Salesforce Inc. $CRM Shares Sold by Empirical Asset Management LLC

Empirical Asset Management LLC trimmed its stake in shares of Salesforce Inc. (NYSE:CRM) by 57.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,379 shares of the CRM provider’s stock after selling 1,886 shares during the quarter. Empirical Asset Management LLC’s holdings in Salesforce were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Consilio Wealth Advisors LLC raised its position in shares of Salesforce by 81.7% during the 2nd quarter. Consilio Wealth Advisors LLC now owns 2,082 shares of the CRM provider’s stock worth $569,000 after purchasing an additional 936 shares during the period. Stableford Capital II LLC acquired a new stake in Salesforce in the 2nd quarter valued at approximately $1,094,000. Evernest Financial Advisors LLC increased its position in Salesforce by 21.9% in the 2nd quarter. Evernest Financial Advisors LLC now owns 1,348 shares of the CRM provider’s stock valued at $368,000 after acquiring an additional 242 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in Salesforce in the 2nd quarter valued at approximately $885,000. Finally, Tlwm increased its position in Salesforce by 0.8% in the 2nd quarter. Tlwm now owns 6,896 shares of the CRM provider’s stock valued at $1,880,000 after acquiring an additional 58 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CRM has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their target price on Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Macquarie restated a “neutral” rating and issued a $250.00 target price on shares of Salesforce in a research report on Thursday. DA Davidson restated a “neutral” rating and issued a $225.00 target price on shares of Salesforce in a research report on Thursday. Wall Street Zen upgraded Salesforce from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $325.00 target price on shares of Salesforce in a research report on Thursday. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $325.23.

Salesforce Stock Performance

Shares of NYSE CRM opened at $243.27 on Friday. The stock has a fifty day moving average price of $244.38 and a two-hundred day moving average price of $257.87. 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 cap of $231.59 billion, a P/E ratio of 35.36, a PEG ratio of 2.13 and a beta of 1.19. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion during 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 firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last 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. Research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is currently 24.13%.

Insider Buying and Selling at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $238.37, for a total transaction of $536,332.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,839,361,179.27. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 78,750 shares of company stock worth $19,521,495. Company insiders own 3.00% of the company’s stock.

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.