Salesforce Inc. $CRM Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC cut its stake in Salesforce Inc. (NYSE:CRM) by 35.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 192,828 shares of the CRM provider’s stock after selling 104,350 shares during the period. Riverbridge Partners LLC’s holdings in Salesforce were worth $52,582,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Harrell Investment Partners LLC boosted its position in shares of Salesforce by 4.6% in the second quarter. Harrell Investment Partners LLC now owns 12,746 shares of the CRM provider’s stock worth $3,476,000 after acquiring an additional 555 shares during the last quarter. Missouri Trust & Investment Co boosted its position in shares of Salesforce by 2.2% in the second quarter. Missouri Trust & Investment Co now owns 9,698 shares of the CRM provider’s stock worth $2,645,000 after acquiring an additional 213 shares during the last quarter. Regatta Capital Group LLC boosted its position in shares of Salesforce by 1.4% in the second quarter. Regatta Capital Group LLC now owns 6,741 shares of the CRM provider’s stock worth $1,838,000 after acquiring an additional 95 shares during the last quarter. Wealth Effects LLC boosted its position in shares of Salesforce by 5.2% in the second quarter. Wealth Effects LLC now owns 1,110 shares of the CRM provider’s stock worth $303,000 after acquiring an additional 55 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC boosted its position in shares of Salesforce by 16.6% in the second quarter. Foster Victor Wealth Advisors LLC now owns 59,099 shares of the CRM provider’s stock worth $16,011,000 after acquiring an additional 8,393 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Trading Up 0.5%

NYSE CRM opened at $245.85 on Thursday. The company’s fifty day simple moving average is $250.07 and its 200-day simple moving average is $262.14. Salesforce Inc. has a 52 week low of $226.48 and a 52 week 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. The stock has a market cap of $234.05 billion, a P/E ratio of 35.73, a PEG ratio of 2.23 and a beta of 1.22.

Salesforce (NYSE:CRM) last posted its 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. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the previous year, the company posted $2.56 earnings per share. The business’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. Equities research analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be 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 is Wednesday, September 17th. Salesforce’s payout ratio is 24.13%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CRM. Sanford C. Bernstein reduced their price target on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research report on Thursday, September 4th. Wells Fargo & Company reduced their price target on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 4th. Roth Capital reaffirmed a “buy” rating and set a $395.00 price target on shares of Salesforce in a research report on Thursday, September 4th. Robert W. Baird reduced their price target on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price target on shares of Salesforce in a research 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 given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $332.58.

Insiders Place Their Bets

In related news, Director David Blair Kirk purchased 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director owned 3,824 shares in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $248.19, for a total transaction of $558,427.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,956,332,806.49. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,500 shares of company stock valued at $19,402,583. Insiders own 3.00% of the company’s stock.

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.