Salesforce Inc. $CRM Shares Sold by Pandora Wealth Inc.

Pandora Wealth Inc. reduced its position in shares of Salesforce Inc. (NYSE:CRM) by 27.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 531 shares of the CRM provider’s stock after selling 204 shares during the period. Pandora Wealth Inc.’s holdings in Salesforce were worth $145,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CRM. Painted Porch Advisors LLC boosted its stake in shares of Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Capital A Wealth Management LLC boosted its stake in shares of Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in shares of Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 85 shares during the last quarter. Abound Financial LLC acquired a new stake in shares of Salesforce during the 1st quarter worth about $31,000. Finally, Christopher J. Hasenberg Inc boosted its stake in shares of Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after purchasing an additional 92 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CRM shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Salesforce in a research note on Saturday, September 27th. BMO Capital Markets decreased their price target on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Royal Bank Of Canada cut their price objective on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a report on Thursday, September 4th. Roth Capital reiterated a “buy” rating and set a $395.00 price objective on shares of Salesforce in a report on Thursday, September 4th. Finally, Stifel Nicolaus cut their price objective on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Salesforce currently has a consensus rating of “Moderate Buy” and an average price target of $331.89.

Salesforce Trading Down 1.3%

NYSE CRM opened at $242.11 on Monday. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The company’s 50 day moving average price is $244.68 and its 200 day moving average price is $258.64. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market capitalization of $230.49 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 2.09 and a beta of 1.19.

Salesforce (NYSE:CRM) last posted its quarterly 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. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the firm posted $2.56 earnings per share. Salesforce’s revenue for the quarter 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. On average, sell-side analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were issued a $0.416 dividend. The ex-dividend date was Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is presently 24.13%.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $240.34, for a total value of $540,765.00. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,862,826,974.14. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David Blair Kirk purchased 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, 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 position. The disclosure for this purchase can be found here. Insiders sold 76,500 shares of company stock worth $19,049,130 in the last 90 days. 3.00% of the stock is currently owned by insiders.

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.