Drucker Wealth 3.0 LLC Decreases Stake in Salesforce Inc. $CRM

Drucker Wealth 3.0 LLC lowered its position in Salesforce Inc. (NYSE:CRM) by 25.7% in the second quarter, Holdings Channel reports. The fund owned 2,405 shares of the CRM provider’s stock after selling 832 shares during the period. Drucker Wealth 3.0 LLC’s holdings in Salesforce were worth $652,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CRM. Painted Porch Advisors LLC lifted its position in shares of Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after buying an additional 65 shares during the last quarter. Capital A Wealth Management LLC lifted its position in shares of Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after buying an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its position in shares of Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after buying an additional 85 shares during the last quarter. Abound Financial LLC purchased a new stake in shares of Salesforce during the 1st quarter worth approximately $31,000. Finally, Christopher J. Hasenberg Inc lifted its position in shares of Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after buying an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Analysts Set New Price Targets

CRM has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Salesforce in a research report on Saturday, September 27th. Royal Bank Of Canada reduced their price target on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research report on Thursday, September 4th. Wall Street Zen upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a research report on Saturday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $325.00 price target on shares of Salesforce in a research report on Thursday, September 4th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $430.00 price target on shares of Salesforce in a research report on Tuesday, September 2nd. Twenty-six analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $331.89.

Insiders Place Their Bets

In related news, Director David Blair Kirk purchased 3,400 shares of the stock in a transaction dated Tuesday, September 9th. The shares were 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 trade represents a 801.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $248.40, for a total transaction of $558,900.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,958,834,236.40. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,750 shares of company stock worth $19,634,805. Corporate insiders own 3.00% of the company’s stock.

Salesforce Stock Performance

Shares of CRM opened at $242.11 on Friday. 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 stock has a market capitalization of $230.49 billion, a P/E ratio of 35.19, a P/E/G ratio of 2.09 and a beta of 1.19. The company’s fifty day moving average is $244.68 and its two-hundred day moving average is $258.77. Salesforce Inc. has a 1 year low of $226.48 and a 1 year 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 (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. The company had revenue of $10.24 billion for 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%. Salesforce’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $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. On average, sell-side analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were paid a dividend of $0.416 per share. The ex-dividend date of this dividend was 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%.

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.