Rehmann Capital Advisory Group Sells 340 Shares of Salesforce Inc. $CRM

Rehmann Capital Advisory Group trimmed its position in shares of Salesforce Inc. (NYSE:CRM) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,860 shares of the CRM provider’s stock after selling 340 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Salesforce were worth $1,325,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Coign Capital Advisors LLC boosted its position in shares of Salesforce by 1.7% in the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock worth $586,000 after purchasing an additional 37 shares in the last quarter. Staley Capital Advisers Inc. boosted its position in shares of Salesforce by 1.1% in the 1st quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock worth $897,000 after purchasing an additional 38 shares in the last quarter. KDT Advisors LLC boosted its position in shares of Salesforce by 4.1% in the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock worth $260,000 after purchasing an additional 38 shares in the last quarter. Liberty One Investment Management LLC raised its holdings in Salesforce by 1.2% in the 1st quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock worth $849,000 after acquiring an additional 39 shares during the last quarter. Finally, First Command Advisory Services Inc. raised its holdings in Salesforce by 7.3% in the 1st quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock worth $154,000 after acquiring an additional 39 shares during the last quarter. 80.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Salesforce

In related news, Director David Blair Kirk acquired 3,400 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, with a total value of $865,844.00. Following the acquisition, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $242.44, for a total transaction of $545,490.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,887,841,273.24. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,750 shares of company stock valued at $19,448,213 in the last ninety days. 3.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CRM has been the subject of a number of recent analyst reports. Northland Capmk lowered shares of Salesforce from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 14th. Royal Bank Of Canada decreased their price objective on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a report on Thursday, September 4th. KeyCorp decreased their target price on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, September 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Salesforce in a research note on Tuesday, October 14th. Finally, Macquarie reiterated a “neutral” rating and set a $250.00 target price on shares of Salesforce in a research note on Thursday, October 16th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.23.

Salesforce Trading Down 2.5%

NYSE:CRM opened at $256.78 on Thursday. 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 firm has a market capitalization of $244.45 billion, a price-to-earnings ratio of 37.32, a price-to-earnings-growth ratio of 2.17 and a beta of 1.19. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The business has a fifty day moving average price of $245.85 and a 200-day moving average price of $257.92.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. The company had revenue of $10.24 billion during 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%. Salesforce’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Sell-side analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were issued a $0.416 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.6%. Salesforce’s dividend payout ratio is currently 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.