Ingalls & Snyder LLC Trims Stock Position in Salesforce Inc. $CRM

Ingalls & Snyder LLC lessened its position in shares of Salesforce Inc. (NYSE:CRM) by 9.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,498 shares of the CRM provider’s stock after selling 671 shares during the quarter. Ingalls & Snyder LLC’s holdings in Salesforce were worth $1,772,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Strait & Sound Wealth Management LLC raised its position in shares of Salesforce by 11.4% during the 2nd quarter. Strait & Sound Wealth Management LLC now owns 4,153 shares of the CRM provider’s stock valued at $1,133,000 after buying an additional 424 shares during the period. Cabot Wealth Management Inc. raised its position in shares of Salesforce by 1.1% during the 2nd quarter. Cabot Wealth Management Inc. now owns 11,103 shares of the CRM provider’s stock valued at $3,028,000 after buying an additional 122 shares during the period. Brighton Jones LLC raised its position in shares of Salesforce by 16.3% during the 2nd quarter. Brighton Jones LLC now owns 32,209 shares of the CRM provider’s stock valued at $8,783,000 after buying an additional 4,509 shares during the period. Stegent Equity Advisors Inc. raised its position in shares of Salesforce by 28.3% during the 2nd quarter. Stegent Equity Advisors Inc. now owns 1,562 shares of the CRM provider’s stock valued at $426,000 after buying an additional 345 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its position in shares of Salesforce by 0.7% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 20,996 shares of the CRM provider’s stock valued at $5,725,000 after buying an additional 136 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Stock Performance

NYSE:CRM opened at $254.93 on Monday. The company has a fifty day simple moving average of $246.53 and a two-hundred day simple moving average of $258.12. The company has a market cap of $242.69 billion, a price-to-earnings ratio of 37.05, a price-to-earnings-growth ratio of 2.14 and a beta of 1.19. 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 quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $2.56 earnings per share. 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 Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have issued reports on CRM. Northland Securities lowered Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 target price on the stock. in a research report on Tuesday, October 14th. JPMorgan Chase & Co. cut their target price on Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft cut their target price on Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Piper Sandler reissued an “overweight” rating and issued a $315.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Finally, Bank of America cut their target price on Salesforce from $350.00 to $325.00 and set a “buy” rating on the stock in a research report on Tuesday, August 26th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $325.23.

Insiders Place Their Bets

In other news, Director David Blair Kirk bought 3,400 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director owned 3,824 shares in the company, valued at approximately $973,819.84. This trade represents a 801.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $247.67, for a total transaction of $557,257.50. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,950,138,789.57. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 76,500 shares of company stock valued at $18,819,383. Insiders own 3.00% of the company’s stock.

Salesforce Company 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.