Berkshire Money Management Inc. Sells 155 Shares of Salesforce Inc. $CRM

Berkshire Money Management Inc. trimmed its position in Salesforce Inc. (NYSE:CRM) by 16.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 793 shares of the CRM provider’s stock after selling 155 shares during the period. Berkshire Money Management Inc.’s holdings in Salesforce were worth $216,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CRM. Valley National Advisers Inc. boosted its stake in Salesforce by 1.0% in the 2nd quarter. Valley National Advisers Inc. now owns 9,740 shares of the CRM provider’s stock worth $2,655,000 after purchasing an additional 96 shares in the last quarter. Eads & Heald Wealth Management grew its holdings in shares of Salesforce by 7.5% in the second quarter. Eads & Heald Wealth Management now owns 3,342 shares of the CRM provider’s stock worth $911,000 after acquiring an additional 232 shares during the period. Duncan Williams Asset Management LLC increased its position in shares of Salesforce by 15.3% during the 2nd quarter. Duncan Williams Asset Management LLC now owns 3,616 shares of the CRM provider’s stock valued at $986,000 after purchasing an additional 480 shares during the last quarter. Appleton Partners Inc. MA boosted its stake in shares of Salesforce by 2.6% during the 2nd quarter. Appleton Partners Inc. MA now owns 2,355 shares of the CRM provider’s stock worth $642,000 after acquiring an additional 59 shares during the last quarter. Finally, Sendero Wealth Management LLC purchased a new position in shares of Salesforce during the 2nd quarter valued at about $5,389,000. Institutional investors own 80.43% of the company’s stock.

Salesforce Price Performance

NYSE:CRM opened at $240.25 on Monday. The stock’s fifty day moving average is $246.66 and its two-hundred day moving average is $260.05. The company has a market capitalization of $228.72 billion, a P/E ratio of 34.92, a P/E/G ratio of 2.08 and a beta of 1.19. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. 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 (NYSE:CRM) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the business posted $2.56 earnings per share. The business’s quarterly 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. Equities analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on CRM shares. Citigroup lifted their target price on Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a research note on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Robert W. Baird cut their price objective on Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Finally, Stifel Nicolaus cut their target price on shares of Salesforce from $375.00 to $325.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $332.58.

Insider Activity

In related news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $251.94, for a total value of $566,865.00. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $3,001,001,197.74. This represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David Blair Kirk purchased 3,400 shares of Salesforce stock in a transaction on Tuesday, September 9th. The stock was acquired at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 78,750 shares of company stock worth $19,747,868 in the last 90 days. 3.00% of the stock is currently owned by insiders.

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.