McAdam LLC Trims Stock Holdings in Salesforce Inc. $CRM

McAdam LLC decreased its stake in Salesforce Inc. (NYSE:CRM) by 18.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 748 shares of the CRM provider’s stock after selling 173 shares during the quarter. McAdam LLC’s holdings in Salesforce were worth $201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Acadian Asset Management LLC increased its position in Salesforce by 31.6% in the first quarter. Acadian Asset Management LLC now owns 107,844 shares of the CRM provider’s stock worth $28,934,000 after buying an additional 25,882 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Salesforce by 23.9% in the first quarter. Geneos Wealth Management Inc. now owns 17,520 shares of the CRM provider’s stock worth $4,702,000 after buying an additional 3,376 shares in the last quarter. Acorns Advisers LLC increased its position in Salesforce by 27.8% in the first quarter. Acorns Advisers LLC now owns 869 shares of the CRM provider’s stock worth $233,000 after buying an additional 189 shares in the last quarter. Belpointe Asset Management LLC increased its position in Salesforce by 91.4% in the first quarter. Belpointe Asset Management LLC now owns 7,735 shares of the CRM provider’s stock worth $2,077,000 after buying an additional 3,694 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in Salesforce by 6.1% in the first quarter. Intech Investment Management LLC now owns 305,317 shares of the CRM provider’s stock worth $81,935,000 after buying an additional 17,634 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

CRM has been the subject of a number of analyst reports. Westpark Capital restated a “buy” rating and issued a $320.00 price target on shares of Salesforce in a research report on Wednesday, May 28th. The Goldman Sachs Group upped their price objective on Salesforce from $340.00 to $385.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. Piper Sandler dropped their price objective on Salesforce from $335.00 to $315.00 and set an “overweight” rating for the company in a research note on Thursday, September 4th. Stephens dropped their price objective on Salesforce from $311.00 to $309.00 and set an “equal weight” rating for the company in a research note on Friday, May 30th. Finally, Oppenheimer dropped their price objective on Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $332.58.

Insider Buying and Selling

In other news, Director David Blair Kirk purchased 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of the purchase, the director owned 3,824 shares in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total value of $578,295.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $3,061,511,978.42. The trade was a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,577 shares of company stock valued at $18,005,778. 3.00% of the stock is owned by corporate insiders.

Salesforce Price Performance

Shares of Salesforce stock opened at $246.26 on Friday. The stock has a 50 day moving average of $253.79 and a 200 day moving average of $265.23. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The firm has a market cap of $234.44 billion, a PE ratio of 35.79, a PEG ratio of 2.21 and a beta of 1.22. 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 (NYSE:CRM) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the company earned $2.56 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, research analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be paid a dividend of $0.416 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce’s dividend payout ratio is presently 24.13%.

Salesforce Company 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.