Salesforce Inc. $CRM Shares Sold by Atlatl Advisers LLC

Atlatl Advisers LLC decreased its stake in Salesforce Inc. (NYSE:CRM) by 4.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,110 shares of the CRM provider’s stock after selling 97 shares during the quarter. Atlatl Advisers LLC’s holdings in Salesforce were worth $575,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Diversified Trust Co grew its position in shares of Salesforce by 30.1% in the second 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 during the period. Neville Rodie & Shaw Inc. grew its position in shares of Salesforce by 4.6% in the second 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 during the period. AG2R LA Mondiale Gestion D Actifs acquired a new position in Salesforce during the first quarter worth about $9,367,000. Jones Financial Companies Lllp boosted its position in Salesforce by 31.2% during the first quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider’s stock worth $93,016,000 after acquiring an additional 81,916 shares during the last quarter. Finally, Wesbanco Bank Inc. boosted its position in Salesforce by 6.8% during the second quarter. Wesbanco Bank Inc. now owns 110,968 shares of the CRM provider’s stock worth $30,260,000 after acquiring an additional 7,091 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

CRM has been the topic of a number of recent research reports. BMO Capital Markets lowered their price target on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Stifel Nicolaus lowered their price target on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, October 9th. KeyCorp lowered their price target on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Wedbush restated an “outperform” rating and set a $375.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Finally, DA Davidson restated a “neutral” rating and set a $225.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $325.23.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $259.01, for a total value of $582,772.50. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $3,085,216,004.71. The trade was a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have sold 78,750 shares of company stock valued at $19,424,880. 3.00% of the stock is currently owned by insiders.

Salesforce Price Performance

Salesforce stock opened at $254.93 on Friday. The company’s 50 day simple moving average is $246.53 and its 200-day simple moving average is $258.17. The company has a market capitalization of $242.69 billion, a price-to-earnings ratio of 37.05, a price-to-earnings-growth ratio of 2.14 and a beta of 1.19. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. 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. The business had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm 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. As a group, equities research analysts expect that Salesforce Inc. will post 7.46 earnings per share 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 payout ratio is 24.13%.

Salesforce 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.