Forbes J M & Co. LLP Has $10.18 Million Position in Salesforce Inc. $CRM

Forbes J M & Co. LLP reduced its holdings in Salesforce Inc. (NYSE:CRM) by 1.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 37,315 shares of the CRM provider’s stock after selling 626 shares during the quarter. Forbes J M & Co. LLP’s holdings in Salesforce were worth $10,175,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Painted Porch Advisors LLC lifted its holdings in Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after buying an additional 65 shares during the period. Capital A Wealth Management LLC increased its stake in Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its stake in Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 85 shares in the last quarter. Abound Financial LLC bought a new stake in Salesforce in the first quarter valued at approximately $31,000. Finally, Christopher J. Hasenberg Inc increased its stake in Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after purchasing an additional 92 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on CRM. Macquarie reaffirmed a “neutral” rating and issued a $290.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a research note on Thursday, September 4th. Piper Sandler lowered their target price on shares of Salesforce from $335.00 to $315.00 and set an “overweight” rating for the company in a research note on Thursday, September 4th. Stifel Nicolaus lowered their target price on shares of Salesforce from $375.00 to $325.00 and set a “buy” rating for the company in a research note on Wednesday, August 13th. Finally, KeyCorp lowered their target price on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $332.58.

Salesforce Stock Performance

Shares of CRM opened at $236.92 on Wednesday. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The firm has a fifty day simple moving average of $248.44 and a 200 day simple moving average of $261.05. The stock has a market capitalization of $225.55 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 2.23 and a beta of 1.22. 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 announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the company posted $2.56 earnings per share. The firm’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. Research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal 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. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce’s dividend payout ratio is presently 24.13%.

Insider Buying and Selling at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $269.11, for a total transaction of $605,497.50. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,205,522,871.81. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Blair Kirk purchased 3,400 shares of the business’s stock in a transaction 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 purchase, the director owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 81,000 shares of company stock valued at $20,439,405 in the last 90 days. 3.00% of the stock is currently 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.