Salesforce Inc. $CRM Shares Sold by Evelyn Partners Investment Management Europe Ltd

Evelyn Partners Investment Management Europe Ltd lessened its stake in shares of Salesforce Inc. (NYSE:CRM) by 16.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,850 shares of the CRM provider’s stock after selling 932 shares during the quarter. Salesforce comprises about 1.5% of Evelyn Partners Investment Management Europe Ltd’s holdings, making the stock its 16th biggest holding. Evelyn Partners Investment Management Europe Ltd’s holdings in Salesforce were worth $1,323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of CRM. Painted Porch Advisors LLC grew its holdings 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 worth $25,000 after purchasing an additional 65 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its position in shares of Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 85 shares during the period. Christopher J. Hasenberg Inc boosted its position in shares of Salesforce by 383.3% in 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 purchased a new position in Salesforce during the 2nd quarter worth approximately $34,000. Finally, Quaker Wealth Management LLC increased its position in Salesforce by 208.6% during the second 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 owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $245.09, for a total value of $551,452.50. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $2,919,406,936.39. This trade represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average price of $254.66 per share, with a total value of $865,844.00. Following the purchase, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 60,872 shares of company stock worth $15,058,156 in the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

Salesforce Stock Up 0.6%

Shares of NYSE:CRM opened at $226.75 on Friday. The company has a market cap of $215.87 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 2.11 and a beta of 1.19. The firm’s 50-day simple moving average is $244.80 and its 200-day simple moving average is $256.22. 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 Inc. has a fifty-two week low of $221.96 and a fifty-two week high of $369.00.

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, topping 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 firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the company posted $2.56 earnings per share. The firm’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. As a group, equities research analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Mizuho decreased their price objective on Salesforce from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Monday, November 17th. DA Davidson reiterated a “neutral” rating and set a $225.00 price target on shares of Salesforce in a research note on Thursday, October 16th. Wedbush reissued an “outperform” rating and set a $375.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. BMO Capital Markets reduced their target price on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Finally, Roth Capital reiterated a “buy” rating and set a $395.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $323.51.

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.