Salesforce Inc. $CRM Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC decreased its position in shares of Salesforce Inc. (NYSE:CRM) by 13.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,346 shares of the CRM provider’s stock after selling 3,056 shares during the quarter. Moran Wealth Management LLC’s holdings in Salesforce were worth $5,548,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Painted Porch Advisors LLC grew its stake in Salesforce by 260.0% in the 2nd 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. Capital A Wealth Management LLC grew its stake in Salesforce by 450.0% in the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 90 shares during the period. CBIZ Investment Advisory Services LLC grew its stake in 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 acquiring an additional 85 shares during the period. Abound Financial LLC acquired a new stake in Salesforce in the 1st quarter valued at $31,000. Finally, Christopher J. Hasenberg Inc grew its stake in 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 acquiring an additional 92 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $400.00 price target on shares of Salesforce in a research note on Thursday, September 4th. UBS Group decreased their price objective on Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a report on Monday, August 18th. BMO Capital Markets decreased their price objective on Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Sanford C. Bernstein decreased their price objective on Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a report on Thursday, September 4th. Finally, Stifel Nicolaus decreased their price objective on Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. Twenty-five research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus price target of $328.22.

Insider Buying and Selling at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $236.45, for a total value of $532,012.50. Following the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,816,490,962.95. The trade was a 0.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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, for a total transaction of $865,844.00. Following the completion of the acquisition, the director owned 3,824 shares in the company, valued at $973,819.84. This trade represents a 801.89% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 78,750 shares of company stock worth $19,572,233. Insiders own 3.00% of the company’s stock.

Salesforce Stock Down 3.6%

NYSE CRM opened at $239.87 on Wednesday. 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. The business’s fifty day simple moving average is $244.47 and its 200-day simple moving average is $258.36. The firm has a market cap of $228.36 billion, a PE ratio of 34.87, a P/E/G ratio of 2.15 and a beta of 1.19.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS 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 business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the firm earned $2.56 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. 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 analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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

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.