Alpine Bank Wealth Management Sells 135 Shares of Salesforce Inc. $CRM

Alpine Bank Wealth Management decreased its holdings in shares of Salesforce Inc. (NYSE:CRM) by 13.7% in the second quarter, HoldingsChannel reports. The firm owned 851 shares of the CRM provider’s stock after selling 135 shares during the quarter. Alpine Bank Wealth Management’s holdings in Salesforce were worth $232,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Hanson & Doremus Investment Management raised its position in Salesforce by 6.9% during the 2nd quarter. Hanson & Doremus Investment Management now owns 607 shares of the CRM provider’s stock valued at $166,000 after purchasing an additional 39 shares during the last quarter. Albion Financial Group UT grew its holdings in shares of Salesforce by 82.9% during the 2nd quarter. Albion Financial Group UT now owns 44,450 shares of the CRM provider’s stock worth $12,121,000 after acquiring an additional 20,145 shares during the period. V Square Quantitative Management LLC grew its holdings in shares of Salesforce by 1.1% during the 2nd quarter. V Square Quantitative Management LLC now owns 24,426 shares of the CRM provider’s stock worth $6,661,000 after acquiring an additional 254 shares during the period. Sound Income Strategies LLC grew its holdings in shares of Salesforce by 59.1% during the 2nd quarter. Sound Income Strategies LLC now owns 923 shares of the CRM provider’s stock worth $252,000 after acquiring an additional 343 shares during the period. Finally, Investment Research & Advisory Group Inc. grew its holdings in shares of Salesforce by 1.2% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 15,260 shares of the CRM provider’s stock worth $4,161,000 after acquiring an additional 188 shares during the period. Institutional investors own 80.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CRM shares. Barclays reduced their target price on Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. JMP Securities reiterated a “market outperform” rating and set a $430.00 target price on shares of Salesforce in a report on Tuesday, September 2nd. Oppenheimer reduced their target price on Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, August 26th. JPMorgan Chase & Co. reduced their target price on Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. Finally, Erste Group Bank downgraded Salesforce from a “buy” rating to a “hold” rating in a report on Thursday, June 5th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $332.58.

Salesforce Stock Performance

Shares of CRM opened at $243.58 on Monday. The business’s fifty day simple moving average is $249.32 and its two-hundred day simple moving average is $261.46. 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 Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The company has a market cap of $231.89 billion, a price-to-earnings ratio of 35.40, a P/E/G ratio of 2.22 and a beta of 1.22.

Salesforce (NYSE:CRM) last issued its 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. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the business posted $2.56 EPS. The company’s revenue 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. Research analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be 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 is Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is currently 24.13%.

Insider Buying and Selling at Salesforce

In other news, Director David Blair Kirk purchased 3,400 shares of the stock in a transaction dated Tuesday, September 9th. The shares were purchased 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 of the company’s stock, valued at $973,819.84. This represents a 801.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $245.85, for a total value of $553,162.50. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,928,459,730.35. 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 quarter, insiders have sold 78,750 shares of company stock worth $19,955,745. Company insiders own 3.00% of the company’s stock.

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.