Insider Selling: Salesforce (NYSE:CRM) Director Sells $1,172,745.00 in Stock

Key Points

• Salesforce director Craig Conway sold 4,500 shares at an average price of $260.61, generating $1.17 million in proceeds and reducing his ownership by 45.29% to 5,437 shares.
• Salesforce reported quarterly EPS of $5.90, well above the $3.27 analyst consensus, while revenue reached $11.35 billion, up 10.8% year over year.
• The company declared a quarterly dividend of $0.44 per share, equivalent to an annualized $1.76 payout and a 0.7% yield; analysts maintain a “Moderate Buy” consensus with a $266.50 price target.

Salesforce Inc. (NYSE:CRM - Get Free Report) Director Craig Conway sold 4,500 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the completion of the transaction, the director owned 5,437 shares in the company, valued at $1,416,936.57. This represents a 45.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Salesforce Trading Down 1.9%

CRM traded down $5.04 during trading on Friday, reaching $259.39. 10,470,505 shares of the company's stock were exchanged, compared to its average volume of 14,084,419. The company's fifty day moving average price is $189.85 and its 200-day moving average price is $184.47. The firm has a market capitalization of $213.48 billion, a PE ratio of 23.65, a P/E/G ratio of 1.19 and a beta of 1.20. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, topping analysts' consensus estimates of $3.27 by $2.63. The business had revenue of $11.35 billion during the quarter, compared to analysts' expectations of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The firm's quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.91 earnings per share. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. As a group, equities analysts forecast that Salesforce Inc. will post 12.64 EPS for the current year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce's dividend payout ratio is 16.04%.

Key Salesforce News

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

Analysts Set New Price Targets

CRM has been the subject of a number of analyst reports. Mizuho boosted their price objective on shares of Salesforce from $250.00 to $265.00 and gave the company an "outperform" rating in a report on Thursday, August 27th. Citizens Jmp reissued a "market outperform" rating and issued a $315.00 price target on shares of Salesforce in a report on Tuesday, August 25th. Wall Street Zen cut shares of Salesforce from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Evercore reaffirmed an "outperform" rating on shares of Salesforce in a research note on Thursday, August 27th. Finally, Phillip Securities cut Salesforce from a "buy" rating to a "hold" rating and decreased their target price for the company from $253.00 to $166.00 in a research note on Monday, June 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $266.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CRM. Parkside Financial Bank & Trust raised its position in Salesforce by 23.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 3,424 shares of the CRM provider's stock valued at $536,000 after buying an additional 659 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Salesforce during the 2nd quarter worth approximately $48,110,000. California State Teachers Retirement System grew its stake in shares of Salesforce by 13,260.5% during the 2nd quarter. California State Teachers Retirement System now owns 188,085,056 shares of the CRM provider's stock worth $29,465,405,000 after acquiring an additional 186,677,290 shares in the last quarter. DMC Group LLC raised its holdings in shares of Salesforce by 43.5% in the second quarter. DMC Group LLC now owns 2,457 shares of the CRM provider's stock valued at $385,000 after purchasing an additional 745 shares during the last quarter. Finally, Ameritas Advisory Services LLC raised its holdings in shares of Salesforce by 154.9% in the second quarter. Ameritas Advisory Services LLC now owns 11,477 shares of the CRM provider's stock valued at $1,798,000 after purchasing an additional 6,974 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

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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