BI Asset Management Fondsmaeglerselskab A S Lowers Holdings in Salesforce Inc. $CRM

Key Points

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BI Asset Management Fondsmaeglerselskab A S trimmed its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 16.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,734 shares of the CRM provider's stock after selling 16,177 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Salesforce were worth $21,666,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CRM. Brighton Jones LLC grew its stake in shares of Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock worth $8,582,000 after buying an additional 3,102 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock worth $611,000 after buying an additional 205 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Salesforce in the 4th quarter worth $361,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Salesforce by 36.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,346 shares of the CRM provider's stock worth $450,000 after purchasing an additional 356 shares during the period. Finally, Transce3nd LLC purchased a new position in shares of Salesforce during the 4th quarter worth about $384,000. 80.43% of the stock is currently owned by institutional investors.

Insider Transactions at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $246.07, for a total transaction of $553,657.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,931,080,275.97. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 52,577 shares of company stock worth $13,528,188 in the last ninety days. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CRM. 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. Sanford C. Bernstein boosted their price target on shares of Salesforce from $243.00 to $255.00 and gave the company an "underperform" rating in a report on Thursday, May 29th. Erste Group Bank lowered shares of Salesforce from a "buy" rating to a "hold" rating in a report on Thursday, June 5th. Stephens reduced their price target on shares of Salesforce from $311.00 to $309.00 and set an "equal weight" rating for the company in a report on Friday, May 30th. Finally, Barclays reduced their price target on shares of Salesforce from $347.00 to $316.00 and set an "overweight" rating for the company in a report on Monday. Four equities research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Salesforce has an average rating of "Moderate Buy" and a consensus target price of $342.89.

Salesforce Stock Performance

Salesforce stock traded up $2.1850 during mid-day trading on Friday, reaching $248.0150. 6,278,086 shares of the company traded hands, compared to its average volume of 7,227,903. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.07 and a quick ratio of 1.07. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The company has a market capitalization of $237.10 billion, a price-to-earnings ratio of 38.81, a price-to-earnings-growth ratio of 2.24 and a beta of 1.37. The firm's fifty day moving average is $258.58 and its two-hundred day moving average is $273.10.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings data 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 business had revenue of $9.83 billion for the quarter, compared to the consensus estimate of $9.74 billion. During the same period in the prior year, the firm earned $2.44 EPS. The business's revenue for the quarter was up 7.6% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.270-11.330 EPS. Q2 2026 guidance at 2.760-2.780 EPS. On average, equities research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Cuts Dividend

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

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.