Salesforce Inc. $CRM Shares Sold by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. lowered its stake in shares of Salesforce Inc. (NYSE:CRM) by 10.7% during the second quarter, Holdings Channel reports. The fund owned 17,694 shares of the CRM provider’s stock after selling 2,125 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Salesforce were worth $2,772,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CRM. California State Teachers Retirement System increased its stake in shares of Salesforce by 13,260.5% during the second quarter. California State Teachers Retirement System now owns 188,085,056 shares of the CRM provider’s stock worth $29,465,405,000 after buying an additional 186,677,290 shares during the period. BlackRock Inc. purchased a new stake in shares of Salesforce in the 2nd quarter valued at approximately $11,396,844,000. J. Stern & Co. LLP raised its holdings in shares of Salesforce by 24,056.7% in the 4th quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock valued at $12,552,896,000 after purchasing an additional 47,189,352 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Salesforce during the 2nd quarter worth $1,914,086,000. Finally, Norges Bank acquired a new position in shares of Salesforce during the fourth quarter worth $3,182,951,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Salesforce news, Director Craig Conway sold 4,500 shares of Salesforce stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $260.61, for a total value of $1,172,745.00. Following the transaction, the director directly owned 5,437 shares in the company, valued at approximately $1,416,936.57. This trade represents a 45.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.50% of the company’s stock.

Salesforce Stock Performance

Shares of Salesforce stock opened at $249.03 on Wednesday. The firm’s fifty day simple moving average is $195.74 and its 200-day simple moving average is $185.92. Salesforce Inc. has a 12 month low of $146.32 and a 12 month high of $269.11. The stock has a market capitalization of $204.95 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 1.20 and a beta of 1.20. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $2.63. The company had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.33 billion. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. Salesforce’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the firm posted $2.91 EPS. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. As a group, equities analysts forecast that Salesforce Inc. will post 12.65 earnings per share for the current year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $1.76 annualized dividend and a yield of 0.7%. Salesforce’s dividend payout ratio is currently 16.04%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BMO Capital Markets increased their price objective on Salesforce from $230.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Erste Group Bank upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a research note on Wednesday, August 5th. Phillip Securities downgraded shares of Salesforce from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $253.00 to $166.00 in a research report on Monday, June 29th. Canaccord Genuity Group restated a “buy” rating and issued a $225.00 target price on shares of Salesforce in a report on Tuesday, August 25th. Finally, Citigroup increased their target price on shares of Salesforce from $204.00 to $233.00 and gave the company a “neutral” rating in a research report on Thursday, August 27th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $266.50.

Salesforce Company Profile

Salesforce, Inc is a cloud-based software company that provides customer relationship management (CRM) technology and related enterprise applications. Its platform helps organizations manage sales, customer service, marketing, commerce, data analytics and business operations through subscription-based software and cloud services.

The company’s product portfolio includes Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Data Cloud and the Salesforce Platform. Salesforce also offers Slack for workplace collaboration, Tableau for data visualization and analytics, MuleSoft for application integration, and artificial intelligence capabilities, including its Agentforce platform for building and deploying AI agents.

Founded in 1999, Salesforce is headquartered in San Francisco, California, and serves businesses and organizations across a broad range of industries and geographic markets worldwide.