Salesforce Inc. $CRM Shares Sold by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC trimmed its stake in shares of Salesforce Inc. (NYSE:CRM) by 2.8% during the 2nd quarter, Holdings Channel reports. The fund owned 2,225 shares of the CRM provider’s stock after selling 63 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Salesforce were worth $607,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Painted Porch Advisors LLC grew its holdings in Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 65 shares during the period. Capital A Wealth Management LLC grew its holdings in Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 90 shares during the period. CBIZ Investment Advisory Services LLC grew its holdings in Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 85 shares during the period. Abound Financial LLC acquired a new stake in Salesforce in the first quarter valued at approximately $31,000. Finally, Christopher J. Hasenberg Inc grew its holdings in Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after purchasing an additional 92 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $242.44, for a total transaction of $545,490.00. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,887,841,273.24. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David Blair Kirk bought 3,400 shares of Salesforce stock in a transaction on Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the transaction, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 78,750 shares of company stock worth $19,448,213. 3.00% of the stock is currently owned by company insiders.

Salesforce Stock Performance

Shares of NYSE:CRM opened at $256.78 on Thursday. 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 $244.45 billion, a PE ratio of 37.32, a P/E/G ratio of 2.17 and a beta of 1.19. 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 business’s 50 day moving average price is $245.85 and its 200-day moving average price is $257.92.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the business posted $2.56 earnings per share. The firm’s 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. As a group, equities research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were given a dividend of $0.416 per share. The ex-dividend date was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.6%. Salesforce’s dividend payout ratio (DPR) is presently 24.13%.

Analyst Ratings Changes

Several analysts have commented on the company. Wells Fargo & Company dropped 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. Stifel Nicolaus dropped their price objective on Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. Northland Securities lowered Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price objective on the stock. in a report on Tuesday, October 14th. JPMorgan Chase & Co. dropped their price objective on Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $430.00 price target on shares of Salesforce in a research note on Friday, October 17th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $325.23.

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.