Beacon Capital Management LLC Sells 141 Shares of Salesforce Inc. $CRM

Beacon Capital Management LLC trimmed its holdings in shares of Salesforce Inc. (NYSE:CRM) by 9.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,326 shares of the CRM provider’s stock after selling 141 shares during the period. Beacon Capital Management LLC’s holdings in Salesforce were worth $362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CRM. Nuveen LLC bought a new position in Salesforce during the 1st quarter worth about $2,039,196,000. Longview Partners Guernsey LTD bought a new position in Salesforce during the 1st quarter worth about $467,944,000. Pacer Advisors Inc. grew its holdings in Salesforce by 1,744.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after acquiring an additional 1,721,550 shares in the last quarter. Vanguard Group Inc. raised its holdings in Salesforce by 1.6% in the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after purchasing an additional 1,383,942 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. bought a new position in Salesforce in the first quarter worth about $345,100,000. 80.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $269.38, for a total value of $606,105.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,208,738,995.98. The trade was a 0.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David Blair Kirk bought 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average price of $254.66 per share, with a total value 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 trade represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 78,750 shares of company stock valued at $19,955,745. 3.00% of the stock is currently owned by corporate insiders.

Salesforce Stock Up 1.1%

Shares of CRM stock opened at $243.58 on Friday. The stock’s 50-day simple moving average is $249.32 and its 200-day simple moving average is $261.53. 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 firm has a market capitalization of $231.89 billion, a PE ratio of 35.40, a P/E/G ratio of 2.22 and a beta of 1.22. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00.

Salesforce (NYSE:CRM) last announced its quarterly earnings data 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. The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Equities analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be issued a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is 24.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Sanford C. Bernstein reduced their target price on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a report on Thursday, September 4th. JMP Securities reiterated a “market outperform” rating and issued a $430.00 target price on shares of Salesforce in a report on Tuesday, September 2nd. Macquarie reiterated a “neutral” rating and issued a $290.00 target price on shares of Salesforce in a report on Thursday, September 4th. Stifel Nicolaus reduced their target price on shares of Salesforce from $375.00 to $325.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Finally, Piper Sandler reduced their target price on shares of Salesforce from $335.00 to $315.00 and set an “overweight” rating for the company in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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.