Strengthening Families & Communities LLC Trims Stock Position in Salesforce Inc. $CRM

Strengthening Families & Communities LLC cut its stake in Salesforce Inc. (NYSE:CRM) by 8.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,393 shares of the CRM provider’s stock after selling 589 shares during the period. Strengthening Families & Communities LLC’s holdings in Salesforce were worth $1,742,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Zone Wealth Advisors LLC lifted its position in Salesforce by 7.8% in the second quarter. Blue Zone Wealth Advisors LLC now owns 26,668 shares of the CRM provider’s stock valued at $7,272,000 after acquiring an additional 1,920 shares during the last quarter. Brucke Financial Inc. raised its holdings in shares of Salesforce by 4.2% in the second quarter. Brucke Financial Inc. now owns 4,669 shares of the CRM provider’s stock valued at $1,273,000 after buying an additional 190 shares during the last quarter. Cascade Investment Group Inc. raised its holdings in shares of Salesforce by 5.8% in the second quarter. Cascade Investment Group Inc. now owns 3,493 shares of the CRM provider’s stock valued at $953,000 after buying an additional 190 shares during the last quarter. M1 Capital Management LLC raised its holdings in shares of Salesforce by 10.2% in the second quarter. M1 Capital Management LLC now owns 1,191 shares of the CRM provider’s stock valued at $325,000 after buying an additional 110 shares during the last quarter. Finally, Cardano Risk Management B.V. raised its holdings in shares of Salesforce by 5.7% in the second quarter. Cardano Risk Management B.V. now owns 359,148 shares of the CRM provider’s stock valued at $97,936,000 after buying an additional 19,363 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Trading Down 1.3%

Shares of CRM opened at $242.11 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average is $244.68 and its two-hundred day moving average is $258.93. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The firm has a market capitalization of $230.49 billion, a P/E ratio of 35.19, a PEG ratio of 2.12 and a beta of 1.19.

Salesforce (NYSE:CRM) last announced 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. The business had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.56 earnings per share. 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 predict 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. Investors of record on Wednesday, September 17th were paid a dividend of $0.416 per share. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s dividend payout ratio is presently 24.13%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CRM. Deutsche Bank Aktiengesellschaft reduced their target price 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. UBS Group reduced their target price on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a report on Monday, August 18th. Macquarie reiterated a “neutral” rating and set a $290.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Royal Bank Of Canada dropped their price target on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 4th. Finally, Piper Sandler dropped their price target on shares of Salesforce from $335.00 to $315.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and an average price target of $331.89.

Insider Activity at Salesforce

In other news, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The shares were 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 owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This represents a 801.89% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $248.40, for a total transaction of $558,900.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,958,834,236.40. This represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,750 shares of company stock worth $19,634,805 in the last three months. Insiders own 3.00% of the company’s stock.

About Salesforce

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.