Salesforce Inc. $CRM Shares Sold by Waypoint Wealth Partners Inc.

Waypoint Wealth Partners Inc. lessened its holdings in Salesforce Inc. (NYSE:CRM) by 5.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,745 shares of the CRM provider’s stock after selling 100 shares during the period. Waypoint Wealth Partners Inc.’s holdings in Salesforce were worth $476,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bernard Wealth Management Corp. acquired a new stake in shares of Salesforce during the 4th quarter worth approximately $25,000. Wood Tarver Financial Group LLC purchased a new position in Salesforce in the 4th quarter valued at $35,000. Capital A Wealth Management LLC raised its holdings in shares of Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 90 shares during the period. CBIZ Investment Advisory Services LLC increased its position in shares of Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 85 shares during the last quarter. Finally, Abound Financial LLC acquired a new stake in shares of Salesforce during the 1st quarter worth about $31,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Monday, September 15th. The stock was sold at an average price of $242.39, for a total value of $545,377.50. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,887,245,694.69. The trade was a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, with a total value of $865,844.00. Following the transaction, the director owned 3,824 shares in the company, valued at approximately $973,819.84. The trade was a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 75,077 shares of company stock valued at $19,099,953 in the last quarter. Corporate insiders own 3.00% of the company’s stock.

Salesforce Stock Up 1.1%

CRM opened at $242.00 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $230.38 billion, a PE ratio of 35.17, a P/E/G ratio of 2.18 and a beta of 1.22. The stock’s fifty day moving average is $251.39 and its 200-day moving average is $263.58. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share 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 business 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. Salesforce’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. On average, equities analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be given a $0.416 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is currently 24.13%.

Wall Street Analysts Forecast Growth

CRM has been the subject of several research reports. Bank of America dropped their target price on Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a research report on Tuesday, August 26th. Citigroup boosted their target price on Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. Morgan Stanley boosted their price objective on Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. JMP Securities reiterated a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a research note on Tuesday, September 2nd. Finally, KeyCorp dropped their target price on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $332.58.

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.