Claro Advisors LLC Decreases Position in Salesforce Inc. $CRM

Claro Advisors LLC lessened its holdings in shares of Salesforce Inc. (NYSE:CRM) by 48.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,856 shares of the CRM provider’s stock after selling 2,681 shares during the quarter. Claro Advisors LLC’s holdings in Salesforce were worth $779,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CRM. Nuveen LLC purchased a new stake in shares of Salesforce during the 1st quarter valued at $2,039,196,000. Longview Partners Guernsey LTD purchased a new position in Salesforce in the 1st quarter worth $467,944,000. Pacer Advisors Inc. raised its stake in Salesforce by 1,744.0% in the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after acquiring an additional 1,721,550 shares during the last quarter. Vanguard Group Inc. raised its stake in Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after acquiring an additional 1,383,942 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new position in Salesforce in the 1st quarter worth $345,100,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Stock Performance

Shares of CRM stock opened at $252.82 on Thursday. The stock has a market cap of $240.68 billion, a PE ratio of 36.75, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. The business has a 50-day simple moving average of $248.05 and a 200-day simple moving average of $258.26. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00.

Salesforce (NYSE:CRM) last posted its 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. 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 firm earned $2.56 EPS. The company’s quarterly revenue 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, equities analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

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

Insider Transactions at Salesforce

In related news, CEO Marc Benioff sold 122 shares of Salesforce stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $259.00, for a total value of $31,598.00. Following the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,085,096,889. The trade was a 0.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 76,622 shares of company stock valued at $18,858,631. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CRM. Weiss Ratings restated a “hold (c)” rating on shares of Salesforce in a research note on Tuesday, October 14th. Macquarie restated a “neutral” rating and issued a $250.00 target price on shares of Salesforce in a research note on Thursday, October 16th. Barclays reduced their target price on Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research note on Monday, August 18th. Piper Sandler reaffirmed an “overweight” rating and set a $315.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Finally, Oppenheimer decreased their price objective on Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Tuesday, August 26th. Twenty-five research 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $325.23.

About Salesforce

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.