King Luther Capital Management Corp Reduces Stake in Salesforce Inc. $CRM

King Luther Capital Management Corp cut its position in shares of Salesforce Inc. (NYSE:CRM) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,896 shares of the CRM provider’s stock after selling 1,752 shares during the period. King Luther Capital Management Corp’s holdings in Salesforce were worth $77,961,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CRM. Brighton Jones LLC increased its stake in Salesforce by 13.7% during the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after buying an additional 3,102 shares during the period. Revolve Wealth Partners LLC boosted its holdings in Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after purchasing an additional 205 shares in the last quarter. Bison Wealth LLC grew its position in shares of Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after buying an additional 184 shares during the last quarter. Leavell Investment Management Inc. increased its position in shares of Salesforce by 17.3% during the first quarter. Leavell Investment Management Inc. now owns 2,894 shares of the CRM provider’s stock worth $777,000 after purchasing an additional 426 shares in the last quarter. Finally, Alps Advisors Inc. lifted its stake in Salesforce by 35.0% in the first quarter. Alps Advisors Inc. now owns 10,809 shares of the CRM provider’s stock valued at $2,901,000 after buying an additional 2,805 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 122 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $259.00, for a total value of $31,598.00. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 74,372 shares of company stock worth $18,317,866 over the last quarter. 3.00% of the stock is owned by company insiders.

Salesforce Stock Performance

NYSE CRM opened at $239.92 on Friday. The business has a 50 day moving average price of $247.41 and a 200 day moving average price of $258.26. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $228.40 billion, a P/E ratio of 34.87, a PEG ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the company posted $2.56 EPS. The company’s revenue 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. Sell-side analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CRM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Salesforce in a research note on Tuesday, October 14th. Morgan Stanley lifted their target price on Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. UBS Group decreased their price target on Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a report on Monday, August 18th. Oppenheimer cut their price objective on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a research report on Tuesday, August 26th. Finally, Stifel Nicolaus cut their price target on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, October 9th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.