Salesforce Inc. $CRM Shares Sold by ARK Investment Management LLC

Key Points

• ARK Investment Management LLC has reduced its stake in Salesforce Inc. by 5.5%, selling 4,167 shares during the second quarter, leaving it with 71,026 shares valued at approximately $19.37 million.
• Multiple institutional investors, such as Onyx Bridge Wealth Group LLC and Brookstone Capital Management, increased their holdings in Salesforce during the same period, showing positive sentiment towards the stock despite ARK's reduction.
• Salesforce announced a quarterly dividend of $0.416 per share, reflecting an annual yield of 0.6%, and has projected its FY 2026 earnings guidance between 11.330 and 11.370 earnings per share (EPS).

ARK Investment Management LLC reduced its position in Salesforce Inc. (NYSE:CRM - Free Report) by 5.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 71,026 shares of the CRM provider's stock after selling 4,167 shares during the quarter. ARK Investment Management LLC's holdings in Salesforce were worth $19,368,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Onyx Bridge Wealth Group LLC increased its stake in Salesforce by 11.9% in the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 1,330 shares of the CRM provider's stock valued at $363,000 after buying an additional 141 shares during the period. Benin Management CORP acquired a new position in Salesforce in the 2nd quarter valued at $444,000. Exencial Wealth Advisors LLC increased its stake in Salesforce by 4.0% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 47,804 shares of the CRM provider's stock valued at $13,036,000 after buying an additional 1,850 shares during the period. Cookson Peirce & Co. Inc. acquired a new position in Salesforce in the 2nd quarter valued at $245,000. Finally, Brookstone Capital Management increased its stake in Salesforce by 9.2% in the 2nd quarter. Brookstone Capital Management now owns 49,926 shares of the CRM provider's stock valued at $13,614,000 after buying an additional 4,195 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CRM. Citigroup boosted their target price on shares of Salesforce from $275.00 to $276.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 9th. KeyCorp decreased their target price on shares of Salesforce from $440.00 to $400.00 and set an "overweight" rating on the stock in a research report on Thursday, September 4th. Barclays decreased their target price on shares of Salesforce from $347.00 to $316.00 and set an "overweight" rating on the stock in a research report on Monday, August 18th. Royal Bank Of Canada decreased their target price on shares of Salesforce from $275.00 to $250.00 and set a "sector perform" rating on the stock in a research report on Thursday, September 4th. Finally, Sanford C. Bernstein decreased their target price on shares of Salesforce from $255.00 to $221.00 and set an "underperform" rating on the stock in a research report on Thursday, September 4th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $325.23.

Insider Transactions at Salesforce

In related news, Director David Blair Kirk acquired 3,400 shares of the company's stock in a transaction dated Tuesday, September 9th. The stock was bought at an average price of $254.66 per share, with a total value of $865,844.00. Following the purchase, the director directly owned 3,824 shares in the company, valued at $973,819.84. The trade was a 801.89% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $242.44, for a total transaction of $545,490.00. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $2,887,841,273.24. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,750 shares of company stock valued at $19,448,213. Corporate insiders own 3.00% of the company's stock.

Salesforce Price Performance

NYSE:CRM opened at $263.51 on Wednesday. The firm has a market cap of $250.86 billion, a price-to-earnings ratio of 38.30, a price-to-earnings-growth ratio of 2.13 and a beta of 1.19. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The company's 50-day moving average is $245.46 and its two-hundred day moving average is $257.92. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last released 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. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the firm earned $2.56 EPS. The firm's quarterly revenue was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Research analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were paid a dividend of $0.416 per share. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.6%. Salesforce's dividend payout ratio is currently 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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