Salesforce Inc. $CRM Stock Position Lowered by Avion Wealth

Avion Wealth decreased its position in Salesforce Inc. (NYSE:CRM) by 46.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105 shares of the CRM provider’s stock after selling 91 shares during the quarter. Avion Wealth’s holdings in Salesforce were worth $28,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after purchasing an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after buying an additional 205 shares in the last quarter. Bison Wealth LLC lifted its position in shares of Salesforce by 9.0% during the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after acquiring an additional 184 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Salesforce by 13.9% during the 1st quarter. GAMMA Investing LLC now owns 14,166 shares of the CRM provider’s stock worth $3,802,000 after acquiring an additional 1,725 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Salesforce by 5.0% in the 1st quarter. International Assets Investment Management LLC now owns 3,517 shares of the CRM provider’s stock worth $944,000 after acquiring an additional 166 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $259.01, for a total value of $582,772.50. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,085,216,004.71. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 78,750 shares of company stock valued at $19,424,880. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on CRM shares. Robert W. Baird reduced their target price on Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Northland Securities lowered shares of Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price objective for the company. in a research note on Tuesday, October 14th. Wedbush reissued an “outperform” rating and issued a $375.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Royal Bank Of Canada reduced their price target on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research report on Thursday, September 4th. Finally, Oppenheimer decreased their price objective on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Tuesday, August 26th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and an average target price of $325.23.

Salesforce Stock Performance

Shares of CRM opened at $255.10 on Friday. The company has a market capitalization of $242.86 billion, a PE ratio of 37.08, a PEG ratio of 2.15 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The company’s 50 day moving average price is $246.28 and its 200 day moving average price is $257.99. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00.

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

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were paid a dividend of $0.416 per share. The ex-dividend date of this dividend 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 (DPR) is 24.13%.

Salesforce Company 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.