Salesforce Inc. $CRM Shares Sold by Liberty Wealth Management LLC

Liberty Wealth Management LLC lessened its holdings in shares of Salesforce Inc. (NYSE:CRM) by 99.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,076 shares of the CRM provider’s stock after selling 285,296 shares during the quarter. Liberty Wealth Management LLC’s holdings in Salesforce were worth $566,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in CRM. Diversified Trust Co lifted its holdings in Salesforce by 30.1% during the 2nd quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider’s stock worth $7,577,000 after buying an additional 6,430 shares in the last quarter. Neville Rodie & Shaw Inc. grew its stake in shares of Salesforce by 4.6% in the second quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider’s stock worth $16,353,000 after acquiring an additional 2,644 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of Salesforce during the first quarter worth $9,367,000. Jones Financial Companies Lllp raised its stake in shares of Salesforce by 31.2% in the first quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider’s stock valued at $93,016,000 after acquiring an additional 81,916 shares in the last quarter. Finally, Wesbanco Bank Inc. boosted its holdings in Salesforce by 6.8% in the second quarter. Wesbanco Bank Inc. now owns 110,968 shares of the CRM provider’s stock valued at $30,260,000 after purchasing an additional 7,091 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $259.01, for a total transaction of $582,772.50. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,085,216,004.71. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 76,500 shares of company stock valued at $18,819,383 over the last three months. 3.00% of the stock is currently owned by corporate insiders.

Salesforce Trading Down 0.0%

NYSE CRM opened at $254.93 on Monday. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The company has a market capitalization 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 debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The firm’s fifty day moving average price is $246.53 and its 200 day moving average price is $258.12.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $10.14 billion. During the same quarter in the prior year, the firm posted $2.56 earnings per share. Salesforce’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. On average, sell-side analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CRM. Needham & Company LLC restated a “buy” rating and set a $400.00 price target on shares of Salesforce in a report on Thursday, October 16th. Wedbush restated an “outperform” rating and set a $375.00 target price on shares of Salesforce in a research note on Thursday, October 16th. Stifel Nicolaus decreased their price target on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, October 9th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Finally, Bank of America decreased their price objective on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a research report on Tuesday, August 26th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Salesforce presently has an average rating of “Moderate Buy” and an average target price of $325.23.

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.