Salesforce Inc. $CRM Stock Holdings Cut by Bingham Private Wealth LLC

Bingham Private Wealth LLC lessened its position in Salesforce Inc. (NYSE:CRM) by 2.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,237 shares of the CRM provider’s stock after selling 47 shares during the period. Bingham Private Wealth LLC’s holdings in Salesforce were worth $610,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Nuveen LLC bought a new position in shares of Salesforce during the 1st quarter valued at about $2,039,196,000. Longview Partners Guernsey LTD acquired a new stake in Salesforce during the first quarter valued at approximately $467,944,000. Pacer Advisors Inc. boosted its holdings in Salesforce by 1,744.0% during the first quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after buying an additional 1,721,550 shares in the last quarter. Vanguard Group Inc. grew its position in Salesforce by 1.6% in the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after buying an additional 1,383,942 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. acquired a new position in Salesforce in the first quarter worth approximately $345,100,000. Institutional investors own 80.43% of the company’s stock.

Salesforce Price Performance

Shares of CRM opened at $245.85 on Tuesday. The business’s 50-day moving average is $246.17 and its 200-day moving average is $259.80. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $234.05 billion, a price-to-earnings ratio of 35.73, a P/E/G ratio of 2.08 and a beta of 1.19. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Equities research analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

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

Analyst Upgrades and Downgrades

CRM has been the subject of several research reports. Royal Bank Of Canada reduced their price objective on Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research note on Thursday, September 4th. Sanford C. Bernstein reduced their target price on Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a report on Thursday, September 4th. Oppenheimer dropped their price target on Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 26th. Barclays cut their price objective on Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. Finally, Piper Sandler dropped their target price on shares of Salesforce from $335.00 to $315.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $332.58.

Insider Buying and Selling at Salesforce

In other news, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the transaction, the director owned 3,824 shares in the company, valued at approximately $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $236.38, for a total value of $531,855.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,815,657,152.98. 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 valued at $19,747,868. 3.00% of the stock is owned by corporate insiders.

Salesforce 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.