Salesforce Inc. $CRM Shares Sold by Panagora Asset Management Inc.

Panagora Asset Management Inc. reduced its position in shares of Salesforce Inc. (NYSE:CRM) by 61.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 328,134 shares of the CRM provider’s stock after selling 526,403 shares during the period. Panagora Asset Management Inc.’s holdings in Salesforce were worth $89,479,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CRM. Vanguard Group Inc. lifted its holdings in Salesforce by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 88,823,481 shares of the CRM provider’s stock valued at $24,221,275,000 after purchasing an additional 909,853 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Salesforce by 0.6% in the second quarter. Geode Capital Management LLC now owns 20,873,900 shares of the CRM provider’s stock valued at $5,669,224,000 after buying an additional 114,504 shares during the last quarter. Norges Bank purchased a new position in shares of Salesforce in the second quarter worth about $2,826,049,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Salesforce by 6.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock worth $2,484,616,000 after buying an additional 600,386 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Salesforce by 5.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock worth $2,419,037,000 after acquiring an additional 437,435 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CRM. Macquarie reissued a “neutral” rating and issued a $250.00 target price on shares of Salesforce in a research note on Thursday, October 16th. BMO Capital Markets dropped their price target on Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. Stifel Nicolaus reduced their price objective on Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, October 9th. Mizuho lowered their price objective on Salesforce from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Monday, November 17th. Finally, Oppenheimer restated an “outperform” rating on shares of Salesforce in a report on Monday. Twenty-five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $322.86.

Salesforce Price Performance

CRM stock opened at $230.79 on Monday. The business has a fifty day moving average of $243.45 and a two-hundred day moving average of $254.01. 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 cap of $219.71 billion, a price-to-earnings ratio of 33.55, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a 52-week low of $221.96 and a 52-week high of $369.00.

Salesforce (NYSE:CRM) last announced 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. The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.56 EPS. 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, research analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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

Insider Buying and Selling at Salesforce

In other news, CEO Marc Benioff sold 122 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $259.00, for a total value of $31,598.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,085,096,889. This represents a 0.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 54,122 shares of company stock worth $13,367,438 in the last ninety days. 3.00% of the stock is owned by company 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.