Salesforce Inc. $CRM Shares Sold by First County Bank CT

First County Bank CT decreased its holdings in Salesforce Inc. (NYSE:CRM) by 12.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,682 shares of the CRM provider’s stock after selling 1,063 shares during the quarter. Salesforce comprises about 1.1% of First County Bank CT’s portfolio, making the stock its 23rd biggest position. First County Bank CT’s holdings in Salesforce were worth $2,095,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CRM. Brighton Jones LLC boosted its position in shares of Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after purchasing an additional 3,102 shares in the last quarter. Revolve Wealth Partners LLC boosted its position 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 purchasing an additional 205 shares in the last quarter. Bison Wealth LLC boosted its position in shares of Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after purchasing an additional 184 shares in the last quarter. AdvisorNet Financial Inc boosted its position in shares of Salesforce by 4.2% in the 1st quarter. AdvisorNet Financial Inc now owns 2,640 shares of the CRM provider’s stock worth $708,000 after purchasing an additional 106 shares in the last quarter. Finally, Somerset Trust Co boosted its position in shares of Salesforce by 17.4% in the 1st quarter. Somerset Trust Co now owns 1,017 shares of the CRM provider’s stock worth $273,000 after purchasing an additional 151 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Price Performance

Shares of Salesforce stock opened at $243.58 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The business has a 50-day moving average price of $249.32 and a 200 day moving average price of $261.46. The firm has a market cap of $231.89 billion, a PE ratio of 35.40, a P/E/G ratio of 2.22 and a beta of 1.22.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping 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 company had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the business earned $2.56 EPS. Salesforce’s quarterly 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. Sell-side analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The company also recently disclosed 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 payout ratio is 24.13%.

Wall Street Analyst Weigh In

A number of analysts have commented on CRM shares. Piper Sandler lowered their price target on Salesforce from $335.00 to $315.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. Royal Bank Of Canada lowered their price target on Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research report on Thursday, September 4th. Stifel Nicolaus lowered their price target on Salesforce from $375.00 to $325.00 and set a “buy” rating for the company in a research report on Wednesday, August 13th. UBS Group lowered their price target on Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a research report on Monday, August 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price target on shares of Salesforce in a research report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $332.58.

Insider Activity at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $245.85, for a total transaction of $553,162.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,928,459,730.35. The trade was a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were purchased at an average price 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 $973,819.84. This represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 78,750 shares of company stock valued at $19,955,745. 3.00% of the stock is owned by company insiders.

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.