Salesforce Inc. $CRM Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in Salesforce by 26.2%, holding 362,232 shares valued at approximately $98.5 million after selling 128,562 shares.
• Salesforce's latest earnings report showed $2.91 EPS, surpassing estimates, with revenue of $10.24 billion, representing a year-over-year growth of 9.8%.
• The company announced a quarterly dividend of $0.416 per share, yielding approximately 0.7% annually, reflecting a dividend payout ratio of 24.13%.

Allspring Global Investments Holdings LLC cut its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 26.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 362,232 shares of the CRM provider's stock after selling 128,562 shares during the period. Allspring Global Investments Holdings LLC's holdings in Salesforce were worth $98,495,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Yarger Wealth Strategies LLC purchased a new stake in shares of Salesforce during the 2nd quarter valued at $248,000. Clarendon Private LLC grew its stake in shares of Salesforce by 4.5% during the 2nd quarter. Clarendon Private LLC now owns 2,603 shares of the CRM provider's stock valued at $710,000 after buying an additional 113 shares during the period. GW Henssler & Associates Ltd. grew its stake in shares of Salesforce by 3.0% during the 2nd quarter. GW Henssler & Associates Ltd. now owns 68,427 shares of the CRM provider's stock valued at $18,659,000 after buying an additional 1,977 shares during the period. Valley Brook Capital Group Inc. grew its stake in shares of Salesforce by 5.5% during the 2nd quarter. Valley Brook Capital Group Inc. now owns 4,969 shares of the CRM provider's stock valued at $1,355,000 after buying an additional 260 shares during the period. Finally, CWM LLC grew its stake in shares of Salesforce by 10.2% during the 2nd quarter. CWM LLC now owns 100,739 shares of the CRM provider's stock valued at $27,470,000 after buying an additional 9,338 shares during the period. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Stock Performance

Shares of Salesforce stock opened at $248.77 on Tuesday. The firm has a market cap of $236.83 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 2.09 and a beta of 1.19. The firm's 50-day simple moving average is $244.61 and its 200-day simple moving average is $258.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior 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. Equities analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were paid a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce's dividend payout ratio is 24.13%.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $239.79, for a total value of $539,527.50. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,856,275,610.09. This represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 76,500 shares of company stock valued at $19,049,130. Corporate insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CRM. Citigroup boosted their price objective on shares of Salesforce from $275.00 to $276.00 and gave the company a "neutral" rating in a research note on Tuesday, September 9th. Sanford C. Bernstein decreased their price target on shares of Salesforce from $255.00 to $221.00 and set an "underperform" rating for the company in a research report on Thursday, September 4th. Piper Sandler decreased their price target on shares of Salesforce from $335.00 to $315.00 and set an "overweight" rating for the company in a research report on Thursday, September 4th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $325.00 price target on shares of Salesforce in a research report on Thursday, September 4th. Finally, Wall Street Zen raised shares of Salesforce from a "hold" rating to a "buy" rating in a research report on Saturday. Twenty-six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $331.89.

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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