Citizens & Northern Corp Sells 92 Shares of Salesforce Inc. $CRM

Citizens & Northern Corp cut its position in shares of Salesforce Inc. (NYSE:CRM) by 1.0% during the second quarter, HoldingsChannel.com reports. The firm owned 8,821 shares of the CRM provider’s stock after selling 92 shares during the period. Salesforce accounts for about 0.6% of Citizens & Northern Corp’s investment portfolio, making the stock its 28th largest holding. Citizens & Northern Corp’s holdings in Salesforce were worth $2,405,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Painted Porch Advisors LLC grew 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 purchasing an additional 65 shares during the period. Capital A Wealth Management LLC grew its holdings in shares of Salesforce by 450.0% in the 1st 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 last quarter. CBIZ Investment Advisory Services LLC increased its position in shares of Salesforce by 314.8% during the 1st 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 in the last quarter. Abound Financial LLC bought a new position in Salesforce during the 1st quarter valued at about $31,000. Finally, Christopher J. Hasenberg Inc boosted its position in Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after buying an additional 92 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Insider Activity

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $252.28, for a total transaction of $567,630.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $3,005,051,131.88. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 78,750 shares of company stock valued at $19,448,213. 3.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CRM shares. Northland Securities lowered shares of Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price objective for the company. in a report on Tuesday, October 14th. JMP Securities restated a “market outperform” rating and set a $430.00 price target on shares of Salesforce in a research report on Friday, October 17th. Wedbush reiterated an “outperform” rating and issued a $375.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. Canaccord Genuity Group decreased their target price on Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $325.23.

Salesforce Price Performance

Shares of CRM opened at $263.51 on Wednesday. The stock has a market cap of $250.86 billion, a P/E ratio of 38.30, a price-to-earnings-growth ratio of 2.13 and a beta of 1.19. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The stock’s 50-day moving average price is $245.46 and its two-hundred day moving average price is $257.92. 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 announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The company had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.Salesforce’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business 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. On average, equities analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

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