CVA Family Office LLC Sells 121 Shares of Salesforce Inc. $CRM

CVA Family Office LLC trimmed its holdings in shares of Salesforce Inc. (NYSE:CRM) by 6.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,764 shares of the CRM provider’s stock after selling 121 shares during the quarter. CVA Family Office LLC’s holdings in Salesforce were worth $481,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Brian Low Financial Group LLC purchased a new position in shares of Salesforce during the 2nd quarter worth $1,194,000. AG2R LA Mondiale Gestion D Actifs increased its stake in shares of Salesforce by 1.4% in the 2nd quarter. AG2R LA Mondiale Gestion D Actifs now owns 35,774 shares of the CRM provider’s stock worth $9,755,000 after purchasing an additional 477 shares in the last quarter. City State Bank raised its holdings in Salesforce by 2.0% in the 2nd quarter. City State Bank now owns 2,563 shares of the CRM provider’s stock worth $699,000 after purchasing an additional 50 shares during the period. Leelyn Smith LLC raised its holdings in Salesforce by 8.6% in the 2nd quarter. Leelyn Smith LLC now owns 7,868 shares of the CRM provider’s stock worth $2,145,000 after purchasing an additional 622 shares during the period. Finally, Carrera Capital Advisors lifted its position in Salesforce by 167.1% during the second quarter. Carrera Capital Advisors now owns 2,182 shares of the CRM provider’s stock valued at $596,000 after purchasing an additional 1,365 shares in the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on CRM. JMP Securities restated a “market outperform” rating and set a $430.00 target price on shares of Salesforce in a research note on Friday, October 17th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Canaccord Genuity Group dropped their target price on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Morgan Stanley increased their price target on Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Finally, KeyCorp lowered their price objective on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Salesforce presently has an average rating of “Moderate Buy” and a consensus target price of $325.23.

Salesforce Price Performance

Shares of Salesforce stock opened at $254.93 on Friday. The firm has a market cap of $242.69 billion, a PE ratio of 37.05, a PEG ratio of 2.14 and a beta of 1.19. The stock has a 50 day moving average of $246.53 and a 200 day moving average of $258.17. 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 Inc. has a 12 month low of $226.48 and a 12 month high of $369.00.

Salesforce (NYSE:CRM) last released its quarterly earnings data 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 business had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, research analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders 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 annualized dividend and a yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is 24.13%.

Insiders Place Their Bets

In other Salesforce news, Director David Blair Kirk bought 3,400 shares of Salesforce stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $246.07, for a total transaction of $553,657.50. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,931,080,275.97. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,750 shares of company stock valued at $19,424,880 over the last three months. Corporate insiders own 3.00% of the company’s stock.

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.