Salesforce Inc. $CRM Shares Sold by Curi RMB Capital LLC

Key Points

• Curi RMB Capital LLC reduced its holdings in Salesforce Inc. by 3.2%, selling 5,336 shares and holding a total of 159,288 shares worth approximately $42.75 million.
• Salesforce's earnings per share were reported at $2.91 for the last quarter, exceeding analyst estimates, with revenue increasing by 9.8% year-over-year, reaching $10.24 billion.
• Despite recent sell-offs, a significant portion (80.43%) of Salesforce's stock is owned by institutional investors, indicating strong institutional confidence in the company's performance.

Curi RMB Capital LLC trimmed its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 3.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 159,288 shares of the CRM provider's stock after selling 5,336 shares during the period. Salesforce makes up about 1.1% of Curi RMB Capital LLC's portfolio, making the stock its 17th biggest position. Curi RMB Capital LLC's holdings in Salesforce were worth $42,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Coign Capital Advisors LLC boosted its holdings in shares of Salesforce by 1.7% in the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider's stock worth $586,000 after purchasing an additional 37 shares during the period. Staley Capital Advisers Inc. boosted its holdings in shares of Salesforce by 1.1% in the 1st 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 during the period. Liberty One Investment Management LLC boosted its holdings in shares of Salesforce by 1.2% in the 1st quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider's stock worth $849,000 after purchasing an additional 39 shares during the period. First Command Advisory Services Inc. boosted its holdings 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 worth $154,000 after purchasing an additional 39 shares during the period. Finally, Mendel Money Management boosted its holdings in shares of Salesforce by 3.6% in the 1st quarter. Mendel Money Management now owns 1,112 shares of the CRM provider's stock worth $298,000 after purchasing an additional 39 shares during the period. Hedge funds and other institutional investors own 80.43% of the company's stock.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $241.50, for a total value of $543,375.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $2,876,644,396.50. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 66,077 shares of company stock valued at $16,885,773 over the last ninety days. 3.00% of the stock is currently owned by company insiders.

Salesforce Price Performance

Shares of Salesforce stock traded up $6.39 during mid-day trading on Friday, reaching $250.40. 13,010,920 shares of the stock traded hands, compared to its average volume of 9,763,446. The business has a 50-day moving average of $255.64 and a 200 day moving average of $267.08. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The stock has a market capitalization of $239.39 billion, a PE ratio of 36.40, a PEG ratio of 2.21 and a beta of 1.22. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM - Get Free Report) last announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.34% and a net margin of 16.87%.The business had revenue of $10.24 billion during the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter in the prior year, the firm earned $2.56 earnings per share. The business's 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. On average, analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be issued a $0.416 dividend. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce's dividend payout ratio (DPR) is currently 25.98%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CRM shares. Royal Bank Of Canada dropped their target price on Salesforce from $275.00 to $250.00 and set a "sector perform" rating for the company in a report on Thursday. Sanford C. Bernstein decreased their target price on Salesforce from $255.00 to $221.00 and set an "underperform" rating for the company in a research report on Thursday. JMP Securities reissued a "market outperform" rating and issued a $430.00 price target on shares of Salesforce in a research report on Tuesday. DA Davidson raised Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 price target for the company in a research report on Friday, August 15th. Finally, BMO Capital Markets lowered their target price on Salesforce from $335.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Salesforce has a consensus rating of "Moderate Buy" and an average target price of $331.34.

About Salesforce

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.