Doliver Advisors LP Sells 1,708 Shares of Salesforce Inc. $CRM

Key Points

• Doliver Advisors LP sold 1,708 shares of Salesforce Inc., reducing its holdings by 29.0% in the second quarter, now owning 4,186 shares valued at $1,141,000.
• Insiders have been active, with Director David Blair Kirk buying 3,400 shares and CEO Marc Benioff selling 2,250 shares, indicating mixed sentiments about the company's stock.
• Salesforce announced a quarterly dividend of $0.416 per share, payable on October 9th, representing an annualized yield of 0.7%.

Doliver Advisors LP reduced its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 29.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,186 shares of the CRM provider's stock after selling 1,708 shares during the quarter. Doliver Advisors LP's holdings in Salesforce were worth $1,141,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new stake in Salesforce during the 4th quarter valued at $25,000. Wood Tarver Financial Group LLC acquired a new stake in Salesforce during the 4th quarter valued at $35,000. Capital A Wealth Management LLC raised its stake in Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 90 shares during the period. CBIZ Investment Advisory Services LLC increased its stake in shares of Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after acquiring an additional 85 shares during the last quarter. Finally, Abound Financial LLC acquired a new position in shares of Salesforce in the first quarter worth $31,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Down 1.5%

Salesforce stock traded down $3.60 during mid-day trading on Friday, hitting $242.68. 8,382,442 shares of the company's stock were exchanged, compared to its average volume of 9,753,270. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The stock has a market cap of $231.03 billion, a P/E ratio of 35.27, a P/E/G ratio of 2.21 and a beta of 1.22. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The stock has a 50 day moving average of $253.21 and a two-hundred day moving average of $264.29.

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 for the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business's quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, 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 issued a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce's dividend payout ratio is 24.13%.

Insider Transactions at Salesforce

In other news, Director David Blair Kirk purchased 3,400 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was bought 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 of the company's stock, valued at approximately $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $246.66, for a total transaction of $554,985.00. Following the sale, the chief executive officer owned 11,911,571 shares of the company's stock, valued at $2,938,108,102.86. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,577 shares of company stock valued at $18,005,778 over the last 90 days. Corporate insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CRM shares. Oppenheimer dropped their price target on shares of Salesforce from $370.00 to $315.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 26th. Morgan Stanley upped their price target on shares of Salesforce from $404.00 to $405.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Wells Fargo & Company dropped their price target on shares of Salesforce from $275.00 to $265.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 4th. BMO Capital Markets dropped their price target on shares of Salesforce from $335.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday, September 4th. Finally, Macquarie reaffirmed a "neutral" rating and issued a $290.00 price target on shares of Salesforce in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $332.58.

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.