Salesforce Inc. $CRM Shares Sold by Sapient Capital LLC

Key Points

• Sapient Capital cut its Salesforce position by 55.2% in the second quarter, selling 2,728 shares and retaining 2,217 shares worth approximately $348,000.
• Institutional investors and hedge funds own 80.43% of Salesforce, while director Craig Conway sold 4,500 shares for about $1.17 million, reducing his position by 45.29%.
• Salesforce reported quarterly revenue of $11.35 billion and adjusted earnings of $5.90 per share, exceeding analyst expectations, and declared a quarterly dividend of $0.44 per share. Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $266.50 price target.

Sapient Capital LLC lowered its position in Salesforce Inc. (NYSE:CRM - Free Report) by 55.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,217 shares of the CRM provider's stock after selling 2,728 shares during the period. Sapient Capital LLC's holdings in Salesforce were worth $348,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CRM. Commonwealth Retirement Investments LLC acquired a new stake in shares of Salesforce in the 4th quarter worth approximately $25,000. Gilpin Wealth Management LLC purchased a new stake in shares of Salesforce during the fourth quarter worth about $26,000. Birchwood Financial Partners Inc. purchased a new position in shares of Salesforce during the 4th quarter worth $28,000. Swiss RE Ltd. purchased a new stake in Salesforce in the 4th quarter valued at about $28,000. Finally, Dogwood Wealth Management LLC increased its stake in shares of Salesforce by 285.7% during the 4th quarter. Dogwood Wealth Management LLC now owns 108 shares of the CRM provider's stock valued at $29,000 after acquiring an additional 80 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Insider Transactions at Salesforce

In other Salesforce news, Director Craig Conway sold 4,500 shares of the company's stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $260.61, for a total value of $1,172,745.00. Following the completion of the transaction, the director owned 5,437 shares in the company, valued at approximately $1,416,936.57. This represents a 45.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is owned by insiders.

Salesforce Stock Down 1.9%

Shares of Salesforce stock opened at $259.39 on Friday. The business has a 50-day moving average price of $191.88 and a 200 day moving average price of $185.00. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The firm has a market cap of $213.48 billion, a P/E ratio of 23.65, a P/E/G ratio of 1.20 and a beta of 1.20. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, topping analysts' consensus estimates of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The business had revenue of $11.35 billion for the quarter, compared to analysts' expectations of $11.33 billion. During the same period in the prior year, the firm earned $2.91 EPS. The business's quarterly revenue was up 10.8% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. On average, sell-side analysts forecast that Salesforce Inc. will post 12.65 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 8th. Investors of record on Thursday, September 17th will be given a $0.44 dividend. The ex-dividend date is Thursday, September 17th. This represents a $1.76 annualized dividend and a yield of 0.7%. Salesforce's dividend payout ratio (DPR) is currently 16.04%.

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: AI growth is becoming material: Agentforce and Data 360 annual recurring revenue reached nearly $3.9 billion, up more than 210% year over year. Agentforce ARR exceeded $1.5 billion and grew more than 240%, supporting the view that Salesforce is successfully monetizing artificial intelligence. Salesforce Grew Agentforce and Data 360 ARR More Than 200%
• Positive Sentiment: Analyst support remains strong: Cantor Fitzgerald raised its Salesforce price target to $300, while BTIG reaffirmed its “Buy” rating and said it is increasingly confident in improving business trends. Cantor Fitzgerald Raises Salesforce Price Target
• Positive Sentiment: Shareholder returns: Salesforce declared a quarterly cash dividend of $0.44 per share, payable October 8 to shareholders of record September 17. The dividend provides a modest income component and signals continued confidence in cash generation. Salesforce Announces Quarterly Dividend

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Salesforce from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 12th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Salesforce in a research note on Thursday, August 27th. Needham & Company LLC reiterated a "buy" rating and issued a $400.00 price target on shares of Salesforce in a report on Wednesday. Raymond James Financial reissued a "strong-buy" rating on shares of Salesforce in a research note on Thursday, August 27th. Finally, Barclays upped their price objective on Salesforce from $236.00 to $276.00 and gave the stock an "overweight" rating in a report on Thursday, August 27th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Salesforce currently has a consensus rating of "Moderate Buy" and a consensus price target of $266.50.

Salesforce Company Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.

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