Strategies Wealth Advisors LLC Sells 1,363 Shares of Salesforce Inc. $CRM

Key Points

• Strategies Wealth Advisors LLC reduced its stake in Salesforce Inc. by 55.2%, selling 1,363 shares and now owning 1,106 shares valued at $297,000.
• Salesforce's quarterly earnings outperformed analysts' expectations with an EPS of $2.58 and revenue of $9.83 billion, marking a 7.6% year-over-year increase.
• Analysts have mixed ratings for Salesforce, with four giving a Strong Buy and a consensus target price of $342.89 for the stock.

Strategies Wealth Advisors LLC cut its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 55.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,106 shares of the CRM provider's stock after selling 1,363 shares during the quarter. Strategies Wealth Advisors LLC's holdings in Salesforce were worth $297,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bernard Wealth Management Corp. bought a new stake in Salesforce in the fourth quarter valued at approximately $25,000. Accredited Wealth Management LLC acquired a new position in shares of Salesforce in the 4th quarter worth approximately $27,000. Capital A Wealth Management LLC lifted its position in shares of Salesforce by 450.0% in the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after purchasing an additional 90 shares during the period. CBIZ Investment Advisory Services LLC boosted its stake in shares of 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 during the last quarter. Finally, Abound Financial LLC acquired a new stake in shares of Salesforce during the first quarter worth $31,000. Institutional investors and hedge funds own 80.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Cantor Fitzgerald lowered shares of Salesforce from an "overweight" rating to a "cautious" rating in a report on Thursday, July 10th. Mizuho dropped their price objective on Salesforce from $425.00 to $380.00 and set an "outperform" rating on the stock in a research note on Thursday, May 15th. Piper Sandler upped their target price on Salesforce from $315.00 to $335.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. Westpark Capital reiterated a "buy" rating and issued a $320.00 target price on shares of Salesforce in a report on Wednesday, May 28th. Finally, The Goldman Sachs Group boosted their price target on Salesforce from $340.00 to $385.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Four analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Salesforce currently has a consensus rating of "Moderate Buy" and a consensus target price of $342.89.

Salesforce Price Performance

Shares of CRM opened at $248.0150 on Friday. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The business's fifty day moving average is $258.37 and its 200 day moving average is $272.44. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14. The stock has a market cap of $237.10 billion, a P/E ratio of 38.81, a P/E/G ratio of 2.23 and a beta of 1.37.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The CRM provider reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.55 by $0.03. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. The business had revenue of $9.83 billion during the quarter, compared to analyst estimates of $9.74 billion. During the same quarter in the previous year, the business posted $2.44 EPS. Salesforce's quarterly revenue was up 7.6% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.270-11.330 EPS. Q2 2026 guidance at 2.760-2.780 EPS. Sell-side analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were issued a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, June 18th. Salesforce's dividend payout ratio is currently 25.98%.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total transaction of $578,295.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $3,061,511,978.42. The trade was a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 52,577 shares of company stock worth $13,528,188. 3.00% of the stock is currently owned by insiders.

Salesforce Company 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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