Salesforce Inc. $CRM Shares Sold by Whipplewood Advisors LLC

Whipplewood Advisors LLC cut its position in shares of Salesforce Inc. (NYSE:CRM) by 78.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 210 shares of the CRM provider’s stock after selling 744 shares during the quarter. Whipplewood Advisors LLC’s holdings in Salesforce were worth $57,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Painted Porch Advisors LLC raised its holdings in Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Capital A Wealth Management LLC increased its position in Salesforce by 450.0% during the first 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 in 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 purchased a new position in Salesforce during the first quarter worth $31,000. Finally, Christopher J. Hasenberg Inc increased its position in Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after buying an additional 92 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on CRM. Robert W. Baird dropped their price target on Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. DA Davidson reissued a “neutral” rating and set a $225.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Wedbush reissued an “outperform” rating and set a $375.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Northland Securities downgraded Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price target for the company. in a research report on Tuesday, October 14th. Finally, Wall Street Zen raised Salesforce from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. 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. According to data from MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and an average price target of $325.23.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $255.56, for a total transaction of $575,010.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,044,121,084.76. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 78,750 shares of company stock worth $19,394,393 over the last ninety days. 3.00% of the stock is currently owned by insiders.

Salesforce Price Performance

CRM stock opened at $255.49 on Tuesday. The stock has a 50-day moving average price of $246.75 and a two-hundred day moving average price of $258.05. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. 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 company has a market cap of $243.23 billion, a PE ratio of 37.14, a price-to-earnings-growth ratio of 2.14 and a beta of 1.19.

Salesforce (NYSE:CRM) last posted 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. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the business earned $2.56 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, research analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were given a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s payout ratio is 24.13%.

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.