Salesforce Inc. $CRM Shares Sold by Beech Hill Advisors Inc.

Key Points

• Beech Hill Advisors Inc. reduced its stake in Salesforce Inc. (NYSE:CRM) by 28.3% in Q2, selling 4,043 shares, leaving them with 10,232 shares valued at $2.79 million.
• Salesforce reported Q2 earnings of $2.91 per share, exceeding estimates, with a revenue of $10.24 billion, a 9.8% year-over-year increase.
• The firm recently announced a quarterly dividend of $0.416, representing an annual yield of 0.7%, with a payout ratio of 24.13%.

Beech Hill Advisors Inc. trimmed its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 28.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,232 shares of the CRM provider's stock after selling 4,043 shares during the quarter. Beech Hill Advisors Inc.'s holdings in Salesforce were worth $2,790,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Smith Thornton Advisors LLC grew its position in Salesforce by 10.2% in the 2nd quarter. Smith Thornton Advisors LLC now owns 1,714 shares of the CRM provider's stock valued at $467,000 after buying an additional 159 shares in the last quarter. Probity Advisors Inc. raised its position in shares of Salesforce by 6.7% during the 2nd quarter. Probity Advisors Inc. now owns 3,568 shares of the CRM provider's stock worth $973,000 after buying an additional 224 shares in the last quarter. Liberty One Investment Management LLC boosted its holdings in shares of Salesforce by 1.5% in the second quarter. Liberty One Investment Management LLC now owns 3,211 shares of the CRM provider's stock valued at $876,000 after acquiring an additional 46 shares in the last quarter. Triton Financial Group Inc acquired a new position in shares of Salesforce during the second quarter valued at approximately $1,520,000. Finally, VCI Wealth Management LLC increased its stake in shares of Salesforce by 15.7% during the second quarter. VCI Wealth Management LLC now owns 5,162 shares of the CRM provider's stock valued at $1,408,000 after acquiring an additional 701 shares during the period. Institutional investors and hedge funds own 80.43% of the company's stock.

Salesforce Stock Up 4.6%

CRM opened at $254.31 on Tuesday. The company has a market capitalization of $242.10 billion, a PE ratio of 36.96, a price-to-earnings-growth ratio of 2.04 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The business has a 50-day moving average of $244.81 and a 200-day moving average of $257.89.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm's revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Equities research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

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

Insider Buying and Selling at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $241.49, for a total value of $543,352.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company's stock, valued at $2,876,525,280.79. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Blair Kirk bought 3,400 shares of the firm's stock in a transaction on Tuesday, September 9th. The shares were bought at an average cost of $254.66 per share, with a total value of $865,844.00. Following the transaction, the director directly owned 3,824 shares of the company's stock, valued at approximately $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 78,750 shares of company stock worth $19,480,343 over the last three months. Company insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

CRM has been the subject of several research reports. UBS Group decreased their target price on Salesforce from $300.00 to $260.00 and set a "neutral" rating for the company in a research note on Monday, August 18th. Northland Securities lowered shares of Salesforce from an "outperform" rating to a "market perform" rating and set a $264.00 price objective for the company. in a research report on Tuesday, October 14th. Piper Sandler reiterated an "overweight" rating and issued a $315.00 target price on shares of Salesforce in a report on Thursday, October 16th. Oppenheimer reduced their target price on shares of Salesforce from $370.00 to $315.00 and set an "outperform" rating for the company in a report on Tuesday, August 26th. Finally, Macquarie reaffirmed a "neutral" rating and issued a $250.00 price target on shares of Salesforce in a report on Thursday, October 16th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Salesforce has a consensus rating of "Moderate Buy" and an average target price of $325.23.

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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