Salesforce Inc. $CRM Shares Sold by Keybank National Association OH

Keybank National Association OH lessened its position in Salesforce Inc. (NYSE:CRM) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,286 shares of the CRM provider’s stock after selling 655 shares during the period. Keybank National Association OH’s holdings in Salesforce were worth $8,531,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Diversified Trust Co boosted its position in shares of Salesforce by 30.1% during the 2nd quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider’s stock valued at $7,577,000 after purchasing an additional 6,430 shares in the last quarter. Neville Rodie & Shaw Inc. boosted its position in shares of Salesforce by 4.6% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider’s stock valued at $16,353,000 after purchasing an additional 2,644 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs bought a new position in shares of Salesforce during the 1st quarter valued at about $9,367,000. Jones Financial Companies Lllp boosted its position in shares of Salesforce by 31.2% during the 1st quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider’s stock valued at $93,016,000 after purchasing an additional 81,916 shares in the last quarter. Finally, Howard Capital Management Inc. boosted its position in shares of Salesforce by 25.3% during the 2nd quarter. Howard Capital Management Inc. now owns 11,243 shares of the CRM provider’s stock valued at $3,070,000 after purchasing an additional 2,272 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Price Performance

NYSE CRM opened at $260.55 on Friday. The company has a 50 day simple moving average of $247.52 and a 200-day simple moving average of $258.06. 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 firm has a market capitalization of $248.04 billion, a price-to-earnings ratio of 37.87, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. 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 (EPS) for the quarter, topping 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%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Equities research analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on CRM. Roth Capital restated a “buy” rating and set a $395.00 price objective on shares of Salesforce in a research report on Thursday, September 4th. Oppenheimer reduced their price objective on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a research report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Stifel Nicolaus decreased their target price on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, October 9th. Finally, Wells Fargo & Company decreased their target price on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a report on Thursday, September 4th. Twenty-five equities research 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $325.23.

Insider Activity

In related news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $252.04, for a total transaction of $567,090.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,002,192,354.84. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 78,750 shares of company stock valued at $19,372,928 over the last ninety days. 3.00% of the stock is owned by corporate insiders.

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.