Wealthfront Advisers LLC Trims Holdings in Salesforce Inc. $CRM

Wealthfront Advisers LLC reduced its stake in Salesforce Inc. (NYSE:CRM) by 5.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,049 shares of the CRM provider’s stock after selling 6,172 shares during the quarter. Wealthfront Advisers LLC’s holdings in Salesforce were worth $27,282,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CRM. Painted Porch Advisors LLC boosted its position in shares of Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after acquiring an additional 65 shares during the last quarter. Capital A Wealth Management LLC increased its position in Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its stake in Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 85 shares during the period. Abound Financial LLC acquired a new position in Salesforce in the 1st quarter valued at about $31,000. Finally, Christopher J. Hasenberg Inc grew its stake 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 valued at $32,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on CRM shares. Northland Capmk lowered shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 14th. Barclays reduced their target price on Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a research report on Monday, August 18th. Bank of America lowered their price target on Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a report on Tuesday, August 26th. Wells Fargo & Company cut their price objective on Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a research report on Thursday, September 4th. Finally, Wall Street Zen raised shares of Salesforce from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and an average target price of $325.23.

Insiders Place Their Bets

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $259.01, for a total value of $582,772.50. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $3,085,216,004.71. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 78,750 shares of company stock worth $19,424,880. 3.00% of the stock is owned by corporate insiders.

Salesforce Trading Down 0.0%

Shares of CRM stock opened at $254.93 on Friday. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The company has a 50 day moving average price of $246.53 and a 200 day moving average price of $258.17. The stock has a market capitalization of $242.69 billion, a P/E ratio of 37.05, a price-to-earnings-growth ratio of 2.14 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 (NYSE:CRM) last issued 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 company 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 firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company 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. Equities research analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors 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 payout ratio is presently 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.