Sequoia Financial Advisors LLC Has $70.11 Million Stock Position in Salesforce Inc. $CRM

Sequoia Financial Advisors LLC raised its stake in shares of Salesforce Inc. (NYSE:CRM) by 2.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 257,097 shares of the CRM provider’s stock after acquiring an additional 6,651 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Salesforce were worth $70,108,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Painted Porch Advisors LLC raised its holdings in Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after buying an additional 65 shares in the last quarter. Capital A Wealth Management LLC increased its stake in shares of Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 90 shares during the period. CBIZ Investment Advisory Services LLC increased its stake in shares of Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 85 shares during the period. Abound Financial LLC bought a new position in shares of Salesforce in the first quarter worth about $31,000. Finally, Christopher J. Hasenberg Inc increased its stake in shares of Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after purchasing an additional 92 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Morgan Stanley lifted their price objective on Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. JMP Securities reiterated a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a research note on Tuesday, September 2nd. Stifel Nicolaus dropped their price objective on Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday. Canaccord Genuity Group cut their price target on Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Finally, Sanford C. Bernstein cut their price target on Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a report on Thursday, September 4th. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $331.89.

Insider Buying and Selling

In related news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $239.79, for a total transaction of $539,527.50. Following the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,856,275,610.09. This represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 76,500 shares of company stock worth $19,049,130. 3.00% of the stock is owned by corporate insiders.

Salesforce Trading Down 1.3%

CRM stock opened at $242.11 on Monday. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The firm has a market cap of $230.49 billion, a P/E ratio of 35.19, a P/E/G ratio of 2.09 and a beta of 1.19. The business’s 50 day moving average is $244.68 and its 200-day moving average is $258.64. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14.

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. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the company posted $2.56 EPS. The company’s 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 anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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

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.