Salesforce Inc. $CRM Shares Sold by RDA Financial Network

RDA Financial Network trimmed its holdings in Salesforce Inc. (NYSE:CRM) by 83.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 880 shares of the CRM provider’s stock after selling 4,361 shares during the period. RDA Financial Network’s holdings in Salesforce were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Collective Family Office LLC grew its stake in Salesforce by 6.7% in the 2nd quarter. Collective Family Office LLC now owns 1,044 shares of the CRM provider’s stock valued at $285,000 after acquiring an additional 66 shares during the last quarter. McLean Asset Management Corp grew its holdings in shares of Salesforce by 5.2% during the second quarter. McLean Asset Management Corp now owns 1,048 shares of the CRM provider’s stock worth $282,000 after buying an additional 52 shares in the last quarter. Norway Savings Bank grew its holdings in shares of Salesforce by 10.3% during the second quarter. Norway Savings Bank now owns 10,862 shares of the CRM provider’s stock worth $2,962,000 after buying an additional 1,016 shares in the last quarter. Jacobs & Co. CA purchased a new stake in shares of Salesforce during the second quarter worth about $8,980,000. Finally, LVM Capital Management Ltd. MI grew its holdings in shares of Salesforce by 1.1% during the second quarter. LVM Capital Management Ltd. MI now owns 47,175 shares of the CRM provider’s stock worth $12,864,000 after buying an additional 494 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CRM shares. Oppenheimer lowered their price target on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Tuesday, August 26th. DA Davidson upgraded shares of Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 price target for the company in a report on Friday, August 15th. Stifel Nicolaus lowered their price target on shares of Salesforce from $375.00 to $325.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Northland Securities lowered their price target on shares of Salesforce from $423.00 to $396.00 and set an “outperform” rating for the company in a report on Thursday, May 29th. Finally, Robert W. Baird lowered their price target on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $332.58.

Insider Buying and Selling

In other news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $246.66, for a total transaction of $554,985.00. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $2,938,108,102.86. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average price of $254.66 per share, for a total transaction 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 can be found here. Insiders have sold 70,577 shares of company stock worth $18,005,778 in the last quarter. Insiders own 3.00% of the company’s stock.

Salesforce Trading Down 1.5%

Shares of CRM stock opened at $242.68 on Monday. The stock has a market cap of $231.03 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 2.21 and a beta of 1.22. 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 $226.48 and a fifty-two week high of $369.00. The firm’s 50 day moving average price is $253.21 and its two-hundred day moving average price is $264.29.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. Salesforce’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be paid a dividend of $0.416 per share. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is currently 24.13%.

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.