Metis Global Partners LLC Has $16.05 Million Position in Salesforce Inc. $CRM

Metis Global Partners LLC lowered its stake in Salesforce Inc. (NYSE:CRM) by 9.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 58,874 shares of the CRM provider’s stock after selling 6,081 shares during the period. Metis Global Partners LLC’s holdings in Salesforce were worth $16,054,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after purchasing an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after acquiring an additional 205 shares in the last quarter. Bison Wealth LLC lifted its holdings in shares of Salesforce by 9.0% in the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after acquiring an additional 184 shares during the last quarter. Leavell Investment Management Inc. boosted its stake in shares of Salesforce by 17.3% in the 1st quarter. Leavell Investment Management Inc. now owns 2,894 shares of the CRM provider’s stock valued at $777,000 after purchasing an additional 426 shares in the last quarter. Finally, CFO4Life Group LLC grew its holdings in shares of Salesforce by 12.2% during the 1st quarter. CFO4Life Group LLC now owns 866 shares of the CRM provider’s stock valued at $232,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,876,644,396.50. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David Blair Kirk purchased 3,400 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of the transaction, the director directly owned 3,824 shares in the company, valued at $973,819.84. The trade was a 801.89% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have sold 74,372 shares of company stock worth $18,317,866. 3.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. KeyCorp lowered their target price on Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, September 4th. Northland Securities lowered shares of Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price target for the company. in a report on Tuesday, October 14th. Morgan Stanley upped their price objective on shares of Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Sanford C. Bernstein decreased their price objective on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research report on Thursday, September 4th. Finally, Barclays lowered their target price on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research note on Monday, August 18th. 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $325.23.

Salesforce Stock Performance

CRM opened at $239.92 on Friday. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The company has a market cap of $228.40 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 2.11 and a beta of 1.19. The company’s fifty day moving average price is $247.41 and its two-hundred day moving average price is $258.16. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm posted $2.56 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were issued 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 was Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is currently 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.