Aviso Financial Inc. decreased its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 23.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,223 shares of the CRM provider's stock after selling 1,277 shares during the quarter. Aviso Financial Inc.'s holdings in Salesforce were worth $1,133,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Granite Harbor Advisors Inc. raised its stake in shares of Salesforce by 39.2% during the first quarter. Granite Harbor Advisors Inc. now owns 1,034 shares of the CRM provider's stock valued at $277,000 after acquiring an additional 291 shares in the last quarter. Brooklyn Investment Group raised its position in Salesforce by 12.5% during the 1st quarter. Brooklyn Investment Group now owns 8,544 shares of the CRM provider's stock valued at $2,293,000 after purchasing an additional 950 shares in the last quarter. FCG Investment Co purchased a new stake in shares of Salesforce in the 1st quarter worth $2,054,000. Seven Mile Advisory grew its position in shares of Salesforce by 18.3% during the 1st quarter. Seven Mile Advisory now owns 2,085 shares of the CRM provider's stock worth $560,000 after buying an additional 323 shares in the last quarter. Finally, Corient IA LLC bought a new position in shares of Salesforce during the 1st quarter worth $537,000. 80.43% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on CRM. Erste Group Bank lowered shares of Salesforce from a "buy" rating to a "hold" rating in a research note on Thursday, June 5th. Mizuho dropped their price objective on shares of Salesforce from $425.00 to $380.00 and set an "outperform" rating on the stock in a research note on Thursday, May 15th. Wells Fargo & Company lifted their price objective on shares of Salesforce from $255.00 to $275.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Sanford C. Bernstein upped their target price on Salesforce from $243.00 to $255.00 and gave the stock an "underperform" rating in a report on Thursday, May 29th. Finally, Northland Securities cut their price target on Salesforce from $423.00 to $396.00 and set an "outperform" rating on the stock in a report on Thursday, May 29th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $342.89.
View Our Latest Analysis on CRM
Insider Buying and Selling at Salesforce
In related news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total transaction of $578,295.00. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $3,061,511,978.42. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 52,577 shares of company stock worth $13,528,188. 3.00% of the stock is owned by insiders.
Salesforce Stock Performance
Shares of CRM traded up $1.9260 during trading hours on Friday, reaching $247.7560. 4,629,045 shares of the company traded hands, compared to its average volume of 7,225,452. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average price of $258.58 and a 200-day moving average price of $273.10. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The stock has a market capitalization of $236.85 billion, a P/E ratio of 38.77, a P/E/G ratio of 2.24 and a beta of 1.37.
Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The CRM provider reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.55 by $0.03. Salesforce had a return on equity of 12.94% and a net margin of 16.08%.The company had revenue of $9.83 billion during the quarter, compared to analysts' expectations of $9.74 billion. During the same quarter in the previous year, the firm posted $2.44 EPS. The firm's revenue was up 7.6% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.270-11.330 EPS. Q2 2026 guidance at 2.760-2.780 EPS. Equities analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.
Salesforce Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were issued 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, June 18th. Salesforce's dividend payout ratio (DPR) is 25.98%.
Salesforce Profile
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Free Report)
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.
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