EP Wealth Advisors LLC Has $28.92 Million Stock Holdings in Salesforce Inc. $CRM

Key Points

• EP Wealth Advisors LLC increased its stake in Salesforce Inc. by 2.7%, owning a total of 107,781 shares valued at approximately $28.9 million.
• Salesforce’s CEO, Marc Benioff, sold 2,250 shares for about $578,295, reducing his direct ownership slightly, while total insider selling reached 59,327 shares worth over $15.2 million in the last quarter.
• Analysts have mixed ratings on Salesforce, with a consensus of a "Moderate Buy" and a target price around $341.47, while some firms like Goldman Sachs raised their price targets to $385.00.

EP Wealth Advisors LLC grew its position in Salesforce Inc. (NYSE:CRM - Free Report) by 2.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,781 shares of the CRM provider's stock after purchasing an additional 2,882 shares during the quarter. EP Wealth Advisors LLC's holdings in Salesforce were worth $28,924,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Salesforce by 1.6% in the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider's stock valued at $23,592,501,000 after purchasing an additional 1,383,942 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Salesforce by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider's stock valued at $2,419,037,000 after purchasing an additional 437,435 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Salesforce by 7.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,658,132 shares of the CRM provider's stock worth $2,894,673,000 after acquiring an additional 602,445 shares during the period. Nuveen Asset Management LLC increased its position in Salesforce by 1.3% during the fourth quarter. Nuveen Asset Management LLC now owns 8,598,989 shares of the CRM provider's stock worth $2,874,900,000 after acquiring an additional 114,278 shares during the period. Finally, Nuveen LLC bought a new position in Salesforce during the first quarter worth $2,039,196,000. Institutional investors own 80.43% of the company's stock.

Salesforce Price Performance

NYSE CRM traded down $12.48 on Thursday, hitting $243.98. 25,299,697 shares of the company were exchanged, compared to its average volume of 7,416,281. The firm has a 50 day moving average of $256.61 and a two-hundred day moving average of $268.18. The company has a market cap of $233.24 billion, a P/E ratio of 38.15, a P/E/G ratio of 2.33 and a beta of 1.22. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share 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 return on equity of 12.94% and a net margin of 16.08%.The company's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $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 analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Insiders Place Their Bets

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total transaction of $578,295.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares of the company's stock, valued at $3,061,511,978.42. This represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 63,827 shares of company stock worth $16,342,398. Corporate insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

CRM has been the topic of a number of research reports. Westpark Capital reaffirmed a "buy" rating and set a $320.00 target price on shares of Salesforce in a research report on Wednesday, May 28th. Piper Sandler dropped their target price on shares of Salesforce from $335.00 to $315.00 and set an "overweight" rating on the stock in a research report on Thursday. Morgan Stanley boosted their target price on shares of Salesforce from $404.00 to $405.00 and gave the stock an "overweight" rating in a research report on Tuesday. Northland Securities dropped their target price on shares of Salesforce from $423.00 to $396.00 and set an "outperform" rating on the stock in a research report on Thursday, May 29th. Finally, Macquarie reissued a "neutral" rating and issued a $290.00 price target on shares of Salesforce in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $331.34.

Salesforce 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.