Jag Capital Management LLC Sells 27,792 Shares of Salesforce Inc. $CRM

Jag Capital Management LLC trimmed its holdings in Salesforce Inc. (NYSE:CRM) by 94.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,704 shares of the CRM provider’s stock after selling 27,792 shares during the period. Jag Capital Management LLC’s holdings in Salesforce were worth $465,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Cornerstone Wealth Group LLC lifted its position in Salesforce by 4.9% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,688 shares of the CRM provider’s stock valued at $733,000 after acquiring an additional 125 shares in the last quarter. Hudson Capital Management LLC lifted its holdings in shares of Salesforce by 3.4% in the second quarter. Hudson Capital Management LLC now owns 17,209 shares of the CRM provider’s stock valued at $4,693,000 after purchasing an additional 563 shares in the last quarter. Community Bank N.A. lifted its holdings in shares of Salesforce by 11.4% in the second quarter. Community Bank N.A. now owns 6,424 shares of the CRM provider’s stock valued at $1,752,000 after purchasing an additional 657 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of Salesforce by 2.6% in the second quarter. Verdence Capital Advisors LLC now owns 2,275 shares of the CRM provider’s stock valued at $620,000 after purchasing an additional 57 shares in the last quarter. Finally, Westchester Capital Management Inc. bought a new position in shares of Salesforce in the second quarter valued at approximately $12,151,000. Institutional investors own 80.43% of the company’s stock.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $239.79, for a total transaction of $539,527.50. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $2,856,275,610.09. The trade was a 0.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 76,500 shares of company stock worth $19,049,130. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CRM has been the topic of several recent analyst reports. Bank of America dropped their price objective on Salesforce from $350.00 to $325.00 and set a “buy” rating on the stock in a research note on Tuesday, August 26th. DA Davidson raised shares of Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 price target on the stock in a research report on Friday, August 15th. Citigroup raised their price target on shares of Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Piper Sandler dropped their price target on shares of Salesforce from $335.00 to $315.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Twenty-six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus target price of $331.89.

Salesforce Trading Up 2.9%

NYSE:CRM opened at $248.77 on Tuesday. 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 capitalization of $236.83 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 2.09 and a beta of 1.19. The firm’s 50 day moving average is $244.61 and its 200 day moving average is $258.49. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00.

Salesforce (NYSE:CRM) last issued its earnings results 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. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the company posted $2.56 earnings per share. The business’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. Sell-side 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 was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were issued 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 yield of 0.7%. Salesforce’s payout ratio is presently 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.