Forum Financial Management LP Sells 1,317 Shares of Salesforce Inc. $CRM

Forum Financial Management LP lowered its stake in Salesforce Inc. (NYSE:CRM) by 12.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,160 shares of the CRM provider’s stock after selling 1,317 shares during the period. Forum Financial Management LP’s holdings in Salesforce were worth $2,498,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Salesforce by 1.6% in the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after acquiring an additional 1,383,942 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Salesforce by 6.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock valued at $2,484,616,000 after acquiring an additional 600,386 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Salesforce by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock valued at $2,419,037,000 after acquiring an additional 437,435 shares in the last quarter. Nuveen LLC bought a new stake in Salesforce in the first quarter valued at $2,039,196,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Salesforce by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider’s stock valued at $1,707,316,000 after acquiring an additional 295,681 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling

In related news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $242.44, for a total transaction of $545,490.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,887,841,273.24. The trade was a 0.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Blair Kirk acquired 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the purchase, the director owned 3,824 shares in the company, valued at $973,819.84. This trade represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 78,750 shares of company stock valued at $19,448,213. 3.00% of the stock is currently owned by corporate insiders.

Salesforce Price Performance

Shares of NYSE:CRM opened at $256.78 on Thursday. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The business has a 50-day simple moving average of $245.85 and a two-hundred day simple moving average of $257.92. 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 $244.45 billion, a price-to-earnings ratio of 37.32, a price-to-earnings-growth ratio of 2.17 and a beta of 1.19.

Salesforce (NYSE:CRM) last released 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 business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business’s quarterly 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, analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were paid a dividend of $0.416 per share. The ex-dividend date was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.6%. Salesforce’s payout ratio is 24.13%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. DA Davidson reissued a “neutral” rating and set a $225.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. Barclays lowered their price target on Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research report on Monday, August 18th. Royal Bank Of Canada lowered their price target on Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft lowered their price target on Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. Finally, Northland Capmk lowered Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 14th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and an average price target of $325.23.

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.