Dover Advisors LLC Sells 491 Shares of Salesforce Inc. $CRM

Dover Advisors LLC trimmed its stake in shares of Salesforce Inc. (NYSE:CRM) by 5.9% in the 2nd quarter, Holdings Channel reports. The firm owned 7,899 shares of the CRM provider’s stock after selling 491 shares during the period. Salesforce accounts for approximately 0.9% of Dover Advisors LLC’s holdings, making the stock its 29th biggest position. Dover Advisors LLC’s holdings in Salesforce were worth $2,154,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Bernard Wealth Management Corp. purchased a new position in Salesforce during the fourth quarter valued at $25,000. Capital A Wealth Management LLC lifted its position in Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its position in Salesforce by 314.8% during the first 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 last quarter. Abound Financial LLC bought a new position in Salesforce during the first quarter valued at $31,000. Finally, Wood Tarver Financial Group LLC bought a new position in Salesforce during the fourth quarter valued at $35,000. 80.43% of the stock is currently owned by institutional investors.

Salesforce Price Performance

CRM stock opened at $242.68 on Monday. The business has a 50 day simple moving average of $253.21 and a 200-day simple moving average of $264.29. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $231.03 billion, a P/E ratio of 35.27, a PEG ratio of 2.21 and a beta of 1.22.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the company earned $2.56 earnings per share. Salesforce’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 EPS for the current year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be 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 is Wednesday, September 17th. Salesforce’s dividend payout ratio is presently 24.13%.

Insiders Place Their Bets

In other Salesforce news, Director David Blair Kirk purchased 3,400 shares of the firm’s stock in a transaction dated 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 completion of the purchase, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total value of $578,295.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $3,061,511,978.42. This represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,577 shares of company stock valued at $18,005,778. 3.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Salesforce from $340.00 to $385.00 and gave the stock a “buy” rating in a report on Thursday, May 29th. Westpark Capital reaffirmed a “buy” rating and issued a $320.00 price objective on shares of Salesforce in a research report on Wednesday, May 28th. Oppenheimer lowered their target price on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Tuesday, August 26th. Morgan Stanley lifted their price objective on shares of Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $430.00 target price on shares of Salesforce in a report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $332.58.

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.