Birchbrook Inc. Sells 105 Shares of Salesforce Inc. $CRM

Birchbrook Inc. cut its holdings in shares of Salesforce Inc. (NYSE:CRM) by 2.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,112 shares of the CRM provider’s stock after selling 105 shares during the quarter. Salesforce accounts for 0.8% of Birchbrook Inc.’s holdings, making the stock its 29th largest position. Birchbrook Inc.’s holdings in Salesforce were worth $1,372,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. 1248 Management LLC bought a new position in Salesforce in the first quarter valued at approximately $60,000. First Hawaiian Bank increased its stake in Salesforce by 6.3% in the first quarter. First Hawaiian Bank now owns 14,164 shares of the CRM provider’s stock valued at $3,801,000 after acquiring an additional 838 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its stake in Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 85 shares during the last quarter. Modern Wealth Management LLC increased its stake in Salesforce by 35.1% in the first quarter. Modern Wealth Management LLC now owns 2,750 shares of the CRM provider’s stock valued at $738,000 after acquiring an additional 714 shares during the last quarter. Finally, Nova Wealth Management Inc. increased its stake in Salesforce by 38.0% in the first quarter. Nova Wealth Management Inc. now owns 636 shares of the CRM provider’s stock valued at $171,000 after acquiring an additional 175 shares during the last quarter. 80.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on CRM shares. DA Davidson raised shares of Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 price objective on the stock in a research note on Friday, August 15th. JPMorgan Chase & Co. decreased their price objective on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Stifel Nicolaus cut their target price on shares of Salesforce from $375.00 to $325.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. Finally, Sanford C. Bernstein cut their price target on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $332.58.

Salesforce Trading Up 1.5%

NYSE:CRM opened at $246.26 on Friday. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. 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 has a 50-day moving average of $253.79 and a 200-day moving average of $265.23. The company has a market cap of $234.44 billion, a PE ratio of 35.79, a PEG ratio of 2.21 and a beta of 1.22.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) 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 business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the firm posted $2.56 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. 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 research analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

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

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business’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 in the company, valued at $3,061,511,978.42. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Blair Kirk bought 3,400 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was bought 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 of the company’s stock, valued at approximately $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 70,577 shares of company stock worth $18,005,778. Corporate insiders own 3.00% of the company’s stock.

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.