Salesforce Inc. $CRM Shares Sold by Bcwm LLC

Bcwm LLC lessened its position in Salesforce Inc. (NYSE:CRM) by 9.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 24,543 shares of the CRM provider’s stock after selling 2,490 shares during the period. Salesforce makes up 2.1% of Bcwm LLC’s investment portfolio, making the stock its 19th largest holding. Bcwm LLC’s holdings in Salesforce were worth $6,693,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CRM. Brighton Jones LLC lifted its holdings in shares of Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after buying an additional 3,102 shares during the period. Revolve Wealth Partners LLC raised its position in Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after acquiring an additional 205 shares in the last quarter. Bison Wealth LLC lifted its holdings in Salesforce by 9.0% in the fourth 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 during the period. Vestmark Advisory Solutions Inc. boosted its position in shares of Salesforce by 119.1% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 23,452 shares of the CRM provider’s stock worth $6,294,000 after purchasing an additional 12,746 shares in the last quarter. Finally, Horizon Investments LLC grew its stake in shares of Salesforce by 7.3% during the 1st quarter. Horizon Investments LLC now owns 30,939 shares of the CRM provider’s stock worth $8,290,000 after purchasing an additional 2,113 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Trading Down 0.0%

Salesforce stock opened at $262.34 on Friday. The stock has a 50-day moving average price of $245.50 and a 200 day moving average price of $252.26. Salesforce Inc. has a 52 week low of $221.96 and a 52 week high of $367.09. The stock has a market cap of $245.81 billion, a PE ratio of 35.03, a P/E/G ratio of 1.96 and a beta of 1.25. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.39. The company had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $10.27 billion. Salesforce had a net margin of 17.91% and a return on equity of 14.41%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Equities research analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th will be issued a $0.416 dividend. The ex-dividend date is Thursday, December 18th. This represents a $1.66 annualized dividend and a yield of 0.6%. Salesforce’s payout ratio is 22.16%.

Analyst Ratings Changes

A number of analysts recently commented on CRM shares. Royal Bank Of Canada reissued a “sector perform” rating and set a $250.00 price objective on shares of Salesforce in a report on Thursday, December 4th. Sanford C. Bernstein restated an “underperform” rating on shares of Salesforce in a report on Thursday, December 4th. Truist Financial dropped their price objective on Salesforce from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, December 4th. Bank of America decreased their target price on Salesforce from $325.00 to $305.00 and set a “buy” rating on the stock in a research report on Monday, November 17th. Finally, Guggenheim restated a “neutral” rating on shares of Salesforce in a research report on Thursday, December 4th. Twenty-eight analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $326.46.

Insider Transactions at Salesforce

In other Salesforce 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 completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $3,085,096,889. The trade was a 0.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director G Mason Morfit acquired 96,000 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were bought at an average price of $260.58 per share, for a total transaction of $25,015,680.00. Following the completion of the acquisition, the director owned 2,994,509 shares in the company, valued at approximately $780,309,155.22. This trade represents a 3.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 177,534 shares of company stock worth $42,194,197 over the last quarter. 3.00% of the stock is currently owned by 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.