Eminence Capital LP Has $98.53 Million Position in Salesforce Inc. $CRM

Key Points

• Eminence Capital LP reduced its stake in Salesforce Inc. by 2.3%, selling 8,573 shares, leaving them with a total of 367,150 shares valued at approximately $98.5 million.
• Salesforce reported a 9.8% increase in revenue year-over-year, with an EPS of $2.91 for the last quarter, surpassing the consensus estimate.
• Insider activity included CEO Marc Benioff selling 2,250 shares for about $566,235, while company insiders have sold a total of 63,827 shares valued at over $16 million in the past three months.

Eminence Capital LP reduced its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 367,150 shares of the CRM provider's stock after selling 8,573 shares during the quarter. Eminence Capital LP's holdings in Salesforce were worth $98,528,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CRM. Bernard Wealth Management Corp. acquired a new position in shares of Salesforce in the fourth quarter worth approximately $25,000. Wood Tarver Financial Group LLC bought a new position in Salesforce in the 4th quarter valued at $35,000. Capital A Wealth Management LLC lifted its position in shares of 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 buying an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after purchasing an additional 85 shares in the last quarter. Finally, Abound Financial LLC bought a new position in Salesforce in the 1st quarter worth about $31,000. Institutional investors and hedge funds own 80.43% of the company's stock.

Insider Activity

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $241.50, for a total value of $543,375.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,876,644,396.50. This represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 66,077 shares of company stock valued at $16,885,773. Corporate insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. DA Davidson upgraded Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 price objective for the company in a report on Friday, August 15th. Barclays lowered their target price on Salesforce from $347.00 to $316.00 and set an "overweight" rating on the stock in a research report on Monday, August 18th. Canaccord Genuity Group lowered their price objective on Salesforce from $350.00 to $300.00 and set a "buy" rating on the stock in a research report on Thursday. Needham & Company LLC reissued a "buy" rating and set a $400.00 price objective on shares of Salesforce in a research note on Thursday. Finally, Oppenheimer dropped their price objective on Salesforce from $370.00 to $315.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $331.34.

Salesforce Trading Up 2.6%

Shares of CRM stock traded up $6.39 on Friday, hitting $250.40. The stock had a trading volume of 13,010,920 shares, compared to its average volume of 9,763,446. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $239.39 billion, a P/E ratio of 36.40, a P/E/G ratio of 2.21 and a beta of 1.22. The company's 50 day moving average price is $255.64 and its 200-day moving average price is $267.08.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.34% and a net margin of 16.87%.The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the company posted $2.56 earnings per share. The business's quarterly 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. Analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be issued 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 payout ratio is currently 25.98%.

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.