Salesforce Inc. $CRM Stake Cut by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. cut its position in shares of Salesforce Inc. (NYSE:CRM) by 45.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 13,032 shares of the CRM provider’s stock after selling 10,809 shares during the period. Quintet Private Bank Europe S.A.’s holdings in Salesforce were worth $3,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in CRM. Brighton Jones LLC increased its position in Salesforce by 13.7% in the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after buying an additional 3,102 shares during the period. Revolve Wealth Partners LLC increased 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 buying an additional 205 shares during the period. Bison Wealth LLC increased its position in Salesforce by 9.0% in the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after buying an additional 184 shares during the period. Silvercrest Asset Management Group LLC increased its position in Salesforce by 584.8% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 12,025 shares of the CRM provider’s stock worth $4,020,000 after buying an additional 10,269 shares during the period. Finally, Sherbrooke Park Advisers LLC acquired a new stake in Salesforce in the fourth quarter worth $268,000. 80.43% of the stock is currently owned by institutional investors.

Salesforce Price Performance

Shares of CRM opened at $242.68 on Monday. The firm has a market capitalization of $231.03 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 2.21 and a beta of 1.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The stock’s fifty day moving average is $253.21 and its 200-day moving average is $264.29.

Salesforce (NYSE:CRM) last announced its earnings results 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. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the business posted $2.56 earnings per share. The company’s quarterly revenue 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. Equities analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be paid a dividend of $0.416 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is currently 24.13%.

Insider Activity

In other news, Director David Blair Kirk bought 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired 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 directly owned 3,824 shares of the company’s stock, valued at $973,819.84. This represents a 801.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total value of $578,295.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $3,061,511,978.42. This represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 70,577 shares of company stock valued at $18,005,778 in the last ninety days. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays dropped their target price on Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a research report on Monday, August 18th. Oppenheimer dropped their target price on Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 26th. Royal Bank Of Canada dropped their target price on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 4th. Morgan Stanley increased their target price on Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Finally, DA Davidson raised Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 price target on the stock in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus target price of $332.58.

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.