Cornerstone Advisory LLC Reduces Stock Holdings in Salesforce Inc. $CRM

Cornerstone Advisory LLC lessened its position in shares of Salesforce Inc. (NYSE:CRM) by 3.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,100 shares of the CRM provider’s stock after selling 43 shares during the period. Cornerstone Advisory LLC’s holdings in Salesforce were worth $300,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Painted Porch Advisors LLC lifted its holdings in shares of Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Capital A Wealth Management LLC grew its holdings in Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after buying an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its position in Salesforce by 314.8% during the first 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 in the last quarter. Abound Financial LLC acquired a new position in shares of Salesforce in the first quarter worth $31,000. Finally, Christopher J. Hasenberg Inc lifted its position in shares of Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after acquiring an additional 92 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Price Performance

CRM opened at $255.10 on Friday. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The company has a 50 day moving average of $246.28 and a two-hundred day moving average of $257.99. The company has a market cap of $242.86 billion, a P/E ratio of 37.08, a P/E/G ratio of 2.15 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 (NYSE:CRM) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the business posted $2.56 EPS. The business’s quarterly 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. On average, analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were given a $0.416 dividend. 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 is presently 24.13%.

Insider Activity

In related news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $259.01, for a total transaction of $582,772.50. Following the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,085,216,004.71. This trade represents a 0.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 78,750 shares of company stock valued at $19,424,880 in the last ninety days. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on CRM. JPMorgan Chase & Co. cut their target price on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a research note on Thursday, September 4th. Morgan Stanley boosted their price objective on shares of Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Oppenheimer reduced their price objective on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 26th. Barclays lowered their target price on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research note on Monday, August 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Salesforce in a research report on Tuesday, October 14th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $325.23.

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.