Osterweis Capital Management Inc. Sells 1,120 Shares of Salesforce Inc. $CRM

Key Points

• Osterweis Capital Management Inc. reduced its stake in Salesforce Inc. by 1.0%, selling 1,120 shares in the first quarter and now holds 115,614 shares valued at $31 million.
• Salesforce's latest earnings report showed a 9.8% year-over-year revenue increase to $10.24 billion, with an EPS of $2.91, exceeding the consensus estimate.
• The company declared a quarterly dividend of $0.416 per share, with a dividend yield of 0.7%, to be paid on October 9th.

Osterweis Capital Management Inc. cut its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 1.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 115,614 shares of the CRM provider's stock after selling 1,120 shares during the quarter. Osterweis Capital Management Inc.'s holdings in Salesforce were worth $31,026,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Coign Capital Advisors LLC boosted its position in Salesforce by 1.7% during the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider's stock valued at $586,000 after purchasing an additional 37 shares during the last quarter. Staley Capital Advisers Inc. boosted its holdings in shares of Salesforce by 1.1% in the 1st quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider's stock valued at $897,000 after buying an additional 38 shares during the last quarter. KDT Advisors LLC boosted its holdings in shares of Salesforce by 4.1% in the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider's stock valued at $260,000 after buying an additional 38 shares during the last quarter. Liberty One Investment Management LLC boosted its holdings in shares of Salesforce by 1.2% in the 1st quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider's stock valued at $849,000 after buying an additional 39 shares during the last quarter. Finally, First Command Advisory Services Inc. boosted its holdings in shares of Salesforce by 7.3% in the 1st quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider's stock valued at $154,000 after buying an additional 39 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Performance

Shares of NYSE CRM opened at $246.26 on Friday. 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 12 month low of $226.48 and a 12 month high of $369.00. The stock has a 50 day moving average of $253.79 and a 200-day moving average of $265.23. The company has a market capitalization of $234.44 billion, a P/E ratio of 35.79, a P/E/G ratio of 2.21 and a beta of 1.22.

Salesforce (NYSE:CRM - Get Free Report) last issued 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. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the company posted $2.56 EPS. The firm's revenue for the quarter 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. As a group, equities research analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

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 given a dividend of $0.416 per share. 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 (DPR) is presently 24.13%.

Analyst Ratings Changes

Several equities research analysts have recently commented on CRM shares. UBS Group cut their price objective on Salesforce from $300.00 to $260.00 and set a "neutral" rating for the company in a report on Monday, August 18th. JPMorgan Chase & Co. cut their price objective on Salesforce from $380.00 to $365.00 and set an "overweight" rating for the company in a report on Thursday, September 4th. The Goldman Sachs Group increased their price objective on Salesforce from $340.00 to $385.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Robert W. Baird cut their price objective on Salesforce from $365.00 to $325.00 and set an "outperform" rating for the company in a report on Thursday, September 4th. Finally, Bank of America cut their price objective on Salesforce from $350.00 to $325.00 and set a "buy" rating for the company in a report on Tuesday, August 26th. One equities research 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 given a Sell rating to the stock. According to data from MarketBeat, Salesforce has a consensus rating of "Moderate Buy" and an average target price of $332.58.

Insider Buying and Selling at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction 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 transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $3,061,511,978.42. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of the stock in a transaction on Tuesday, September 9th. The shares were purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the transaction, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 70,577 shares of company stock worth $18,005,778 in the last quarter. Company insiders own 3.00% of the company's stock.

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.

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