Salesforce Inc. $CRM Shares Sold by Woodline Partners LP

Key Points

• Woodline Partners LP reduced its stake in Salesforce Inc. by 59.5%, selling over 100,000 shares and leaving them with 68,807 shares valued at approximately $18.5 million.
• Salesforce reported a quarterly earnings of $2.91 EPS, exceeding estimates, with revenue of $10.24 billion for the quarter, representing a 9.8% increase year-over-year.
• The company declared a quarterly dividend of $0.416 per share, reflecting an annual dividend yield of 0.7% and a payout ratio of 24.13%.

Woodline Partners LP trimmed its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 59.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,807 shares of the CRM provider's stock after selling 100,973 shares during the period. Woodline Partners LP's holdings in Salesforce were worth $18,465,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Bernard Wealth Management Corp. acquired a new stake in Salesforce in the 4th quarter valued at $25,000. Capital A Wealth Management LLC increased its holdings in Salesforce by 450.0% in the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its holdings in Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 85 shares in the last quarter. Abound Financial LLC acquired a new stake in Salesforce in the 1st quarter valued at $31,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in Salesforce in the 4th quarter valued at $35,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Stock Performance

NYSE:CRM opened at $242.62 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a 50-day moving average of $254.29 and a two-hundred day moving average of $265.66. The stock has a market cap of $230.98 billion, a P/E ratio of 35.26, a PEG ratio of 2.30 and a beta of 1.22. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly 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 net margin of 16.87% and a return on equity of 13.27%. The business had revenue of $10.24 billion for the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter last year, the company posted $2.56 earnings per share. The company'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. On average, research analysts expect 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 will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be given a dividend of $0.416 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce's dividend payout ratio (DPR) is presently 24.13%.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total transaction of $578,295.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $3,061,511,978.42. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Blair Kirk purchased 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 transaction, the director directly owned 3,824 shares of the company's stock, valued at approximately $973,819.84. The trade was a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 68,327 shares of company stock worth $17,450,793 in the last ninety days. Corporate insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CRM shares. Stephens lowered their price target on Salesforce from $311.00 to $309.00 and set an "equal weight" rating for the company in a report on Friday, May 30th. Piper Sandler lowered their price target on Salesforce from $335.00 to $315.00 and set an "overweight" rating for the company in a report on Thursday, September 4th. DA Davidson upgraded Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 price target for the company in a report on Friday, August 15th. Morgan Stanley increased their price target on Salesforce from $404.00 to $405.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $325.00 price target on shares of Salesforce in a report on Thursday, September 4th. One 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 given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $332.58.

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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