Forum Financial Management LP Has $2.50 Million Position in Salesforce Inc. $CRM

Forum Financial Management LP lessened its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 12.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,160 shares of the CRM provider's stock after selling 1,317 shares during the period. Forum Financial Management LP's holdings in Salesforce were worth $2,498,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Painted Porch Advisors LLC increased its stake in Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Capital A Wealth Management LLC increased 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 in the last quarter. CBIZ Investment Advisory Services LLC increased its stake in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 85 shares in the last quarter. Abound Financial LLC bought a new stake in Salesforce during the 1st quarter valued at $31,000. Finally, Christopher J. Hasenberg Inc increased its stake in Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock valued at $32,000 after purchasing an additional 92 shares in the last quarter. Institutional investors own 80.43% of the company's stock.

Salesforce Price Performance

NYSE CRM opened at $256.78 on Thursday. The company has a market cap of $244.45 billion, a PE ratio of 37.32, a price-to-earnings-growth ratio of 2.17 and a beta of 1.19. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The firm's 50-day simple moving average is $245.85 and its two-hundred day simple moving average is $257.92.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. The business 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 company's revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Research analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were issued a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce's dividend payout ratio is presently 24.13%.

Wall Street Analyst Weigh In

CRM has been the subject of a number of recent research reports. DA Davidson restated a "neutral" rating and set a $225.00 price target on shares of Salesforce in a research note on Thursday, October 16th. Roth Capital reiterated a "buy" rating and issued a $395.00 target price on shares of Salesforce in a research note on Thursday, September 4th. JMP Securities restated a "market outperform" rating and set a $430.00 price target on shares of Salesforce in a research report on Friday, October 17th. Oppenheimer reduced their price target on shares of Salesforce from $370.00 to $315.00 and set an "outperform" rating for the company in a research report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Salesforce from $380.00 to $365.00 and set an "overweight" rating for the company in a research report on Thursday, September 4th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Salesforce has an average rating of "Moderate Buy" and a consensus price target of $325.23.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $252.28, for a total value of $567,630.00. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $3,005,051,131.88. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 78,750 shares of company stock valued at $19,448,213 over the last quarter. Corporate insiders own 3.00% of the company's stock.

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.

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