Salesforce Inc. $CRM Stock Position Decreased by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC cut its position in shares of Salesforce Inc. (NYSE:CRM) by 30.3% in the second quarter, Holdings Channel reports. The firm owned 17,092 shares of the CRM provider’s stock after selling 7,413 shares during the period. Sagespring Wealth Partners LLC’s holdings in Salesforce were worth $4,661,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Coign Capital Advisors LLC raised its stake in shares of Salesforce by 1.7% during the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock worth $586,000 after purchasing an additional 37 shares in the last quarter. Staley Capital Advisers Inc. raised its stake in shares of Salesforce by 1.1% during the 1st quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock worth $897,000 after purchasing an additional 38 shares in the last quarter. KDT Advisors LLC raised its stake in shares of Salesforce by 4.1% during the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock worth $260,000 after purchasing an additional 38 shares in the last quarter. Liberty One Investment Management LLC increased its holdings in shares of Salesforce by 1.2% during the 1st quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock valued at $849,000 after acquiring an additional 39 shares during the last quarter. Finally, First Command Advisory Services Inc. increased its holdings in shares of Salesforce by 7.3% during the 1st quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock valued at $154,000 after acquiring an additional 39 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Price Performance

Shares of NYSE:CRM opened at $248.77 on Tuesday. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The firm has a market capitalization of $236.83 billion, a PE ratio of 36.16, a PEG ratio of 2.09 and a beta of 1.19. The business’s 50 day moving average is $244.61 and its 200-day moving average is $258.49. 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 (NYSE:CRM) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share 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 for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the firm earned $2.56 EPS. Salesforce’s revenue for the quarter 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. Sell-side analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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

Analyst Upgrades and Downgrades

CRM has been the topic of a number of analyst reports. Wells Fargo & Company lowered their price objective on Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Salesforce in a report on Saturday, September 27th. UBS Group lowered their price objective on Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a report on Monday, August 18th. Macquarie reissued a “neutral” rating and set a $290.00 price objective on shares of Salesforce in a report on Thursday, September 4th. Finally, KeyCorp lowered their price objective on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. Twenty-six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $331.89.

Insider Buying and Selling at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $239.79, for a total transaction of $539,527.50. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,856,275,610.09. This trade represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 76,500 shares of company stock worth $19,049,130. 3.00% of the stock is currently owned by company 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.