RDA Financial Network Trims Stock Position in Salesforce Inc. $CRM

Key Points

• RDA Financial Network reduced its stake in Salesforce Inc. by 83.2% in the 2nd quarter, now holding only 880 shares valued at $240,000.
• Salesforce shares opened at $242.68, with a market cap of $231.03 billion and reported a quarterly EPS of $2.91, exceeding expectations.
• The company declared a quarterly dividend of $0.416 per share, with an annualized rate of $1.66 and a dividend yield of 0.7%.

RDA Financial Network cut its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 83.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 880 shares of the CRM provider's stock after selling 4,361 shares during the quarter. RDA Financial Network's holdings in Salesforce were worth $240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in 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 acquiring an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Salesforce by 12.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock valued at $611,000 after acquiring an additional 205 shares during the period. Bison Wealth LLC grew its position in shares of Salesforce by 9.0% during the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock valued at $747,000 after acquiring an additional 184 shares during the period. Silvercrest Asset Management Group LLC grew its position in shares of Salesforce by 584.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 12,025 shares of the CRM provider's stock valued at $4,020,000 after acquiring an additional 10,269 shares during the period. Finally, Sherbrooke Park Advisers LLC bought a new position in Salesforce in the 4th quarter worth $268,000. 80.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Royal Bank Of Canada dropped their target price on shares of Salesforce from $275.00 to $250.00 and set a "sector perform" rating for the company in a report on Thursday, September 4th. Citigroup upped their target price on shares of Salesforce from $275.00 to $276.00 and gave the stock a "neutral" rating in a report on Tuesday, September 9th. Robert W. Baird dropped their target price on shares of Salesforce from $365.00 to $325.00 and set an "outperform" rating for the company in a report on Thursday, September 4th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $325.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Finally, Stephens decreased their price target on shares of Salesforce from $311.00 to $309.00 and set an "equal weight" rating on the stock in a research note on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Salesforce currently has a consensus rating of "Moderate Buy" and a consensus price target of $332.58.

Insider Transactions at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $243.91, for a total transaction of $548,797.50. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $2,905,351,282.61. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Blair Kirk bought 3,400 shares of Salesforce stock in a transaction dated Tuesday, September 9th. The shares were bought at an average cost 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 of the company's stock, valued at approximately $973,819.84. This trade represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 72,827 shares of company stock worth $18,554,576 over the last three months. 3.00% of the stock is currently owned by corporate insiders.

Salesforce Trading Down 0.2%

CRM stock traded down $0.43 during midday trading on Monday, reaching $242.33. 7,191,474 shares of the company traded hands, compared to its average volume of 9,753,270. 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 52-week low of $226.48 and a 52-week high of $369.00. The firm has a market capitalization of $230.70 billion, a price-to-earnings ratio of 35.22, a P/E/G ratio of 2.21 and a beta of 1.22. The business has a 50 day moving average of $252.66 and a 200-day moving average of $263.90.

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 for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the company posted $2.56 EPS. The firm'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, sell-side analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

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

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.