Corient Private Wealth LP Sells 134,172 Shares of Salesforce Inc. $CRM

Key Points

• Corient Private Wealth reduced its Salesforce stake by 32.1% in the second quarter, selling 134,172 shares and retaining 283,337 shares valued at approximately $44.4 million. Institutional investors collectively own 80.43% of Salesforce.
• Salesforce reported strong recent fundamentals: quarterly EPS of $5.90 surpassed the $3.27 consensus estimate, while revenue rose 10.8% year over year to $11.35 billion. The company also declared a quarterly dividend of $0.44 per share.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $267.12. Salesforce’s AI expansion and acquisitions support growth prospects, though competition, acquisition spending, debt and potential technical resistance remain risks.

Corient Private Wealth LP decreased its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 32.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 283,337 shares of the CRM provider's stock after selling 134,172 shares during the period. Corient Private Wealth LP's holdings in Salesforce were worth $44,389,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Commonwealth Retirement Investments LLC purchased a new stake in Salesforce in the 4th quarter valued at about $25,000. Manning & Napier Advisors LLC bought a new stake in shares of Salesforce during the second quarter valued at approximately $26,000. Gilpin Wealth Management LLC bought a new stake in shares of Salesforce during the fourth quarter valued at approximately $26,000. Persistent Asset Partners Ltd purchased a new stake in shares of Salesforce in the second quarter valued at approximately $27,000. Finally, Costello Asset Management INC grew its stake in Salesforce by 410.3% in the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider's stock worth $28,000 after purchasing an additional 119 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors.

Insider Activity at Salesforce

In related news, Director Craig Conway sold 4,500 shares of the business's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the completion of the transaction, the director owned 5,437 shares in the company, valued at $1,416,936.57. The trade was a 45.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.50% of the stock is currently owned by company insiders.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: AI acquisition strategy is accelerating. Salesforce completed its acquisition of Fin, formerly Intercom, adding an AI customer-agent platform, a technical AI team and more than 30,000 customers. The company is also reportedly in talks to acquire voice-AI market-research startup Listen Labs for approximately $2 billion, potentially strengthening its customer-data and AI capabilities. Salesforce Completes Acquisition of Fin Salesforce Eyes $2 Billion Acquisition of Listen Labs
• Positive Sentiment: Salesforce is expanding its enterprise AI ecosystem. Its new Enterprise AI Harness is designed to coordinate multiple models and agents using shared business context, while the Claudeforce partnership with Anthropic combines Claude with Salesforce CRM. These initiatives support the company’s argument that Agentforce and related products can drive future growth. Salesforce’s Enterprise AI Harness Salesforce and Anthropic Announce Claudeforce
• Positive Sentiment: Recent fundamentals remain supportive. Salesforce’s latest quarter beat EPS estimates by a wide margin, revenue increased 10.8% year over year, and profitability improved. This strong report helped reverse the market’s earlier concern that AI would undermine Salesforce’s core business.
• Neutral Sentiment: Investor attention is unusually high. Zacks identifies CRM as a trending stock, while analysts and investors weigh its earnings momentum, Agentforce growth and upcoming Dreamforce commentary. Some coverage frames the recent rally as a reason to take profits rather than add exposure. Salesforce Is a Trending Stock
• Negative Sentiment: Competitive and technical risks remain. Microsoft is marketing an AI-powered migration tool to win Salesforce customers for Dynamics 365, while AI-native startup Lightfield raised $47 million to develop a potential Salesforce alternative. Technical analysts also warn that CRM may be running into chart resistance after its sharp advance, and some investors question whether rising debt and acquisition spending increase risk.

Salesforce Trading Up 1.8%

CRM opened at $247.41 on Friday. The firm has a market cap of $203.62 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 1.13 and a beta of 1.20. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02. Salesforce Inc. has a 12 month low of $146.32 and a 12 month high of $269.11. The stock has a fifty day moving average price of $200.54 and a 200-day moving average price of $187.17.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, beating analysts' consensus estimates of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The company had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.33 billion. During the same quarter last year, the company earned $2.91 earnings per share. The firm's revenue for the quarter was up 10.8% compared to the same quarter last year. 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 research analysts anticipate that Salesforce Inc. will post 12.83 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be given a $0.44 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce's payout ratio is presently 16.04%.

Analysts Set New Price Targets

Several research firms have commented on CRM. Needham & Company LLC restated a "buy" rating and set a $400.00 price objective on shares of Salesforce in a report on Wednesday, September 2nd. Morgan Stanley set a $315.00 price target on Salesforce in a research report on Wednesday, September 2nd. BTIG Research restated a "buy" rating and set a $300.00 price target on shares of Salesforce in a research note on Wednesday, September 2nd. Wolfe Research upgraded Salesforce from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 27th. Finally, Evercore reaffirmed an "outperform" rating on shares of Salesforce in a research note on Thursday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $267.12.

Salesforce 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.

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