WBI Investments LLC Sells 3,944 Shares of Salesforce Inc. $CRM

Key Points

• WBI Investments LLC significantly reduced its holdings in Salesforce Inc. by 77.8%, selling 3,944 shares and owning only 1,125 shares afterward, valued at approximately $302,000.
• Salesforce reported a quarterly earnings per share (EPS) of $2.91, surpassing analysts' expectations of $2.78, along with a revenue of $10.24 billion for the quarter.
• The firm announced a quarterly dividend of $0.416 to be paid on October 9th, representing an annualized yield of 0.7% and a payout ratio of 24.13%.

WBI Investments LLC reduced its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 77.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,125 shares of the CRM provider's stock after selling 3,944 shares during the period. WBI Investments LLC's holdings in Salesforce were worth $302,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CRM. Brighton Jones LLC increased its position in shares of Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock valued at $8,582,000 after purchasing an additional 3,102 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock valued at $611,000 after purchasing an additional 205 shares during the period. Bison Wealth LLC increased its position in shares of Salesforce by 9.0% during the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock valued at $747,000 after purchasing an additional 184 shares during the period. Quadcap Wealth Management LLC increased its position in shares of Salesforce by 3.1% during the fourth quarter. Quadcap Wealth Management LLC now owns 6,231 shares of the CRM provider's stock valued at $2,083,000 after purchasing an additional 187 shares during the period. Finally, ProShare Advisors LLC increased its position in shares of Salesforce by 22.2% during the fourth quarter. ProShare Advisors LLC now owns 349,165 shares of the CRM provider's stock valued at $116,736,000 after purchasing an additional 63,345 shares during the period. 80.43% of the stock is owned by institutional investors.

Salesforce Price Performance

Salesforce stock opened at $246.26 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $234.44 billion, a P/E ratio of 35.79, a P/E/G ratio of 2.21 and a beta of 1.22. The business's fifty day moving average is $253.79 and its two-hundred day moving average is $265.23. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business's revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Equities research analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

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

Insiders Place Their Bets

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total value 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. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Blair Kirk purchased 3,400 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the purchase, the director directly owned 3,824 shares of the company's stock, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 70,577 shares of company stock worth $18,005,778. Insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Citigroup boosted their price objective on Salesforce from $275.00 to $276.00 and gave the company a "neutral" rating in a research report on Tuesday. Robert W. Baird lowered their price target on Salesforce from $365.00 to $325.00 and set an "outperform" rating on the stock in a research report on Thursday, September 4th. Sanford C. Bernstein lowered their price target on Salesforce from $255.00 to $221.00 and set an "underperform" rating on the stock in a research report on Thursday, September 4th. Northland Securities lowered their price target on Salesforce from $423.00 to $396.00 and set an "outperform" rating on the stock in a research report on Thursday, May 29th. Finally, BMO Capital Markets lowered their price target on Salesforce from $335.00 to $280.00 and set an "outperform" rating on the stock in a research report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $332.58.

About Salesforce

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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