Bank of Montreal Can Sells 42,516 Shares of Salesforce Inc. $CRM

Bank of Montreal Can trimmed its stake in shares of Salesforce Inc. (NYSE:CRM) by 2.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,411,379 shares of the CRM provider’s stock after selling 42,516 shares during the period. Bank of Montreal Can owned 0.15% of Salesforce worth $384,869,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Salesforce by 1.6% in the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after purchasing an additional 1,383,942 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Salesforce by 6.9% during 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 buying an additional 600,386 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Salesforce by 5.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock valued at $2,419,037,000 after buying an additional 437,435 shares in the last quarter. Nuveen LLC bought a new stake in Salesforce in the 1st quarter worth approximately $2,039,196,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Salesforce by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider’s stock worth $1,707,316,000 after acquiring an additional 295,681 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Stock Up 1.5%

Shares of NYSE:CRM opened at $260.55 on Monday. The business’s 50 day moving average is $247.52 and its 200 day moving average is $258.14. The stock has a market cap of $248.04 billion, a P/E ratio of 37.87, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. 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 quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Sell-side analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The firm also recently announced 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. This represents a $1.66 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, September 17th. Salesforce’s payout ratio is 24.13%.

Insider Activity

In other Salesforce news, Director David Blair Kirk purchased 3,400 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was bought at an average cost of $254.66 per share, for a total transaction 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 represents a 801.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $255.30, for a total value of $574,425.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $3,041,024,076.30. This represents a 0.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 76,500 shares of company stock worth $18,804,983 over the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CRM shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $325.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. UBS Group decreased their target price on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a research report on Monday, August 18th. Citigroup increased their price target on shares of Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a report on Tuesday, September 9th. Bank of America dropped their price target on Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a research report on Tuesday, August 26th. Finally, Northland Securities downgraded Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price objective on the stock. 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.