Salesforce Inc. $CRM Shares Sold by Commerzbank Aktiengesellschaft FI

Key Points

• Commerzbank Aktiengesellschaft FI reduced its stake in Salesforce Inc. by 41.9%, owning 58,079 shares worth approximately $15.8 million after selling 41,948 shares in the second quarter.
• Salesforce reported earnings of $2.91 per share for the last quarter, exceeding expectations, and had a revenue increase of 9.8% year-over-year.
• The company declared a quarterly dividend of $0.416 per share, with an annualized payout of $1.66 and a yield of 0.7%.

Commerzbank Aktiengesellschaft FI lessened its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 41.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,079 shares of the CRM provider's stock after selling 41,948 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Salesforce were worth $15,838,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CRM. Brighton Jones LLC boosted its stake in shares of Salesforce by 13.7% during the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock worth $8,582,000 after acquiring an additional 3,102 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock worth $611,000 after purchasing an additional 205 shares during the last quarter. Bison Wealth LLC raised its holdings in Salesforce by 9.0% during the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock worth $747,000 after purchasing an additional 184 shares during the last quarter. GAMMA Investing LLC raised its holdings in Salesforce by 13.9% during the first quarter. GAMMA Investing LLC now owns 14,166 shares of the CRM provider's stock worth $3,802,000 after purchasing an additional 1,725 shares during the last quarter. Finally, USA Financial Formulas increased its position in shares of Salesforce by 5.7% in the first quarter. USA Financial Formulas now owns 799 shares of the CRM provider's stock valued at $214,000 after buying an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CRM shares. Piper Sandler lowered their price objective on shares of Salesforce from $335.00 to $315.00 and set an "overweight" rating on the stock in a research note on Thursday, September 4th. JMP Securities reaffirmed a "market outperform" rating and issued a $430.00 price target on shares of Salesforce in a report on Tuesday, September 2nd. Macquarie reaffirmed a "neutral" rating and issued a $290.00 price target on shares of Salesforce in a report on Thursday, September 4th. Robert W. Baird cut their price objective on Salesforce from $365.00 to $325.00 and set an "outperform" rating for the company in a research report on Thursday, September 4th. Finally, BMO Capital Markets cut their price objective on Salesforce from $335.00 to $280.00 and set an "outperform" rating for the company in a research report on Thursday, September 4th. Twenty-six analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $331.89.

Insider Transactions at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $239.79, for a total value of $539,527.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,856,275,610.09. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 78,750 shares of company stock valued at $19,634,805 in the last ninety days. 3.00% of the stock is currently owned by insiders.

Salesforce Stock Up 1.9%

CRM stock opened at $244.92 on Friday. The stock has a market capitalization of $233.16 billion, a P/E ratio of 35.60, a PEG ratio of 2.08 and a beta of 1.19. 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 one year low of $226.48 and a one year high of $369.00. The company has a 50 day moving average price of $244.86 and a two-hundred day moving average price of $259.25.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion for the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter last year, the firm earned $2.56 earnings per share. The business's 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. As a group, sell-side 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 0.7%. Salesforce's dividend payout ratio is currently 24.13%.

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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