Main Street Research LLC Decreases Stock Holdings in Salesforce Inc. $CRM

Main Street Research LLC lessened its holdings in Salesforce Inc. (NYSE:CRM) by 75.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,652 shares of the CRM provider’s stock after selling 5,066 shares during the period. Main Street Research LLC’s holdings in Salesforce were worth $451,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Diversified Trust Co lifted its stake in shares of Salesforce by 30.1% during the second quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider’s stock valued at $7,577,000 after buying an additional 6,430 shares during the period. Neville Rodie & Shaw Inc. lifted its stake in shares of Salesforce by 4.6% during the second quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider’s stock valued at $16,353,000 after buying an additional 2,644 shares during the period. AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Salesforce during the first quarter valued at approximately $9,367,000. Jones Financial Companies Lllp lifted its stake in shares of Salesforce by 31.2% during the first quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider’s stock valued at $93,016,000 after buying an additional 81,916 shares during the period. Finally, Howard Capital Management Inc. lifted its stake in shares of Salesforce by 25.3% during the second quarter. Howard Capital Management Inc. now owns 11,243 shares of the CRM provider’s stock valued at $3,070,000 after buying an additional 2,272 shares during the period. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Stock Performance

Salesforce stock opened at $254.54 on Wednesday. The company has a market capitalization of $242.32 billion, a price-to-earnings ratio of 37.00, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The firm’s fifty day moving average price is $247.99 and its 200 day moving average price is $258.30.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. The company 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 firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the business earned $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, research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were paid 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 presently 24.13%.

Insider Transactions at Salesforce

In related news, Director David Blair Kirk purchased 3,400 shares of Salesforce stock in a transaction dated Tuesday, September 9th. The stock was bought at an average cost of $254.66 per share, with a total value of $865,844.00. Following the purchase, the director owned 3,824 shares in the company, valued at approximately $973,819.84. The trade was a 801.89% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $251.66, for a total transaction of $566,235.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,997,665,957.86. This represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 76,622 shares of company stock valued at $18,858,631 over the last three months. 3.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CRM. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Northland Securities downgraded shares of Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price objective on the stock. in a research note on Tuesday, October 14th. Robert W. Baird cut their price target on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Piper Sandler reiterated an “overweight” rating and issued a $315.00 price target on shares of Salesforce in a report on Thursday, October 16th. Finally, Wells Fargo & Company decreased their price target on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $325.23.

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.