Malaga Cove Capital LLC Reduces Holdings in Salesforce Inc. $CRM

Malaga Cove Capital LLC cut its holdings in shares of Salesforce Inc. (NYSE:CRM) by 11.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,566 shares of the CRM provider’s stock after selling 600 shares during the quarter. Malaga Cove Capital LLC’s holdings in Salesforce were worth $1,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRM. Brighton Jones LLC lifted its position in Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after purchasing an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after buying an additional 205 shares during the period. Bison Wealth LLC raised its holdings in shares of Salesforce by 9.0% during the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after acquiring an additional 184 shares in the last quarter. Leavell Investment Management Inc. lifted its stake in Salesforce by 17.3% in the first quarter. Leavell Investment Management Inc. now owns 2,894 shares of the CRM provider’s stock worth $777,000 after acquiring an additional 426 shares during the period. Finally, Peddock Capital Advisors LLC boosted its holdings in Salesforce by 3.7% in the first quarter. Peddock Capital Advisors LLC now owns 1,166 shares of the CRM provider’s stock valued at $313,000 after acquiring an additional 42 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Robert W. Baird lowered their price objective on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Citigroup raised their price target on Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a report on Tuesday, September 9th. Stifel Nicolaus lowered their price target on Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. UBS Group decreased their price objective 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. Finally, Macquarie reissued a “neutral” rating and issued a $250.00 target price on shares of Salesforce in a report on Thursday, October 16th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and an average target price of $325.23.

Insider Activity

In other Salesforce news, CEO Marc Benioff sold 122 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $259.00, for a total value of $31,598.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,085,096,889. This represents a 0.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 74,372 shares of company stock worth $18,317,866 in the last three months. Company insiders own 3.00% of the company’s stock.

Salesforce Price Performance

Shares of NYSE:CRM opened at $239.27 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $227.79 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. The firm’s 50 day moving average price is $247.74 and its 200-day moving average price is $258.13. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00.

Salesforce (NYSE:CRM) last announced 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 return on equity of 13.27% and a net margin of 16.87%.The company had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the firm earned $2.56 EPS. 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. Equities research analysts expect 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. Shareholders of record on Wednesday, September 17th were issued a dividend of $0.416 per share. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is currently 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.