Silicon Valley Capital Partners Sells 4,779 Shares of Salesforce Inc. $CRM

Key Points

• Silicon Valley Capital Partners has reduced its stake in Salesforce Inc. by 14.2%, bringing its total shares to 28,972 as of the end of the first quarter, with Salesforce now constituting about 1.0% of its investment portfolio.
• Salesforce reported a 9.8% year-over-year revenue growth, achieving $10.24 billion in revenue during its latest quarter, with earnings per share of $2.91
• The company recently declared a quarterly dividend of $0.416 per share, reflecting an annualized yield of 0.7% for shareholders of record as of September 17th.

Silicon Valley Capital Partners decreased its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 14.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 28,972 shares of the CRM provider's stock after selling 4,779 shares during the period. Salesforce makes up about 1.0% of Silicon Valley Capital Partners' portfolio, making the stock its 28th biggest position. Silicon Valley Capital Partners' holdings in Salesforce were worth $7,822,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CRM. Coign Capital Advisors LLC increased its holdings in Salesforce by 1.7% during the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider's stock valued at $586,000 after purchasing an additional 37 shares during the period. Staley Capital Advisers Inc. increased its holdings in Salesforce by 1.1% during the 1st quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider's stock valued at $897,000 after purchasing an additional 38 shares during the period. KDT Advisors LLC grew its holdings in shares of Salesforce by 4.1% during the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider's stock worth $260,000 after acquiring an additional 38 shares during the period. Liberty One Investment Management LLC grew its holdings in shares of Salesforce by 1.2% during the 1st quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider's stock worth $849,000 after acquiring an additional 39 shares during the period. Finally, First Command Advisory Services Inc. grew its holdings in shares of Salesforce by 7.3% during the 1st quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider's stock worth $154,000 after acquiring an additional 39 shares during the period. Institutional investors own 80.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Roth Capital reiterated a "buy" rating and set a $395.00 target price on shares of Salesforce in a report on Thursday, September 4th. Bank of America reduced their target price on Salesforce from $350.00 to $325.00 and set a "buy" rating on the stock in a report on Tuesday, August 26th. Barclays reduced their target price on Salesforce from $347.00 to $316.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. Canaccord Genuity Group reduced their target price on Salesforce from $350.00 to $300.00 and set a "buy" rating on the stock in a report on Thursday, September 4th. Finally, The Goldman Sachs Group boosted their price target on Salesforce from $340.00 to $385.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $332.58.

Salesforce Stock Down 1.5%

Shares of CRM traded down $3.60 during mid-day trading on Friday, reaching $242.68. The company had a trading volume of 8,382,442 shares, compared to its average volume of 9,981,092. The firm has a 50-day moving average price of $253.21 and a 200 day moving average price of $264.50. 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 company has a market capitalization of $231.03 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 2.24 and a beta of 1.22.

Salesforce (NYSE:CRM - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating 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 the consensus estimate of $10.14 billion. During the same period last year, the business posted $2.56 EPS. The company's 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. On average, sell-side analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be paid a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce's dividend payout ratio (DPR) is currently 24.13%.

Insider Buying and Selling at Salesforce

In other Salesforce news, Director David Blair Kirk bought 3,400 shares of the business's stock in a transaction on Tuesday, September 9th. The shares were acquired at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the purchase, the director owned 3,824 shares in the company, valued at approximately $973,819.84. This trade represents a 801.89% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $246.66, for a total value of $554,985.00. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,938,108,102.86. This represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,577 shares of company stock worth $18,005,778. Company insiders own 3.00% of the company's stock.

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.