Salesforce Inc. $CRM Shares Sold by Burns J W & Co. Inc. NY

Key Points

• Burns J W & Co. Inc. NY has reduced its stake in Salesforce Inc. by 20.2%, owning 6,774 shares valued at approximately $1.85 million after selling 1,719 shares.
• Several institutional investors, including Nuveen LLC and GAMMA Investing LLC, have made significant investments in Salesforce, indicating strong institutional interest in the company.
• Salesforce reported earnings of $2.91 EPS, exceeding estimates, with a revenue of $10.24 billion, and has announced a quarterly dividend of $0.416 per share.

Burns J W & Co. Inc. NY cut its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 20.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,774 shares of the CRM provider's stock after selling 1,719 shares during the quarter. Burns J W & Co. Inc. NY's holdings in Salesforce were worth $1,847,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Coign Capital Advisors LLC raised its position in shares of Salesforce by 1.7% in the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider's stock valued at $586,000 after buying an additional 37 shares during the last quarter. Staley Capital Advisers Inc. lifted its position in shares of Salesforce by 1.1% in the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider's stock worth $897,000 after purchasing an additional 38 shares in the last quarter. KDT Advisors LLC grew its holdings in Salesforce by 4.1% during the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider's stock valued at $260,000 after purchasing an additional 38 shares during the last quarter. Liberty One Investment Management LLC grew its stake in shares of Salesforce by 1.2% in the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider's stock worth $849,000 after acquiring an additional 39 shares during the last quarter. Finally, First Command Advisory Services Inc. boosted its stake in shares of Salesforce by 7.3% in the 1st quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider's stock valued at $154,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 80.43% of the company's stock.

Wall Street Analysts Forecast Growth

CRM has been the topic of a number of recent analyst reports. Piper Sandler decreased their target price on Salesforce from $335.00 to $315.00 and set an "overweight" rating on the stock in a report on Thursday, September 4th. DA Davidson raised Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 target price on the stock in a research report on Friday, August 15th. Bank of America decreased their price objective on Salesforce from $350.00 to $325.00 and set a "buy" rating on the stock in a research note on Tuesday, August 26th. Macquarie reiterated a "neutral" rating and issued a $290.00 price objective on shares of Salesforce in a report on Thursday, September 4th. Finally, Oppenheimer reduced their target price on Salesforce from $370.00 to $315.00 and set an "outperform" rating on the stock in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Salesforce currently has a consensus rating of "Moderate Buy" and a consensus price target of $332.58.

Salesforce Stock Up 0.7%

Shares of NYSE:CRM traded up $1.82 during midday trading on Monday, hitting $248.91. 2,828,743 shares of the company's stock traded hands, compared to its average volume of 7,585,261. The company has a market cap of $236.96 billion, a PE ratio of 36.20, a P/E/G ratio of 2.25 and a beta of 1.22. The firm's fifty day moving average price is $250.77 and its two-hundred day moving average price is $262.61. 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 Inc. has a twelve month low of $226.48 and a twelve month high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. The firm 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%. Salesforce's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. On average, equities research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be paid a $0.416 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce's dividend payout ratio (DPR) is currently 24.13%.

Insider Buying and Selling at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $269.38, for a total transaction of $606,105.00. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $3,208,738,995.98. The trade was a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Blair Kirk acquired 3,400 shares of the business's stock in a transaction on Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the acquisition, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 74,250 shares of company stock worth $18,844,155. Corporate insiders own 3.00% of the company's stock.

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.