Salesforce Inc. $CRM Shares Sold by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. reduced its stake in Salesforce Inc. by 15.7%, selling 206,568 shares and holding 1,107,675 shares worth approximately $297 million as of the latest SEC filing.
• Salesforce recently declared a quarterly dividend of $0.416, with a yield of 0.7% and a current dividend payout ratio of 25.98%.
• Analysts have varied price targets for Salesforce, with a consensus rating of "Moderate Buy" and an average target price of $342.89.

1832 Asset Management L.P. trimmed its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 15.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,107,675 shares of the CRM provider's stock after selling 206,568 shares during the period. 1832 Asset Management L.P. owned 0.12% of Salesforce worth $297,256,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in CRM. Vanguard Group Inc. boosted its stake in shares of Salesforce by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider's stock worth $23,592,501,000 after purchasing an additional 1,383,942 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Salesforce by 18.3% during the 4th quarter. Northern Trust Corp now owns 11,224,927 shares of the CRM provider's stock worth $3,752,830,000 after purchasing an additional 1,736,667 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Salesforce by 5.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider's stock worth $2,419,037,000 after purchasing an additional 437,435 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Salesforce by 7.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,658,132 shares of the CRM provider's stock worth $2,894,673,000 after purchasing an additional 602,445 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of Salesforce by 1.3% during the 4th quarter. Nuveen Asset Management LLC now owns 8,598,989 shares of the CRM provider's stock worth $2,874,900,000 after purchasing an additional 114,278 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total value of $578,295.00. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,061,511,978.42. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 52,577 shares of company stock valued at $13,528,188 in the last 90 days. Company insiders own 3.00% of the company's stock.

Salesforce Price Performance

CRM opened at $245.7830 on Friday. The company's 50 day simple moving average is $258.58 and its 200 day simple moving average is $273.10. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.07 and a current ratio of 1.07. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The stock has a market capitalization of $234.97 billion, a PE ratio of 38.46, a P/E/G ratio of 2.24 and a beta of 1.37.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The CRM provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.55 by $0.03. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. The firm had revenue of $9.83 billion for the quarter, compared to analyst estimates of $9.74 billion. During the same quarter last year, the firm posted $2.44 earnings per share. Salesforce's revenue for the quarter was up 7.6% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.270-11.330 EPS. Q2 2026 guidance at 2.760-2.780 EPS. As a group, sell-side analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were issued a $0.416 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce's dividend payout ratio (DPR) is presently 25.98%.

Analysts Set New Price Targets

CRM has been the topic of several analyst reports. Oppenheimer reaffirmed an "outperform" rating and set a $370.00 price target on shares of Salesforce in a research note on Tuesday, June 10th. Sanford C. Bernstein raised their price target on shares of Salesforce from $243.00 to $255.00 and gave the stock an "underperform" rating in a research note on Thursday, May 29th. Morgan Stanley reaffirmed an "overweight" rating and set a $404.00 price target (up from $393.00) on shares of Salesforce in a research note on Thursday, May 29th. UBS Group decreased their price target on shares of Salesforce from $300.00 to $260.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, Stephens decreased their target price on shares of Salesforce from $311.00 to $309.00 and set an "equal weight" rating on the stock in a research report on Friday, May 30th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $342.89.

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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