Salesforce Inc. $CRM Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its stake in shares of Salesforce Inc. (NYSE:CRM) by 12.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 316,558 shares of the CRM provider’s stock after selling 43,377 shares during the period. Los Angeles Capital Management LLC’s holdings in Salesforce were worth $86,322,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Nuveen LLC purchased a new position in shares of Salesforce in the first quarter valued at $2,039,196,000. Longview Partners Guernsey LTD acquired a new position in Salesforce during the first quarter worth about $467,944,000. Pacer Advisors Inc. grew its position in shares of Salesforce by 1,744.0% in the first quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock valued at $488,486,000 after purchasing an additional 1,721,550 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Salesforce by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after purchasing an additional 1,383,942 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. acquired a new position in shares of Salesforce during the 1st quarter worth approximately $345,100,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $400.00 price target on shares of Salesforce in a report on Thursday, October 16th. JMP Securities restated a “market outperform” rating and issued a $430.00 price target on shares of Salesforce in a report on Friday, October 17th. Deutsche Bank Aktiengesellschaft lowered 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. Royal Bank Of Canada dropped their price target on Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research note on Thursday, September 4th. Finally, Robert W. Baird reduced their target price on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $325.23.

Salesforce Price Performance

Shares of NYSE:CRM opened at $239.92 on Friday. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The firm has a 50-day simple moving average of $247.41 and a 200 day simple moving average of $258.16. The company has a market cap of $228.40 billion, a PE ratio of 34.87, a P/E/G ratio of 2.11 and a beta of 1.19.

Salesforce (NYSE:CRM) last issued 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. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the company posted $2.56 EPS. The business’s revenue for the quarter 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. On average, sell-side analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were paid a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s dividend payout ratio is currently 24.13%.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $241.50, for a total transaction of $543,375.00. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $2,876,644,396.50. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Blair Kirk purchased 3,400 shares of the company’s 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 completion of the transaction, the director owned 3,824 shares of the company’s stock, 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 74,372 shares of company stock valued at $18,317,866 over the last quarter. Insiders own 3.00% of the company’s stock.

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.