Moseley Investment Management Inc. Sells 63 Shares of Salesforce Inc. $CRM

Moseley Investment Management Inc. lessened its stake in shares of Salesforce Inc. (NYSE:CRM) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,602 shares of the CRM provider’s stock after selling 63 shares during the quarter. Moseley Investment Management Inc.’s holdings in Salesforce were worth $982,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. IFP Advisors Inc increased its holdings in shares of Salesforce by 76.9% in the 2nd quarter. IFP Advisors Inc now owns 19,510 shares of the CRM provider’s stock valued at $5,322,000 after acquiring an additional 8,483 shares during the period. Callan Family Office LLC increased its holdings in shares of Salesforce by 188.9% in the 2nd quarter. Callan Family Office LLC now owns 18,351 shares of the CRM provider’s stock valued at $5,004,000 after acquiring an additional 12,000 shares during the period. Rice Partnership LLC increased its holdings in shares of Salesforce by 13.4% in the 2nd quarter. Rice Partnership LLC now owns 9,006 shares of the CRM provider’s stock valued at $2,456,000 after acquiring an additional 1,064 shares during the period. TFR Capital LLC. increased its holdings in shares of Salesforce by 13.1% in the 2nd quarter. TFR Capital LLC. now owns 1,691 shares of the CRM provider’s stock valued at $461,000 after acquiring an additional 196 shares during the period. Finally, Mainstay Capital Management LLC ADV increased its holdings in shares of Salesforce by 107.0% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 11,534 shares of the CRM provider’s stock valued at $3,145,000 after acquiring an additional 5,961 shares during the period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 price target on shares of Salesforce in a report on Thursday, September 4th. Canaccord Genuity Group lowered their price objective on Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. BMO Capital Markets lowered their price objective on Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. Sanford C. Bernstein lowered 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. Finally, Robert W. Baird lowered their price objective on Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. Twenty-six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $331.89.

Salesforce Trading Up 1.9%

Shares of Salesforce stock opened at $244.92 on Friday. The stock has a market cap of $233.16 billion, a P/E ratio of 35.60, a P/E/G ratio of 2.08 and a beta of 1.19. The stock’s 50 day simple moving average is $244.86 and its 200-day simple moving average is $259.25. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Analysts predict that Salesforce Inc. will post 7.46 EPS 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 given a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s payout ratio is presently 24.13%.

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $239.79, for a total transaction of $539,527.50. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,856,275,610.09. The trade was a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 78,750 shares of company stock worth $19,634,805. 3.00% of the stock is currently owned by 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.