Grandview Asset Management LLC Trims Stock Position in Salesforce Inc. $CRM

Grandview Asset Management LLC lowered its holdings in Salesforce Inc. (NYSE:CRM) by 0.6% during the second quarter, Holdings Channel.com reports. The firm owned 6,789 shares of the CRM provider’s stock after selling 43 shares during the period. Grandview Asset Management LLC’s holdings in Salesforce were worth $1,851,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRM. Coign Capital Advisors LLC boosted its stake in shares of Salesforce by 1.7% during the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock worth $586,000 after purchasing an additional 37 shares during the last quarter. Staley Capital Advisers Inc. boosted its position in Salesforce by 1.1% during the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock worth $897,000 after acquiring an additional 38 shares during the last quarter. KDT Advisors LLC boosted its position in Salesforce by 4.1% during the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock worth $260,000 after acquiring an additional 38 shares during the last quarter. Liberty One Investment Management LLC boosted its holdings in shares of Salesforce by 1.2% during the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock worth $849,000 after purchasing an additional 39 shares during the last quarter. Finally, First Command Advisory Services Inc. boosted its holdings in shares of Salesforce by 7.3% during the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock worth $154,000 after purchasing an additional 39 shares during the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $245.85, for a total value of $553,162.50. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,928,459,730.35. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director directly owned 3,824 shares of the company’s stock, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 78,750 shares of company stock worth $19,955,745 over the last quarter. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

CRM has been the topic of a number of research analyst reports. Sanford C. Bernstein decreased their price target on Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research note on Thursday, September 4th. Oppenheimer decreased their target price on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 26th. Erste Group Bank lowered shares of Salesforce from a “buy” rating to a “hold” rating in a report on Thursday, June 5th. DA Davidson upgraded Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 price objective for the company in a report on Friday, August 15th. Finally, Royal Bank Of Canada dropped their price objective on Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a report on Thursday, September 4th. One 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $332.58.

Salesforce Stock Performance

Shares of CRM stock opened at $243.58 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The company’s fifty day moving average price is $249.32 and its two-hundred day moving average price is $261.53. The firm has a market capitalization of $231.89 billion, a P/E ratio of 35.40, a P/E/G ratio of 2.22 and a beta of 1.22.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the business posted $2.56 EPS. The company’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, research analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be given a dividend of $0.416 per share. 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 presently 24.13%.

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.