Balboa Wealth Partners Decreases Stock Position in Salesforce Inc. $CRM

Balboa Wealth Partners cut its holdings in Salesforce Inc. (NYSE:CRM) by 13.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,286 shares of the CRM provider’s stock after selling 199 shares during the quarter. Balboa Wealth Partners’ holdings in Salesforce were worth $351,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new position in shares of Salesforce in the first quarter worth about $2,039,196,000. Longview Partners Guernsey LTD purchased a new position in shares of Salesforce in the first quarter worth about $467,944,000. Pacer Advisors Inc. raised its stake 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 worth $488,486,000 after purchasing an additional 1,721,550 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Salesforce by 1.6% in the first 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 during the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new position in shares of Salesforce in the first quarter worth about $345,100,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce Price Performance

Salesforce stock opened at $254.31 on Tuesday. The company’s fifty day moving average price is $244.81 and its 200 day moving average price is $257.89. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The stock has a market capitalization of $242.10 billion, a P/E ratio of 36.96, a P/E/G ratio of 2.04 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the company earned $2.56 EPS. The firm’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. As a group, equities research analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Stifel Nicolaus reduced their price objective on Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, October 9th. Needham & Company LLC restated a “buy” rating and issued a $400.00 price objective on shares of Salesforce in a research note on Thursday, October 16th. Weiss Ratings restated a “hold (c)” rating on shares of Salesforce in a research note on Tuesday, October 14th. Northland Securities lowered Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 target price on the stock. in a report on Tuesday, October 14th. Finally, Barclays dropped their target price on Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and an average target price of $325.23.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $244.64, for a total value of $550,440.00. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,914,046,729.44. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 78,750 shares of company stock valued at $19,480,343 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.