OLD National Bancorp IN Sells 5,647 Shares of Salesforce Inc. $CRM

OLD National Bancorp IN lowered its stake in shares of Salesforce Inc. (NYSE:CRM) by 7.6% in the second quarter, Holdings Channel reports. The firm owned 68,616 shares of the CRM provider’s stock after selling 5,647 shares during the period. OLD National Bancorp IN’s holdings in Salesforce were worth $18,711,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Painted Porch Advisors LLC boosted its position in shares of Salesforce by 260.0% in the second 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 boosted its position in shares of Salesforce by 450.0% in the first 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 boosted its position in shares of Salesforce by 314.8% in the first 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 bought a new stake in shares of Salesforce in the first quarter valued at approximately $31,000. Finally, Christopher J. Hasenberg Inc boosted its position in shares of Salesforce by 383.3% in the second 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 own 80.43% of the company’s stock.

Salesforce Stock Performance

Salesforce stock opened at $240.25 on Friday. 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 stock has a fifty day moving average price of $246.66 and a two-hundred day moving average price of $260.19. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The firm has a market capitalization of $228.72 billion, a P/E ratio of 34.92, a P/E/G ratio of 2.08 and a beta of 1.19.

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

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be paid a $0.416 dividend. 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 24.13%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CRM. Sanford C. Bernstein reduced their price objective on Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research report on Thursday, September 4th. Barclays reduced their price objective on Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research report on Monday, August 18th. Deutsche Bank Aktiengesellschaft reduced their target price on Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. Morgan Stanley raised their target price on Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Salesforce in a research report on Saturday, September 27th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $332.58.

Insiders Place Their Bets

In other news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $236.38, for a total value of $531,855.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,815,657,152.98. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David Blair Kirk bought 3,400 shares of the stock in a transaction dated Tuesday, September 9th. The stock was acquired 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 of the company’s stock, valued at $973,819.84. This represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 81,000 shares of company stock valued at $20,357,213. 3.00% of the stock is currently owned by corporate insiders.

About Salesforce

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.