Griffin Asset Management Inc. Has $564,000 Stake in Salesforce Inc. $CRM

Griffin Asset Management Inc. trimmed its holdings in shares of Salesforce Inc. (NYSE:CRM) by 30.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,068 shares of the CRM provider’s stock after selling 897 shares during the period. Griffin Asset Management Inc.’s holdings in Salesforce were worth $564,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Salesforce by 1.6% during 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Salesforce by 6.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock worth $2,484,616,000 after acquiring an additional 600,386 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Salesforce by 5.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock worth $2,419,037,000 after acquiring an additional 437,435 shares during the period. Nuveen LLC bought a new position in shares of Salesforce during the 1st quarter worth about $2,039,196,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Salesforce by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider’s stock worth $1,707,316,000 after acquiring an additional 295,681 shares during the period. 80.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $239.79, for a total value of $539,527.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,856,275,610.09. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 76,500 shares of company stock valued at $19,049,130. Company insiders own 3.00% of the company’s stock.

Salesforce Trading Down 1.3%

CRM opened at $242.11 on Monday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $230.49 billion, a PE ratio of 35.19, a PEG ratio of 2.09 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 firm has a 50-day moving average price of $244.68 and a two-hundred day moving average price of $258.64.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company 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. As a group, equities analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were given 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 dividend payout ratio (DPR) is presently 24.13%.

Analyst Ratings Changes

A number of research firms have recently commented on CRM. Bank of America reduced their price objective on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a report on Tuesday, August 26th. JPMorgan Chase & Co. cut their price target on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a report on Thursday, September 4th. Cantor Fitzgerald reissued an “overweight” rating and set a $325.00 price target on shares of Salesforce in a report on Thursday, September 4th. JMP Securities reissued a “market outperform” rating and set a $430.00 price target on shares of Salesforce in a report on Tuesday, September 2nd. Finally, Piper Sandler cut their price target on shares of Salesforce from $335.00 to $315.00 and set an “overweight” rating for the company in a report on Thursday, September 4th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $331.89.

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.