Westfuller Advisors LLC Sells 128 Shares of Salesforce Inc. $CRM

Westfuller Advisors LLC reduced its stake in Salesforce Inc. (NYSE:CRM) by 12.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 902 shares of the CRM provider’s stock after selling 128 shares during the quarter. Westfuller Advisors LLC’s holdings in Salesforce were worth $246,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bernard Wealth Management Corp. acquired a new position in shares of Salesforce during the fourth quarter valued at about $25,000. Capital A Wealth Management LLC grew its holdings in shares of Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after buying an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its holdings in shares of Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after buying an additional 85 shares during the last quarter. Abound Financial LLC acquired a new position in shares of Salesforce during the first quarter valued at about $31,000. Finally, Christopher J. Hasenberg Inc grew its holdings in shares of Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after buying an additional 92 shares during the last quarter. 80.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CRM shares. BMO Capital Markets reduced their price objective on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Sanford C. Bernstein cut their price target on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a report on Thursday, September 4th. JMP Securities restated a “market outperform” rating and set a $430.00 price target on shares of Salesforce in a report on Tuesday, September 2nd. Robert W. Baird cut their price target on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Finally, Royal Bank Of Canada cut their price target on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $332.58.

Salesforce Stock Performance

Salesforce stock opened at $247.04 on Friday. The firm’s 50 day simple moving average is $250.77 and its 200 day simple moving average is $262.77. The firm has a market capitalization of $235.18 billion, a PE ratio of 35.91, a price-to-earnings-growth ratio of 2.25 and a beta of 1.22. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. 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 issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior 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, analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be paid a $0.416 dividend. The ex-dividend date of this dividend 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 is 24.13%.

Insiders Place Their Bets

In other news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $245.09, for a total value of $551,452.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,919,406,936.39. This represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Blair Kirk acquired 3,400 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was acquired at an average cost of $254.66 per share, with a total value of $865,844.00. Following the purchase, the director directly owned 3,824 shares in the company, valued at $973,819.84. This represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 77,327 shares of company stock valued at $19,651,406 in the last ninety days. 3.00% of the stock is owned by corporate insiders.

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.