New Wave Wealth Advisors LLC Has $308,000 Stock Holdings in Salesforce Inc. $CRM

New Wave Wealth Advisors LLC cut its stake in Salesforce Inc. (NYSE:CRM) by 10.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,129 shares of the CRM provider’s stock after selling 131 shares during the quarter. New Wave Wealth Advisors LLC’s holdings in Salesforce were worth $308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CRM. Nuveen LLC acquired a new position in shares of Salesforce in the first quarter worth $2,039,196,000. Longview Partners Guernsey LTD acquired a new position in Salesforce during the first quarter worth $467,944,000. Pacer Advisors Inc. increased its position in Salesforce by 1,744.0% during the first quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after buying an additional 1,721,550 shares during the last quarter. Vanguard Group Inc. increased its position in Salesforce by 1.6% during the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after buying an additional 1,383,942 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. acquired a new position in Salesforce during the first quarter worth $345,100,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Down 0.5%

Shares of CRM opened at $235.72 on Thursday. The stock has a market cap of $224.40 billion, a price-to-earnings ratio of 34.26, a P/E/G ratio of 2.16 and a beta of 1.19. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The company has a 50-day moving average price of $247.81 and a two-hundred day moving average price of $260.87.

Salesforce (NYSE:CRM) last announced 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 during the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last 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 predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently announced 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 is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce’s payout ratio is 24.13%.

Insider Buying and Selling

In related news, Director David Blair Kirk purchased 3,400 shares of the stock in a transaction that occurred 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 completion of the acquisition, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. This trade represents a 801.89% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $244.53, for a total transaction of $550,192.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,912,736,456.63. This represents a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 78,750 shares of company stock valued at $19,825,358. 3.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on CRM shares. KeyCorp lowered their target price on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Wells Fargo & Company decreased their price target on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company 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. Cantor Fitzgerald restated an “overweight” rating and set a $325.00 price target on shares of Salesforce in a report on Thursday, September 4th. Finally, Erste Group Bank cut shares of Salesforce from a “buy” rating to a “hold” rating in a report on Thursday, June 5th. Twenty-six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $332.58.

Salesforce Company 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.