Salesforce Inc. $CRM Shares Sold by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lessened its stake in Salesforce Inc. (NYSE:CRM) by 9.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,658 shares of the CRM provider’s stock after selling 169 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Salesforce were worth $452,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. AMG National Trust Bank boosted its position in Salesforce by 3.8% in the 2nd quarter. AMG National Trust Bank now owns 7,437 shares of the CRM provider’s stock valued at $2,028,000 after buying an additional 273 shares during the period. Creekmur Asset Management LLC boosted its position in Salesforce by 50.0% in the 2nd quarter. Creekmur Asset Management LLC now owns 333 shares of the CRM provider’s stock valued at $91,000 after buying an additional 111 shares during the period. Kovack Advisors Inc. boosted its position in Salesforce by 10.0% in the 2nd quarter. Kovack Advisors Inc. now owns 12,159 shares of the CRM provider’s stock valued at $3,316,000 after buying an additional 1,105 shares during the period. Pinnacle Associates Ltd. boosted its position in Salesforce by 3.6% in the 2nd quarter. Pinnacle Associates Ltd. now owns 35,193 shares of the CRM provider’s stock valued at $9,597,000 after buying an additional 1,233 shares during the period. Finally, BLB&B Advisors LLC boosted its position in Salesforce by 4.4% in the 2nd quarter. BLB&B Advisors LLC now owns 50,261 shares of the CRM provider’s stock valued at $13,706,000 after buying an additional 2,097 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Price Performance

Shares of CRM opened at $260.55 on Friday. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The stock has a market cap of $248.04 billion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a fifty day moving average price of $247.52 and a 200 day moving average price of $258.06.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the previous year, the company earned $2.56 earnings per share. Salesforce’s quarterly revenue was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, sell-side analysts anticipate 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. Investors of record on Wednesday, September 17th were given 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 yield of 0.6%. Salesforce’s payout ratio is 24.13%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CRM shares. Citigroup raised their price target 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. KeyCorp decreased their price target on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Salesforce in a research report on Tuesday, October 14th. Canaccord Genuity Group decreased 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, Royal Bank Of Canada decreased their price objective on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research report on Thursday, September 4th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $325.23.

Insiders Place Their Bets

In related news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $252.04, for a total value of $567,090.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $3,002,192,354.84. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 78,750 shares of company stock valued at $19,372,928 over the last three months. 3.00% of the stock is owned by 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.