Omnia Family Wealth LLC Sells 396 Shares of Salesforce Inc. $CRM

Omnia Family Wealth LLC cut its holdings in Salesforce Inc. (NYSE:CRM) by 34.6% during the 2nd quarter, Holdings Channel reports. The firm owned 749 shares of the CRM provider’s stock after selling 396 shares during the period. Omnia Family Wealth LLC’s holdings in Salesforce were worth $205,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC boosted its position in Salesforce by 13.7% during the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after acquiring an additional 3,102 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in Salesforce by 12.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after acquiring an additional 205 shares in the last quarter. Bison Wealth LLC boosted its position in Salesforce by 9.0% during the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after acquiring an additional 184 shares in the last quarter. GAMMA Investing LLC boosted its position in Salesforce by 13.9% during the 1st quarter. GAMMA Investing LLC now owns 14,166 shares of the CRM provider’s stock valued at $3,802,000 after acquiring an additional 1,725 shares in the last quarter. Finally, Inscription Capital LLC bought a new stake in Salesforce during the 1st quarter valued at approximately $685,000. 80.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on CRM shares. Stifel Nicolaus cut their price objective on Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, October 9th. Piper Sandler cut their price objective on Salesforce from $335.00 to $315.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Sanford C. Bernstein dropped their price target on Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research report on Thursday, September 4th. Northland Securities cut Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price target on the stock. in a research report on Tuesday. Finally, Morgan Stanley boosted their price target on Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Twenty-five 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $328.22.

Salesforce Price Performance

Shares of NYSE CRM opened at $236.60 on Thursday. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The firm has a market cap of $225.24 billion, a P/E ratio of 34.39, a PEG ratio of 2.07 and a beta of 1.19. The company has a 50 day moving average of $244.22 and a 200 day moving average of $258.21. 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 (NYSE:CRM) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the business earned $2.56 EPS. The firm’s revenue for the quarter 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, research analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal 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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce’s payout ratio is presently 24.13%.

Insider Buying and Selling

In related news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $236.45, for a total value of $532,012.50. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,816,490,962.95. The trade was a 0.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Blair Kirk bought 3,400 shares of the firm’s stock in a transaction on Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, with a total value 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. The trade was a 801.89% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 78,750 shares of company stock valued at $19,572,233. 3.00% of the stock is owned by company insiders.

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.