Earned Wealth Advisors LLC Sells 258 Shares of Salesforce Inc. $CRM

Earned Wealth Advisors LLC cut its position in Salesforce Inc. (NYSE:CRM) by 5.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,516 shares of the CRM provider’s stock after selling 258 shares during the quarter. Earned Wealth Advisors LLC’s holdings in Salesforce were worth $1,231,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Salesforce

In other news, Director David Blair Kirk bought 3,400 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was 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 directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $248.56, for a total transaction of $559,260.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,960,740,087.76. This represents a 0.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 78,750 shares of company stock valued at $19,372,928. 3.00% of the stock is owned by corporate insiders.

Salesforce Stock Up 2.2%

CRM stock opened at $256.90 on Friday. The stock has a market capitalization of $244.57 billion, a P/E ratio of 37.34, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The firm has a 50-day moving average price of $247.26 and a 200-day moving average price of $258.02.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 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 firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the business earned $2.56 earnings per share. The business’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. As a group, equities research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders 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 0.6%. Salesforce’s dividend payout ratio (DPR) is presently 24.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Salesforce in a research note on Tuesday, October 14th. Needham & Company LLC reiterated a “buy” rating and set a $400.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Wall Street Zen upgraded Salesforce from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. JMP Securities reaffirmed a “market outperform” rating and set a $430.00 price objective on shares of Salesforce in a research report on Friday, October 17th. Finally, Northland Capmk cut shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 14th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $325.23.

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.