Salesforce Inc. $CRM Shares Sold by Demars Financial Group LLC

Key Points

• Demars Financial Group LLC has drastically reduced its stake in Salesforce Inc. by 99.6%, now owning only 2,363 shares after selling 572,907 shares in Q2.
• Salesforce reported a $2.91 EPS for its last quarter, exceeding expectations of $2.78 and showcasing a 9.8% increase in revenue year-over-year.
• The company recently declared a quarterly dividend of $0.416 per share, marking an annualized dividend of $1.66 with a yield of 0.7%.

Demars Financial Group LLC reduced its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 99.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,363 shares of the CRM provider's stock after selling 572,907 shares during the period. Demars Financial Group LLC's holdings in Salesforce were worth $644,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Painted Porch Advisors LLC boosted its stake in Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock valued at $25,000 after acquiring an additional 65 shares during the period. Capital A Wealth Management LLC boosted its stake in Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after acquiring an additional 90 shares during the period. CBIZ Investment Advisory Services LLC boosted its stake in Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after acquiring an additional 85 shares during the period. Abound Financial LLC acquired a new position in Salesforce in the first quarter valued at approximately $31,000. Finally, Christopher J. Hasenberg Inc boosted its stake in Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock valued at $32,000 after acquiring an additional 92 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Price Performance

Shares of NYSE:CRM opened at $243.27 on Monday. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The stock has a market cap of $231.59 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 2.04 and a beta of 1.19. The stock's 50 day moving average price is $244.38 and its 200 day moving average price is $257.79. 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 (NYSE:CRM - Get Free Report) last announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 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 firm had revenue of $10.24 billion for the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter in the previous year, the company earned $2.56 earnings per share. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. 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 anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were issued a $0.416 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend 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 company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $241.49, for a total value of $543,352.50. Following the transaction, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $2,876,525,280.79. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of the stock in a transaction on Tuesday, September 9th. The shares were purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director owned 3,824 shares in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders sold 76,500 shares of company stock worth $18,929,903 in the last ninety days. 3.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on Salesforce from $404.00 to $405.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Bank of America reduced their price objective on Salesforce from $350.00 to $325.00 and set a "buy" rating for the company in a research report on Tuesday, August 26th. Macquarie reiterated a "neutral" rating and set a $250.00 price objective on shares of Salesforce in a research report on Thursday. DA Davidson reiterated a "neutral" rating and set a $225.00 price objective on shares of Salesforce in a research report on Thursday. Finally, Stifel Nicolaus reduced their price objective on Salesforce from $325.00 to $300.00 and set a "buy" rating for the company in a research report on Thursday, October 9th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Salesforce currently has an average rating of "Moderate Buy" and a consensus price target of $325.23.

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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