Bangor Savings Bank Has $1.97 Million Stock Holdings in Salesforce Inc. $CRM

Bangor Savings Bank decreased its holdings in Salesforce Inc. (NYSE:CRM) by 6.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,220 shares of the CRM provider’s stock after selling 487 shares during the quarter. Bangor Savings Bank’s holdings in Salesforce were worth $1,969,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Salesforce by 13.7% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,353 shares of the CRM provider’s stock valued at $642,000 after buying an additional 283 shares in the last quarter. Salem Investment Counselors Inc. raised its stake in shares of Salesforce by 6.7% in the 2nd quarter. Salem Investment Counselors Inc. now owns 4,328 shares of the CRM provider’s stock valued at $1,181,000 after buying an additional 271 shares in the last quarter. Aletheian Wealth Advisors LLC acquired a new position in shares of Salesforce in the 2nd quarter valued at $234,000. Centurion Wealth Management LLC raised its stake in shares of Salesforce by 12.2% in the 2nd quarter. Centurion Wealth Management LLC now owns 2,011 shares of the CRM provider’s stock valued at $549,000 after buying an additional 218 shares in the last quarter. Finally, Douglas Lane & Associates LLC raised its stake in shares of Salesforce by 35.6% in the 2nd quarter. Douglas Lane & Associates LLC now owns 201,589 shares of the CRM provider’s stock valued at $54,971,000 after buying an additional 52,956 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CRM shares. KeyCorp dropped their target price on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. Barclays dropped their target price on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research report on Monday, August 18th. DA Davidson upgraded shares of Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 target price for the company in a research report on Friday, August 15th. Bank of America dropped their target price on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a research report on Tuesday, August 26th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $400.00 target price on shares of Salesforce in a research report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $332.58.

Salesforce Stock Down 1.5%

Shares of NYSE:CRM opened at $242.68 on Friday. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The company’s 50-day moving average price is $253.21 and its two-hundred day moving average price is $264.50. 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 market cap of $231.03 billion, a P/E ratio of 35.27, a P/E/G ratio of 2.24 and a beta of 1.22.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping 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 analyst estimates of $10.14 billion. During the same quarter in the prior year, the firm earned $2.56 EPS. The company’s revenue 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. As a group, research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be issued a dividend of $0.416 per share. The ex-dividend date of this dividend is 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%.

Insider Activity

In other Salesforce news, Director David Blair Kirk bought 3,400 shares of Salesforce stock in a transaction dated Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, with a total value of $865,844.00. Following the purchase, 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total transaction of $578,295.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,061,511,978.42. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,577 shares of company stock worth $18,005,778 in the last ninety days. 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.