Canvas Wealth Advisors LLC Sells 184 Shares of Salesforce Inc. $CRM

Canvas Wealth Advisors LLC lessened its holdings in shares of Salesforce Inc. (NYSE:CRM) by 14.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,059 shares of the CRM provider’s stock after selling 184 shares during the quarter. Canvas Wealth Advisors LLC’s holdings in Salesforce were worth $286,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in CRM. Painted Porch Advisors LLC increased its position in shares of Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after buying an additional 65 shares during the period. Capital A Wealth Management LLC boosted its position in Salesforce by 450.0% during the 1st 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 in the last quarter. CBIZ Investment Advisory Services LLC grew its holdings in shares of Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 85 shares during the period. Abound Financial LLC purchased a new position in shares of Salesforce during the 1st quarter worth approximately $31,000. Finally, Christopher J. Hasenberg Inc raised its position in shares of Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after acquiring an additional 92 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Stock Performance

Shares of CRM stock opened at $243.27 on Monday. The company has a market capitalization of $231.59 billion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 2.04 and a beta of 1.19. 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 one year low of $226.48 and a one year high of $369.00. The company’s 50-day moving average is $244.38 and its 200 day moving average is $257.79.

Salesforce (NYSE:CRM) last issued its earnings results 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 net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the firm posted $2.56 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Sell-side analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were issued a $0.416 dividend. The ex-dividend date of this dividend was 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 presently 24.13%.

Wall Street Analyst Weigh In

CRM has been the topic of several research reports. UBS Group dropped their price target on Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a research report on Monday, August 18th. Canaccord Genuity Group dropped their target price on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Morgan Stanley upped their target price on shares of Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. JPMorgan Chase & Co. lowered their price target on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. Finally, Macquarie reissued a “neutral” rating and set a $250.00 price objective on shares of Salesforce in a research note on Thursday. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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 on Wednesday, October 15th. The stock was sold at an average price of $238.37, for a total transaction of $536,332.50. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,839,361,179.27. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders sold 76,500 shares of company stock valued at $18,929,903. 3.00% of the stock is currently owned by company insiders.

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.