Salesforce Inc. $CRM Shares Sold by Allworth Financial LP

Key Points

• Allworth Financial reduced its Salesforce position by 24.4% in the second quarter, selling 12,593 shares and retaining 39,089 shares valued at approximately $6.1 million. Institutional investors collectively own about 80.4% of Salesforce.
• Salesforce reported stronger-than-expected quarterly results, with adjusted earnings of $5.90 per share and revenue of $11.35 billion, up 10.8% year over year. The company also declared a quarterly dividend of $0.44 per share.
• Analysts remain broadly positive, but valuation and execution risks persist. Salesforce has a “Moderate Buy” consensus rating and an average price target of $266.50, while investors are watching Agentforce adoption, a potential $2 billion Listen Labs acquisition and whether the stock’s recent rally has left limited upside.

Allworth Financial LP lessened its position in Salesforce Inc. (NYSE:CRM - Free Report) by 24.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,089 shares of the CRM provider's stock after selling 12,593 shares during the quarter. Allworth Financial LP's holdings in Salesforce were worth $6,124,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Commonwealth Retirement Investments LLC acquired a new position in shares of Salesforce in the fourth quarter worth $25,000. Gilpin Wealth Management LLC purchased a new position in Salesforce in the fourth quarter valued at $26,000. Birchwood Financial Partners Inc. acquired a new position in Salesforce during the 4th quarter worth $28,000. Swiss RE Ltd. purchased a new stake in Salesforce during the 4th quarter worth about $28,000. Finally, Texas Capital Bancshares Inc TX acquired a new stake in Salesforce in the 3rd quarter valued at about $28,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Agentforce momentum is improving. Agentforce annual recurring revenue reportedly surpassed $1.5 billion, signaling increasing customer adoption of Salesforce’s AI agents. However, the business remains relatively small compared with Salesforce’s overall revenue base, suggesting a gradual rather than explosive effect on growth. Agentforce ARR Hits $1.5B: Can It Boost Salesforce's Revenue Growth?
• Positive Sentiment: Analysts continue to identify long-term growth potential. Coverage points to stabilizing growth, rising AI monetization and a valuation that remains below some major enterprise-software peers. Salesforce’s recent earnings beat, including quarterly revenue of $11.35 billion and earnings of $5.90 per share, also supports the bullish case. Why Salesforce Is a Top Growth Stock for the Long Term
• Neutral Sentiment: Investors are awaiting next week’s Dreamforce and Investor Day events. Management could provide additional details on Agentforce adoption, AI monetization and future growth targets, potentially clarifying whether the recent rally can continue. Salesforce Is Nearly Fully Priced: Why Bulls Say This Is Just the Beginning
• Negative Sentiment: Salesforce is reportedly in preliminary talks to acquire Listen Labs for approximately $2 billion. The AI customer-research platform was last valued at about $500 million, raising concerns about the purchase price, integration risk and whether the acquisition will generate sufficient returns. The uncertainty appears to be weighing on CRM. Salesforce Has Held Talks to Buy Listen Labs
• Negative Sentiment: Valuation and profit-taking remain risks. After a sharp recent rally, some commentary describes the stock as close to fully priced, leaving less room for disappointment if AI revenue growth does not accelerate rapidly. Salesforce Stock Gains 34% in a Month

Insider Buying and Selling

In other Salesforce news, Director Craig Conway sold 4,500 shares of the business's stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $260.61, for a total value of $1,172,745.00. Following the completion of the sale, the director owned 5,437 shares in the company, valued at approximately $1,416,936.57. The trade was a 45.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Evercore reissued an "outperform" rating on shares of Salesforce in a research report on Thursday, August 27th. Wells Fargo & Company increased their price objective on shares of Salesforce from $205.00 to $230.00 and gave the company an "equal weight" rating in a research report on Thursday, August 27th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Salesforce in a research report on Thursday, August 27th. Macquarie Infrastructure cut their price target on Salesforce from $200.00 to $190.00 and set a "neutral" rating on the stock in a research note on Thursday, May 28th. Finally, Jefferies Financial Group upped their price objective on Salesforce from $250.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday, August 27th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Salesforce has an average rating of "Moderate Buy" and an average target price of $266.50.

Salesforce Price Performance

Shares of NYSE:CRM opened at $244.19 on Thursday. Salesforce Inc. has a 12 month low of $146.32 and a 12 month high of $269.11. The firm has a market capitalization of $200.97 billion, a P/E ratio of 22.26, a P/E/G ratio of 1.15 and a beta of 1.20. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. The company's fifty day moving average price is $197.36 and its 200 day moving average price is $186.34.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating 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 company had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.33 billion. During the same quarter in the prior year, the firm posted $2.91 earnings per share. Salesforce's revenue for the quarter was up 10.8% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. As a group, sell-side analysts predict that Salesforce Inc. will post 12.65 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $1.76 annualized dividend and a yield of 0.7%. Salesforce's payout ratio is 16.04%.

Salesforce Company Profile

Salesforce, Inc is a cloud-based software company that provides customer relationship management (CRM) technology and related enterprise applications. Its platform helps organizations manage sales, customer service, marketing, commerce, data analytics and business operations through subscription-based software and cloud services.

The company's product portfolio includes Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Data Cloud and the Salesforce Platform. Salesforce also offers Slack for workplace collaboration, Tableau for data visualization and analytics, MuleSoft for application integration, and artificial intelligence capabilities, including its Agentforce platform for building and deploying AI agents.

Founded in 1999, Salesforce is headquartered in San Francisco, California, and serves businesses and organizations across a broad range of industries and geographic markets worldwide.

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