Demars Financial Group LLC Sells 572,907 Shares of Salesforce Inc. $CRM

Demars Financial Group LLC cut its holdings in Salesforce Inc. (NYSE:CRM) by 99.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,363 shares of the CRM provider’s stock after selling 572,907 shares during the period. Demars Financial Group LLC’s holdings in Salesforce were worth $644,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CRM. Painted Porch Advisors LLC lifted its position in Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 65 shares during the last quarter. Capital A Wealth Management LLC lifted 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 worth $30,000 after acquiring an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its position in 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 last quarter. Abound Financial LLC acquired a new position in Salesforce during the 1st quarter worth $31,000. Finally, Christopher J. Hasenberg Inc lifted its position in Salesforce by 383.3% during 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 during the last quarter. 80.43% of the stock is currently owned by institutional investors.

Salesforce Stock Performance

NYSE:CRM opened at $243.27 on Monday. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $231.59 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 2.04 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 $257.79.

Salesforce (NYSE:CRM) last issued its quarterly earnings data 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 firm had revenue of $10.24 billion for 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 company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm 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. 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 disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were paid a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s dividend payout ratio is currently 24.13%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Northland Capmk lowered shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 14th. Barclays cut their price objective on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research report on Monday, August 18th. Citigroup upped their price objective on shares of Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Canaccord Genuity Group cut their price objective on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $225.00 price objective on shares of Salesforce in a research report on Thursday. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus target price of $325.23.

Insiders Place Their Bets

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $238.37, for a total transaction of $536,332.50. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,839,361,179.27. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 76,500 shares of company stock worth $18,929,903 over the last quarter. 3.00% of the stock is currently owned by corporate 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.