Salesforce Inc. $CRM Shares Sold by Coppell Advisory Solutions LLC

Key Points

• Coppell Advisory Solutions LLC cut its stake in Salesforce Inc. by 62.2%, owning 1,273 shares after selling 2,098 shares in the first quarter.
• Salesforce's quarterly earnings revealed an earnings per share (EPS) of $2.91, surpassing expectations and reflecting a year-over-year revenue growth of 9.8%.
• The company has announced a quarterly dividend of $0.416, equating to an annualized dividend yield of 0.7% and a payout ratio of 24.13%.

Coppell Advisory Solutions LLC decreased its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 62.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,273 shares of the CRM provider's stock after selling 2,098 shares during the period. Coppell Advisory Solutions LLC's holdings in Salesforce were worth $341,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Bernard Wealth Management Corp. acquired a new position in shares of Salesforce in the fourth quarter worth $25,000. Wood Tarver Financial Group LLC acquired a new position in shares of Salesforce in the fourth quarter worth $35,000. Capital A Wealth Management LLC grew its stake in shares of Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after acquiring an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its stake in shares of Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after acquiring an additional 85 shares in the last quarter. Finally, Abound Financial LLC acquired a new position in shares of Salesforce in the first quarter worth $31,000. Institutional investors and hedge funds own 80.43% of the company's stock.

Salesforce Stock Performance

NYSE CRM opened at $251.83 on Tuesday. 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 1 year low of $226.48 and a 1 year high of $369.00. The company has a market capitalization of $239.74 billion, a PE ratio of 36.60, a P/E/G ratio of 2.29 and a beta of 1.22. The company has a fifty day moving average of $255.22 and a two-hundred day moving average of $265.91.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the firm posted $2.56 earnings per share. Salesforce's revenue for the quarter 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, analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $241.50, for a total value of $543,375.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $2,876,644,396.50. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 66,077 shares of company stock valued at $16,885,773 over the last three months. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. BMO Capital Markets lowered their target price on shares of Salesforce from $335.00 to $280.00 and set an "outperform" rating for the company in a research note on Thursday, September 4th. Mizuho lowered their target price on shares of Salesforce from $425.00 to $380.00 and set an "outperform" rating for the company in a research note on Thursday, May 15th. Canaccord Genuity Group lowered their target price on shares of Salesforce from $350.00 to $300.00 and set a "buy" rating for the company in a research note on Thursday, September 4th. Cantor Fitzgerald reiterated an "overweight" rating and set a $325.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Finally, Wells Fargo & Company dropped their price target on shares of Salesforce from $275.00 to $265.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce presently has an average rating of "Moderate Buy" and an average target price of $333.11.

Salesforce 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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