Cyndeo Wealth Partners LLC Cuts Position in Salesforce Inc. $CRM

Cyndeo Wealth Partners LLC lessened its position in shares of Salesforce Inc. (NYSE:CRM) by 12.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,208 shares of the CRM provider’s stock after selling 2,067 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Salesforce were worth $4,147,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRM. Brighton Jones LLC boosted its holdings in shares of Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after purchasing an additional 3,102 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after purchasing an additional 205 shares during the period. Bison Wealth LLC boosted its holdings 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 worth $747,000 after purchasing an additional 184 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Salesforce by 13.9% in the 1st quarter. GAMMA Investing LLC now owns 14,166 shares of the CRM provider’s stock worth $3,802,000 after purchasing an additional 1,725 shares during the period. Finally, USA Financial Formulas boosted its holdings in shares of Salesforce by 5.7% in the 1st quarter. USA Financial Formulas now owns 799 shares of the CRM provider’s stock worth $214,000 after purchasing an additional 43 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wells Fargo & Company dropped their target price on Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a report on Thursday, September 4th. JMP Securities reissued a “market outperform” rating and set a $430.00 price target on shares of Salesforce in a research note on Tuesday, September 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $325.00 price objective on shares of Salesforce in a research report on Thursday, September 4th. DA Davidson raised Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 price objective on the stock in a research report on Friday, August 15th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $395.00 price objective on shares of Salesforce in a research report on Thursday, September 4th. Twenty-six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $331.89.

Salesforce Price Performance

CRM opened at $244.92 on Friday. The company has a market capitalization of $233.16 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 2.08 and a beta of 1.19. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The business’s fifty day simple moving average is $244.86 and its 200-day simple moving average is $259.25.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm 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, equities research analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

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

Insider Buying and Selling at Salesforce

In related news, Director David Blair Kirk purchased 3,400 shares of Salesforce stock in a transaction dated Tuesday, September 9th. The stock was purchased at an average cost of $254.66 per share, with a total value of $865,844.00. Following the transaction, the director owned 3,824 shares in the company, valued at approximately $973,819.84. The trade was a 801.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $248.40, for a total value of $558,900.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,958,834,236.40. The trade was a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,750 shares of company stock worth $19,634,805. Insiders own 3.00% of the company’s stock.

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.