Premier Path Wealth Partners LLC Sells 2,640 Shares of Salesforce Inc. $CRM

Key Points

• Premier Path Wealth Partners cut its Salesforce position by 29.2%, selling 2,640 shares and retaining 6,404 shares valued at approximately $1.003 million. Institutional investors collectively own 80.43% of Salesforce.
• Analyst sentiment remains positive: Salesforce has a consensus “Moderate Buy” rating and an average price target of $266.50, with several firms recently raising their targets to as high as $300.
• Salesforce reported quarterly revenue of $11.35 billion and adjusted earnings of $5.90 per share, exceeding expectations, while AI-related Agentforce and Data 360 annual recurring revenue approached $3.9 billion. The company also declared a quarterly dividend of $0.44 per share.

Premier Path Wealth Partners LLC decreased its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 29.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,404 shares of the CRM provider's stock after selling 2,640 shares during the quarter. Premier Path Wealth Partners LLC's holdings in Salesforce were worth $1,003,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Temasek Holdings Private Ltd boosted its position in shares of Salesforce by 3.7% during the fourth quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider's stock valued at $181,143,000 after buying an additional 24,332 shares during the last quarter. SFE Investment Counsel raised its position in Salesforce by 82.7% in the 4th quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider's stock worth $4,608,000 after buying an additional 7,871 shares during the last quarter. Fluent Financial LLC bought a new position in Salesforce during the 2nd quarter valued at about $2,265,000. Secured Retirement Advisors LLC bought a new position in Salesforce during the 1st quarter valued at about $1,004,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of Salesforce by 2.5% during the 1st quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider's stock valued at $23,846,000 after acquiring an additional 3,125 shares during the last quarter. Institutional investors own 80.43% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CRM. Argus boosted their price objective on shares of Salesforce from $290.00 to $300.00 and gave the company a "buy" rating in a report on Monday, August 31st. Citigroup raised their target price on shares of Salesforce from $204.00 to $233.00 and gave the stock a "neutral" rating in a report on Thursday, August 27th. Truist Financial reaffirmed a "buy" rating and issued a $300.00 target price (up from $280.00) on shares of Salesforce in a research report on Thursday, August 27th. Mizuho boosted their target price on shares of Salesforce from $250.00 to $265.00 and gave the company an "outperform" rating in a research note on Thursday, August 27th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Salesforce in a report on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $266.50.

Insider Activity at Salesforce

In other news, Director Craig Conway sold 4,500 shares of Salesforce stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the transaction, the director directly owned 5,437 shares of the company's stock, valued at $1,416,936.57. The trade was a 45.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.50% of the stock is owned by company insiders.

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: AI growth is becoming material: Agentforce and Data 360 annual recurring revenue reached nearly $3.9 billion, up more than 210% year over year. Agentforce ARR exceeded $1.5 billion and grew more than 240%, supporting the view that Salesforce is successfully monetizing artificial intelligence. Salesforce Grew Agentforce and Data 360 ARR More Than 200%
• Positive Sentiment: Analyst support remains strong: Cantor Fitzgerald raised its Salesforce price target to $300, while BTIG reaffirmed its “Buy” rating and said it is increasingly confident in improving business trends. Cantor Fitzgerald Raises Salesforce Price Target
• Positive Sentiment: Shareholder returns: Salesforce declared a quarterly cash dividend of $0.44 per share, payable October 8 to shareholders of record September 17. The dividend provides a modest income component and signals continued confidence in cash generation. Salesforce Announces Quarterly Dividend

Salesforce Stock Down 1.9%

Shares of CRM stock opened at $259.39 on Friday. Salesforce Inc. has a 12 month low of $146.32 and a 12 month high of $269.11. The stock has a market cap of $213.48 billion, a P/E ratio of 23.65, a P/E/G ratio of 1.23 and a beta of 1.20. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02. The company has a 50 day simple moving average of $191.88 and a two-hundred day simple moving average of $185.00.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, topping the consensus estimate of $3.27 by $2.63. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The business had revenue of $11.35 billion for the quarter, compared to analysts' expectations of $11.33 billion. During the same quarter last year, the company posted $2.91 EPS. The company's revenue was up 10.8% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. On average, research analysts expect that Salesforce Inc. will post 12.64 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $1.76 annualized dividend and a dividend yield of 0.7%. Salesforce's dividend payout ratio (DPR) is 16.04%.

Salesforce Company Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.

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