Salesforce Inc. $CRM Shares Sold by Kestra Investment Management LLC

Kestra Investment Management LLC lessened its position in shares of Salesforce Inc. (NYSE:CRM) by 67.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,404 shares of the CRM provider’s stock after selling 6,919 shares during the quarter. Kestra Investment Management LLC’s holdings in Salesforce were worth $928,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CRM. Avantax Advisory Services Inc. increased its position in Salesforce by 4.0% during the second quarter. Avantax Advisory Services Inc. now owns 87,331 shares of the CRM provider’s stock worth $23,814,000 after buying an additional 3,387 shares during the period. Advyzon Investment Management LLC boosted its holdings in shares of Salesforce by 57.4% in the second quarter. Advyzon Investment Management LLC now owns 1,884 shares of the CRM provider’s stock valued at $514,000 after acquiring an additional 687 shares during the period. Atalanta Sosnoff Capital LLC grew its position in shares of Salesforce by 8.5% during the second quarter. Atalanta Sosnoff Capital LLC now owns 206,614 shares of the CRM provider’s stock worth $56,342,000 after acquiring an additional 16,176 shares during the last quarter. Amundi grew its position in shares of Salesforce by 26.2% during the second quarter. Amundi now owns 7,755,317 shares of the CRM provider’s stock worth $2,087,545,000 after acquiring an additional 1,612,413 shares during the last quarter. Finally, Achmea Investment Management B.V. increased its holdings in shares of Salesforce by 9.2% in the 2nd quarter. Achmea Investment Management B.V. now owns 148,254 shares of the CRM provider’s stock valued at $40,427,000 after acquiring an additional 12,544 shares during the period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce Stock Performance

Shares of CRM stock opened at $262.34 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.14. The stock has a 50 day simple moving average of $245.50 and a 200-day simple moving average of $251.92. The company has a market cap of $245.81 billion, a price-to-earnings ratio of 35.03, a price-to-earnings-growth ratio of 1.95 and a beta of 1.25. Salesforce Inc. has a 12-month low of $221.96 and a 12-month high of $367.09.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.39. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The firm had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.27 billion. During the same quarter in the prior year, the company posted $2.41 earnings per share. Salesforce’s quarterly revenue was up 9.1% on a year-over-year basis. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, equities analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th will be given a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, December 18th. Salesforce’s dividend payout ratio is presently 22.16%.

Insider Buying and Selling at Salesforce

In other news, Director G Mason Morfit purchased 96,000 shares of the company’s stock in a transaction dated Friday, December 5th. The stock was acquired at an average price of $260.58 per share, for a total transaction of $25,015,680.00. Following the completion of the transaction, the director directly owned 2,994,509 shares in the company, valued at $780,309,155.22. This represents a 3.31% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Parker Harris sold 134,662 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the completion of the sale, the insider owned 139,767 shares in the company, valued at $32,803,314.90. This represents a 49.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 175,284 shares of company stock valued at $41,648,819. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Roth Capital reissued a “buy” rating and set a $395.00 price objective on shares of Salesforce in a research report on Thursday, September 4th. Barclays increased their target price on shares of Salesforce from $316.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Citigroup cut Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $250.00 price objective on shares of Salesforce in a research report on Thursday, December 4th. Finally, Wall Street Zen raised Salesforce from a “hold” rating to a “buy” rating in a report on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and a consensus target price of $326.46.

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.