Salesforce Inc. $CRM Shares Sold by Laidlaw Wealth Management LLC

Key Points

• Laidlaw Wealth Management LLC has significantly reduced its stake in Salesforce Inc. by 82.3%, leaving it with just 781 shares valued at approximately $210,000.
• Institutional investors have shown mixed activity, with some like Alecta Tjanstepension Omsesidigt increasing their holdings in Salesforce by 121.9%, while Laidlaw has sold off its shares.
• Salesforce's recent earnings report indicates a strong performance, with earnings per share of $2.91, exceeding analysts' expectations, and the company has also announced a $0.416 quarterly dividend.

Laidlaw Wealth Management LLC lowered its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 82.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 781 shares of the CRM provider's stock after selling 3,622 shares during the period. Laidlaw Wealth Management LLC's holdings in Salesforce were worth $210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bernard Wealth Management Corp. acquired a new stake in Salesforce in the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC increased its position in shares of Salesforce by 450.0% in 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 last quarter. CBIZ Investment Advisory Services LLC increased its position in shares of Salesforce by 314.8% in 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 during the last quarter. Abound Financial LLC acquired a new stake in shares of Salesforce in the 1st quarter valued at $31,000. Finally, Wood Tarver Financial Group LLC purchased a new stake in shares of Salesforce during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 80.43% of the company's stock.

Insider Buying and Selling

In other news, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $251.12, for a total transaction of $565,020.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $2,991,233,709.52. This represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 68,327 shares of company stock valued at $17,450,793 over the last three months. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CRM has been the topic of several recent analyst reports. Bank of America dropped their target price on Salesforce from $350.00 to $325.00 and set a "buy" rating on the stock in a report on Tuesday, August 26th. Westpark Capital reaffirmed a "buy" rating and set a $320.00 price objective on shares of Salesforce in a research report on Wednesday, May 28th. UBS Group cut their target price on Salesforce from $300.00 to $260.00 and set a "neutral" rating on the stock in a research report on Monday, August 18th. Citigroup boosted their target price on Salesforce from $275.00 to $276.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Sanford C. Bernstein dropped their price target on shares of Salesforce from $255.00 to $221.00 and set an "underperform" rating on the stock 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $332.58.

Salesforce Stock Performance

Shares of CRM traded down $0.15 during mid-day trading on Tuesday, hitting $252.12. 9,701,035 shares of the company's stock were exchanged, compared to its average volume of 10,067,425. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The business's 50 day moving average is $254.82 and its two-hundred day moving average is $265.82. The firm has a market capitalization of $240.02 billion, a P/E ratio of 36.65, a P/E/G ratio of 2.30 and a beta of 1.22.

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 (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion for the quarter, compared to analysts' expectations of $10.14 billion. During the same period in the previous year, the company posted $2.56 EPS. Salesforce'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, equities analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be given a $0.416 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce's dividend payout ratio is presently 24.13%.

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.