J. L. Bainbridge & Co. Inc. Cuts Stock Holdings in Salesforce Inc. $CRM

J. L. Bainbridge & Co. Inc. lowered its position in shares of Salesforce Inc. (NYSE:CRM) by 10.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,803 shares of the CRM provider’s stock after selling 6,658 shares during the period. Salesforce makes up approximately 1.2% of J. L. Bainbridge & Co. Inc.’s portfolio, making the stock its 23rd largest position. J. L. Bainbridge & Co. Inc.’s holdings in Salesforce were worth $14,173,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Painted Porch Advisors LLC increased its holdings 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 worth $25,000 after purchasing an additional 65 shares in the last quarter. Evolution Wealth Management Inc. purchased a new stake in shares of Salesforce during the second quarter valued at $27,000. CBIZ Investment Advisory Services LLC increased its holdings in Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after buying an additional 85 shares in the last quarter. Christopher J. Hasenberg Inc raised 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 worth $32,000 after buying an additional 92 shares during the last quarter. Finally, Maseco LLP purchased a new position in Salesforce in the 2nd quarter worth about $34,000. 80.43% of the stock is owned by institutional investors.

Salesforce Trading Up 0.3%

Salesforce stock opened at $266.09 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98. The firm’s 50 day moving average price is $249.16 and its 200-day moving average price is $251.61. Salesforce Inc. has a 1 year low of $221.96 and a 1 year high of $367.09. The stock has a market cap of $249.33 billion, a P/E ratio of 35.53, a PEG ratio of 1.98 and a beta of 1.25.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.39. The company had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $10.27 billion. Salesforce had a net margin of 17.91% and a return on equity of 14.41%. Salesforce’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, equities analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th will be issued a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, December 18th. Salesforce’s dividend payout ratio (DPR) is currently 22.16%.

Analyst Ratings Changes

A number of analysts have recently issued reports on CRM shares. Piper Sandler reaffirmed an “overweight” rating on shares of Salesforce in a report on Thursday, December 4th. Royal Bank Of Canada restated a “sector perform” rating and issued a $250.00 target price on shares of Salesforce in a report on Thursday, December 4th. Needham & Company LLC reiterated a “buy” rating and set a $400.00 target price on shares of Salesforce in a research note on Thursday, December 4th. Northland Securities increased their price target on Salesforce from $264.00 to $267.00 and gave the company a “market perform” rating in a report on Thursday, December 4th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Salesforce in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $326.68.

Insider Transactions at Salesforce

In other Salesforce news, Director David Blair Kirk purchased 1,936 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were bought at an average price of $258.64 per share, with a total value of $500,727.04. Following the completion of the purchase, the director directly owned 10,677 shares in the company, valued at $2,761,499.28. This trade represents a 22.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Marc Benioff sold 122 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $259.00, for a total transaction of $31,598.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $3,085,096,889. This trade represents a 0.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 166,284 shares of company stock valued at $39,439,229 over the last 90 days. Insiders own 3.00% of the company’s stock.

Salesforce Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.