Chemistry Wealth Management LLC Sells 180 Shares of Salesforce Inc. $CRM

Chemistry Wealth Management LLC decreased its position in Salesforce Inc. (NYSE:CRM) by 3.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 4,831 shares of the CRM provider’s stock after selling 180 shares during the quarter. Chemistry Wealth Management LLC’s holdings in Salesforce were worth $1,317,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CRM. Bernard Wealth Management Corp. bought a new position in Salesforce in the fourth quarter valued at about $25,000. Capital A Wealth Management LLC boosted its holdings in Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after buying an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its holdings in Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after buying an additional 85 shares during the last quarter. Abound Financial LLC bought a new position in Salesforce during the first quarter worth about $31,000. Finally, Wood Tarver Financial Group LLC bought a new position in Salesforce during the fourth quarter worth about $35,000. Institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $246.66, for a total transaction of $554,985.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $2,938,108,102.86. This trade represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David Blair Kirk purchased 3,400 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were acquired at an average cost of $254.66 per share, with a total value of $865,844.00. Following the acquisition, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 70,577 shares of company stock valued at $18,005,778 in the last ninety days. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

CRM has been the topic of a number of recent analyst reports. Northland Securities reduced their target price on Salesforce from $423.00 to $396.00 and set an “outperform” rating on the stock in a report on Thursday, May 29th. Stifel Nicolaus cut their price objective on Salesforce from $375.00 to $325.00 and set a “buy” rating on the stock in a report on Wednesday, August 13th. Westpark Capital reiterated a “buy” rating and set a $320.00 price objective on shares of Salesforce in a report on Wednesday, May 28th. Royal Bank Of Canada cut their price objective on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a report on Thursday, September 4th. Finally, The Goldman Sachs Group lifted their price objective on Salesforce from $340.00 to $385.00 and gave the company a “buy” rating in a report on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Salesforce has a consensus rating of “Moderate Buy” and a consensus price target of $332.58.

Salesforce Stock Down 1.5%

Shares of Salesforce stock opened at $242.68 on Monday. The firm has a market cap of $231.03 billion, a PE ratio of 35.27, a P/E/G ratio of 2.21 and a beta of 1.22. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The business’s 50 day simple moving average is $253.21 and its 200 day simple moving average is $264.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. The firm 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 business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. On average, analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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

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.