Salesforce Inc. $CRM Shares Sold by Wedmont Private Capital

Wedmont Private Capital trimmed its stake in Salesforce Inc. (NYSE:CRM) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,644 shares of the CRM provider’s stock after selling 167 shares during the quarter. Wedmont Private Capital’s holdings in Salesforce were worth $4,509,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CRM. Neville Rodie & Shaw Inc. boosted its stake in shares of Salesforce by 4.6% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider’s stock worth $16,353,000 after purchasing an additional 2,644 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Salesforce during the first quarter valued at approximately $9,367,000. Jones Financial Companies Lllp grew its stake in Salesforce by 31.2% in the 1st quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider’s stock worth $93,016,000 after acquiring an additional 81,916 shares during the period. Strs Ohio acquired a new position in Salesforce in the 1st quarter valued at $100,472,000. Finally, Park National Corp OH lifted its stake in shares of Salesforce by 10.5% during the 2nd quarter. Park National Corp OH now owns 114,532 shares of the CRM provider’s stock worth $31,232,000 after purchasing an additional 10,901 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Activity

In related news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total value of $578,295.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,061,511,978.42. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Blair Kirk acquired 3,400 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 75,077 shares of company stock worth $19,099,953 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

CRM has been the subject of a number of recent analyst reports. Robert W. Baird lowered their price objective on Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. Needham & Company LLC restated a “buy” rating and issued a $400.00 price target on shares of Salesforce in a report on Thursday, September 4th. Wells Fargo & Company dropped their price objective on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a research note on Thursday, September 4th. The Goldman Sachs Group raised their target price on shares of Salesforce from $340.00 to $385.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. Finally, Canaccord Genuity Group dropped their price target on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Salesforce has a consensus rating of “Moderate Buy” and an average price target of $332.58.

Salesforce Price Performance

CRM stock opened at $242.00 on Thursday. The stock’s 50 day moving average is $251.39 and its two-hundred day moving average is $263.58. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The company has a market capitalization of $230.38 billion, a PE ratio of 35.17, a P/E/G ratio of 2.18 and a beta of 1.22. 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 released its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. The company had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders 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 dividend yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce’s dividend payout ratio is 24.13%.

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.