valued at $3,145,000 after acquiring an additional 5,961 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Buying and Selling at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $248.40, for a total transaction of $558,900.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,958,834,236.40. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The shares were purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director directly owned 3,824 shares of the company’s stock, valued at $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 78,750 shares of company stock worth $19,634,805 over the last 90 days. 3.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on CRM shares. Citigroup increased their price objective on shares of Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Canaccord Genuity Group lowered their price objective on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. Roth Capital reaffirmed a “buy” rating and issued a $395.00 price objective on shares of Salesforce in a research report on Thursday, September 4th. JMP Securities reaffirmed a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a research report on Tuesday, September 2nd. Finally, Stifel Nicolaus reduced their target price on Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $331.89.

Salesforce Stock Performance

Salesforce stock opened at $244.92 on Friday. The stock has a market cap of $233.16 billion, a P/E ratio of 35.60, a price-to-earnings-growth ratio of 2.08 and a beta of 1.19. 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 50 day moving average of $244.86 and a 200-day moving average of $259.25. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the business posted $2.56 earnings per share. The firm’s revenue for the quarter 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. On average, analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

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

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.