Putney Financial Group LLC Reduces Stock Position in Salesforce Inc. $CRM

Putney Financial Group LLC cut its holdings in Salesforce Inc. (NYSE:CRM) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,820 shares of the CRM provider’s stock after selling 165 shares during the quarter. Salesforce makes up approximately 0.8% of Putney Financial Group LLC’s holdings, making the stock its 23rd largest holding. Putney Financial Group LLC’s holdings in Salesforce were worth $1,042,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC boosted its holdings in Salesforce by 13.7% in the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after acquiring an additional 3,102 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after purchasing an additional 205 shares during the period. Bison Wealth LLC increased its position in shares of Salesforce by 9.0% during the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after buying an additional 184 shares during the period. Golden State Wealth Management LLC raised its stake in Salesforce by 23.7% in the first quarter. Golden State Wealth Management LLC now owns 1,931 shares of the CRM provider’s stock worth $518,000 after buying an additional 370 shares in the last quarter. Finally, Clear Creek Financial Management LLC lifted its holdings in Salesforce by 16.1% in the first quarter. Clear Creek Financial Management LLC now owns 1,262 shares of the CRM provider’s stock worth $339,000 after buying an additional 175 shares during the period. Institutional investors own 80.43% of the company’s stock.

Salesforce Stock Performance

Shares of Salesforce stock opened at $256.90 on Friday. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The firm’s 50-day moving average is $247.26 and its 200 day moving average is $258.02. The stock has a market cap of $244.57 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 2.11 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.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. Salesforce’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business earned $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. Sell-side analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

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

Wall Street Analyst Weigh In

CRM has been the topic of a number of research analyst reports. Oppenheimer reduced their target price on Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, August 26th. Piper Sandler reaffirmed an “overweight” rating and issued a $315.00 price target on shares of Salesforce in a research note on Thursday, October 16th. Wall Street Zen raised Salesforce from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Wells Fargo & Company reduced their target price on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 4th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.23.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $248.56, for a total transaction of $559,260.00. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,960,740,087.76. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the acquisition, the director directly owned 3,824 shares in the company, valued at $973,819.84. This represents a 801.89% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 78,750 shares of company stock worth $19,372,928 over the last ninety days. 3.00% of the stock is currently owned by insiders.

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.