Salesforce Inc. $CRM Shares Sold by RPG Investment Advisory LLC

RPG Investment Advisory LLC lessened its stake in shares of Salesforce Inc. (NYSE:CRM) by 38.1% in the second quarter, Holdings Channel.com reports. The fund owned 48,434 shares of the CRM provider’s stock after selling 29,770 shares during the quarter. Salesforce comprises about 1.6% of RPG Investment Advisory LLC’s holdings, making the stock its 27th biggest position. RPG Investment Advisory LLC’s holdings in Salesforce were worth $13,207,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CRM. Nuveen LLC purchased a new stake in shares of Salesforce during the first quarter valued at $2,039,196,000. Laurel Wealth Advisors LLC increased its stake in Salesforce by 27,361.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,424,169 shares of the CRM provider’s stock worth $933,737,000 after purchasing an additional 3,411,700 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Salesforce by 1,729.6% during the 2nd quarter. Acadian Asset Management LLC now owns 1,973,141 shares of the CRM provider’s stock worth $538,020,000 after buying an additional 1,865,297 shares during the period. Longview Partners Guernsey LTD acquired a new stake in Salesforce during the 1st quarter worth about $467,944,000. Finally, Vanguard Group Inc. lifted its stake in Salesforce by 1.6% during the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after buying an additional 1,383,942 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Insider Activity at Salesforce

In other Salesforce news, Director David Blair Kirk purchased 3,400 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director owned 3,824 shares of the company’s stock, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $248.19, for a total transaction of $558,427.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,956,332,806.49. The trade was a 0.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 58,622 shares of company stock worth $14,501,123. Insiders own 3.00% of the company’s stock.

Salesforce Price Performance

Shares of NYSE:CRM opened at $226.70 on Tuesday. The firm has a market cap of $215.82 billion, a price-to-earnings ratio of 32.95, a P/E/G ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a 1 year low of $221.96 and a 1 year high of $369.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $244.48 and a 200 day simple moving average of $255.57.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating 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 firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the company posted $2.56 earnings per share. The business’s quarterly revenue 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. As a group, sell-side analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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. The ex-dividend date was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce’s dividend payout ratio is currently 24.13%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JMP Securities reissued a “market outperform” rating and issued a $430.00 target price on shares of Salesforce in a research report on Friday, October 17th. Citigroup boosted their target price on shares of Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a research note on Tuesday, September 9th. Needham & Company LLC restated a “buy” rating and issued a $400.00 target price on shares of Salesforce in a report on Thursday, October 16th. KeyCorp lowered their price target on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. Finally, Sanford C. Bernstein reduced their price objective on Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research note on Thursday, September 4th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $323.51.

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.