Rhumbline Advisers Has $453.86 Million Position in Salesforce Inc. $CRM

Rhumbline Advisers lessened its stake in Salesforce Inc. (NYSE:CRM) by 5.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,664,378 shares of the CRM provider’s stock after selling 104,553 shares during the period. Rhumbline Advisers’ holdings in Salesforce were worth $453,859,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Painted Porch Advisors LLC lifted its stake in shares of Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after acquiring an additional 65 shares during the period. CBIZ Investment Advisory Services LLC raised its holdings in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 85 shares during the last quarter. Christopher J. Hasenberg Inc lifted its position in Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after purchasing an additional 92 shares during the period. Maseco LLP bought a new position in shares of Salesforce in the 2nd quarter valued at about $34,000. Finally, Quaker Wealth Management LLC grew its position in shares of Salesforce by 208.6% during the 2nd quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock worth $34,000 after buying an additional 242 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 122 shares of Salesforce stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $259.00, for a total value of $31,598.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,085,096,889. The trade was a 0.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 60,872 shares of company stock worth $15,058,156. Company insiders own 3.00% of the company’s stock.

Salesforce Price Performance

CRM opened at $226.75 on Friday. The stock has a market cap of $215.87 billion, a P/E ratio of 32.96, a P/E/G ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a 12 month low of $221.96 and a 12 month 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. The company has a fifty day simple moving average of $244.80 and a 200 day simple moving average of $256.22.

Salesforce (NYSE:CRM) last posted its earnings results 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. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the company posted $2.56 earnings per share. The company’s revenue for the quarter 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, research analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s dividend payout ratio is presently 24.13%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 target price on shares of Salesforce in a report on Thursday, October 16th. Piper Sandler reissued an “overweight” rating and issued a $315.00 price target on shares of Salesforce in a research note on Thursday, October 16th. JMP Securities restated a “market outperform” rating and issued a $430.00 price target on shares of Salesforce in a research report on Friday, October 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Salesforce in a research note on Monday. 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $323.51.

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.