Good Life Advisors LLC Sells 638 Shares of Salesforce Inc. $CRM

Good Life Advisors LLC lowered its stake in Salesforce Inc. (NYSE:CRM) by 6.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,552 shares of the CRM provider’s stock after selling 638 shares during the period. Good Life Advisors LLC’s holdings in Salesforce were worth $2,332,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CRM. Coign Capital Advisors LLC increased its position in shares of Salesforce by 1.7% in the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock valued at $586,000 after acquiring an additional 37 shares during the period. Staley Capital Advisers Inc. raised its stake in Salesforce by 1.1% in the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock worth $897,000 after buying an additional 38 shares in the last quarter. KDT Advisors LLC lifted its holdings in Salesforce by 4.1% in the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock worth $260,000 after buying an additional 38 shares during the period. First Command Advisory Services Inc. boosted its position in Salesforce by 7.3% during the 1st quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock valued at $154,000 after acquiring an additional 39 shares in the last quarter. Finally, Mendel Money Management grew its holdings in shares of Salesforce by 3.6% during the 1st quarter. Mendel Money Management now owns 1,112 shares of the CRM provider’s stock worth $298,000 after acquiring an additional 39 shares during the period. Institutional investors own 80.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CRM shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Salesforce in a research note on Tuesday. Wall Street Zen cut shares of Salesforce from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Barclays lowered their target price on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a report on Monday, August 18th. Royal Bank Of Canada dropped their price target on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 4th. Finally, BMO Capital Markets reduced their price objective on Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $325.23.

Insider Buying and Selling at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $251.12, for a total value of $565,020.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,991,233,709.52. This represents a 0.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David Blair Kirk bought 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were acquired at an average price of $254.66 per share, with a total value of $865,844.00. Following the transaction, the director directly owned 3,824 shares of the company’s stock, valued at $973,819.84. This represents a 801.89% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 69,872 shares of company stock valued at $17,257,913 in the last ninety days. 3.00% of the stock is currently owned by insiders.

Salesforce Trading Down 0.7%

Shares of CRM stock opened at $244.26 on Thursday. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The firm has a fifty day moving average price of $246.72 and a 200-day moving average price of $257.90. The company has a market cap of $232.54 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 2.11 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping 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 business had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the business posted $2.56 earnings per share. The business’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. As a group, equities analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The company 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. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce’s dividend payout ratio is 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.