Quattro Financial Advisors LLC Cuts Position in Salesforce Inc. $CRM

Key Points

• Quattro Financial Advisors LLC reduced its position in Salesforce by 28.6%, selling 10,000 shares and maintaining 25,000 shares, which represent approximately 2.4% of its portfolio.
• Salesforce's quarterly earnings beat expectations with $2.91 earnings per share, and the company reported a revenue of $10.24 billion, showing a year-over-year revenue increase of 9.8%.
• Insider trading activity includes Director David Blair Kirk buying 3,400 shares and CEO Marc Benioff selling 2,250 shares, with the latter's sale reflecting a 0.02% decrease in his ownership.

Quattro Financial Advisors LLC decreased its position in Salesforce Inc. (NYSE:CRM - Free Report) by 28.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,000 shares of the CRM provider's stock after selling 10,000 shares during the quarter. Salesforce accounts for approximately 2.4% of Quattro Financial Advisors LLC's portfolio, making the stock its 13th largest position. Quattro Financial Advisors LLC's holdings in Salesforce were worth $6,817,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CRM. Painted Porch Advisors LLC increased its position in shares of Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock worth $25,000 after acquiring an additional 65 shares during the period. Capital A Wealth Management LLC increased its position in shares of Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after acquiring an additional 90 shares during the period. CBIZ Investment Advisory Services LLC increased its position in shares of Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after acquiring an additional 85 shares during the period. Abound Financial LLC purchased a new stake in shares of Salesforce during the first quarter worth $31,000. Finally, Christopher J. Hasenberg Inc increased its position in shares of Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock worth $32,000 after acquiring an additional 92 shares during the period. Hedge funds and other institutional investors own 80.43% of the company's stock.

Insider Buying and Selling at Salesforce

In other Salesforce news, Director David Blair Kirk bought 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The shares were acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director owned 3,824 shares of the company's stock, valued at $973,819.84. The trade was a 801.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $265.77, for a total transaction of $597,982.50. Following the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,165,738,224.67. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 81,000 shares of company stock worth $20,357,213 in the last 90 days. Company insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Piper Sandler cut their price objective on Salesforce from $335.00 to $315.00 and set an "overweight" rating on the stock in a research report on Thursday, September 4th. BMO Capital Markets lowered their target price on shares of Salesforce from $335.00 to $280.00 and set an "outperform" rating for the company in a research note on Thursday, September 4th. Stifel Nicolaus lowered their target price on shares of Salesforce from $375.00 to $325.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Wells Fargo & Company dropped their price objective on Salesforce from $275.00 to $265.00 and set an "equal weight" rating on the stock in a report on Thursday, September 4th. Finally, JMP Securities reiterated a "market outperform" rating and set a $430.00 target price on shares of Salesforce in a research note on Tuesday, September 2nd. Twenty-six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $332.58.

Salesforce Stock Up 1.4%

Shares of CRM opened at $239.01 on Friday. The firm has a market cap of $227.53 billion, a PE ratio of 34.74, a price-to-earnings-growth ratio of 2.04 and a beta of 1.19. The company's fifty day moving average is $247.24 and its two-hundred day moving average is $260.59. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two 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.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share 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 analyst estimates of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter 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. Analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be issued a dividend of $0.416 per share. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce's 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.

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