Mutual of America Capital Management LLC Sells 1,257 Shares of Salesforce Inc. $CRM

Mutual of America Capital Management LLC cut its stake in Salesforce Inc. (NYSE:CRM) by 1.1% in the second quarter, HoldingsChannel reports. The fund owned 113,606 shares of the CRM provider’s stock after selling 1,257 shares during the period. Mutual of America Capital Management LLC’s holdings in Salesforce were worth $30,979,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CRM. Brighton Jones LLC raised its stake in shares of Salesforce by 13.7% in the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after acquiring an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after acquiring an additional 205 shares during the last quarter. Bison Wealth LLC raised its stake in shares of Salesforce by 9.0% in the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after acquiring an additional 184 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Salesforce by 13.9% in the first quarter. GAMMA Investing LLC now owns 14,166 shares of the CRM provider’s stock worth $3,802,000 after acquiring an additional 1,725 shares during the last quarter. Finally, Cottage Street Advisors LLC raised its stake in shares of Salesforce by 139.5% in the first quarter. Cottage Street Advisors LLC now owns 3,951 shares of the CRM provider’s stock worth $1,060,000 after acquiring an additional 2,301 shares during the last quarter. 80.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CRM. Bank of America dropped their price target on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a research note on Tuesday, August 26th. KeyCorp dropped their price target on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a research note 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 Friday. Robert W. Baird dropped their price target on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a research note on Thursday, September 4th. Finally, Piper Sandler reissued an “overweight” rating and set a $315.00 price target on shares of Salesforce in a research note on Thursday. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $325.23.

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $234.64, for a total value of $527,940.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $2,794,931,019.44. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Blair Kirk purchased 3,400 shares of Salesforce 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 acquisition, 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 sold 78,750 shares of company stock valued at $19,521,495 in the last quarter. Corporate insiders own 3.00% of the company’s stock.

Salesforce Stock Down 1.1%

Shares of NYSE CRM opened at $243.27 on Friday. The stock has a market cap of $231.59 billion, a P/E ratio of 35.36, a P/E/G ratio of 2.10 and a beta of 1.19. The firm has a 50 day moving average price of $244.38 and a 200 day moving average price of $257.77. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion during 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%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. Analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

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

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.