Groupe la Francaise trimmed its position in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 90.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,701 shares of the CRM provider’s stock after selling 55,764 shares during the period. Groupe la Francaise’s holdings in Salesforce were worth $865,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of Salesforce by 13.7% during the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after acquiring an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after acquiring an additional 205 shares during the last quarter. Bison Wealth LLC raised its position 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 worth $747,000 after purchasing an additional 184 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Salesforce by 3.7% during the second quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider’s stock valued at $807,000 after purchasing an additional 106 shares during the last quarter. Finally, United Bank lifted its holdings in shares of Salesforce by 5.2% during the second quarter. United Bank now owns 10,198 shares of the CRM provider’s stock valued at $2,781,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the company. B. Riley Financial lifted their price target on Salesforce from $205.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Cantor Fitzgerald upped their price objective on shares of Salesforce from $250.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. Wedbush began coverage on shares of Salesforce in a report on Wednesday, July 1st. They issued an “outperform” rating for the company. TD Cowen lifted their target price on shares of Salesforce from $240.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salesforce in a report on Thursday, August 27th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $266.50.
Read Our Latest Stock Analysis on CRM
Salesforce Price Performance
NYSE CRM opened at $249.03 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $204.95 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 1.20 and a beta of 1.20. The company has a 50 day simple moving average of $195.74 and a 200-day simple moving average of $185.92. Salesforce Inc. has a 52-week low of $146.32 and a 52-week high of $269.11.
Salesforce (NYSE:CRM – Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, beating the consensus estimate of $3.27 by $2.63. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The firm had revenue of $11.35 billion for the quarter, compared to analyst estimates of $11.33 billion. During the same quarter in the prior year, the business earned $2.91 EPS. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Equities research analysts predict that Salesforce Inc. will post 12.65 earnings per share for the current fiscal year.
Salesforce Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce’s dividend payout ratio is 16.04%.
Insider Activity
In related news, Director Craig Conway sold 4,500 shares of Salesforce stock in a transaction on Friday, September 4th. The stock was sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the completion of the sale, the director owned 5,437 shares of the company’s stock, valued at approximately $1,416,936.57. This trade represents a 45.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.50% of the company’s stock.
About Salesforce
Salesforce, Inc is a cloud-based software company that provides customer relationship management (CRM) technology and related enterprise applications. Its platform helps organizations manage sales, customer service, marketing, commerce, data analytics and business operations through subscription-based software and cloud services.
The company’s product portfolio includes Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Data Cloud and the Salesforce Platform. Salesforce also offers Slack for workplace collaboration, Tableau for data visualization and analytics, MuleSoft for application integration, and artificial intelligence capabilities, including its Agentforce platform for building and deploying AI agents.
Founded in 1999, Salesforce is headquartered in San Francisco, California, and serves businesses and organizations across a broad range of industries and geographic markets worldwide.
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