Salesforce Inc. $CRM Stake Lowered by Kintegral Advisory LLC

Kintegral Advisory LLC cut its stake in shares of Salesforce Inc. (NYSE:CRM) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,370 shares of the CRM provider’s stock after selling 52 shares during the quarter. Salesforce makes up 0.8% of Kintegral Advisory LLC’s portfolio, making the stock its 24th largest holding. Kintegral Advisory LLC’s holdings in Salesforce were worth $9,387,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Westchester Capital Management Inc. bought a new position in shares of Salesforce during the second quarter valued at approximately $12,151,000. Delaney Dennis R grew its holdings in Salesforce by 24.7% in the 2nd quarter. Delaney Dennis R now owns 7,102 shares of the CRM provider’s stock worth $1,937,000 after buying an additional 1,408 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Salesforce by 0.9% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 82,912 shares of the CRM provider’s stock worth $22,609,000 after buying an additional 778 shares in the last quarter. Concord Asset Management LLC VA grew its holdings in Salesforce by 18.5% in the 2nd quarter. Concord Asset Management LLC VA now owns 9,479 shares of the CRM provider’s stock worth $2,585,000 after buying an additional 1,480 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in Salesforce by 2.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 257,097 shares of the CRM provider’s stock worth $70,108,000 after buying an additional 6,651 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $239.79, for a total value of $539,527.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $2,856,275,610.09. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 76,500 shares of company stock valued at $19,049,130 in the last ninety days. 3.00% of the stock is owned by corporate insiders.

Salesforce Stock Down 1.3%

Shares of Salesforce stock opened at $242.11 on Monday. The stock’s fifty day moving average is $244.68 and its 200-day moving average is $258.64. The firm has a market capitalization of $230.49 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 2.09 and a beta of 1.19. 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 12-month low of $226.48 and a 12-month high of $369.00.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The company 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%.Salesforce’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $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 analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were issued a $0.416 dividend. The ex-dividend date was 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 presently 24.13%.

Wall Street Analysts Forecast Growth

CRM has been the subject of a number of recent analyst reports. Canaccord Genuity Group decreased their price objective on Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Piper Sandler decreased their price objective on Salesforce from $335.00 to $315.00 and set an “overweight” rating for the company in a report on Thursday, September 4th. Citigroup increased their price objective on Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. Macquarie restated a “neutral” rating and issued a $290.00 target price on shares of Salesforce in a research report on Thursday, September 4th. Finally, DA Davidson upgraded Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 target price for the company in a research report on Friday, August 15th. 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. According to MarketBeat, Salesforce currently has a consensus rating of “Moderate Buy” and an average price target of $331.89.

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.