Salesforce Inc. $CRM Shares Sold by Chicago Capital LLC

Chicago Capital LLC cut its holdings in shares of Salesforce Inc. (NYSE:CRM) by 20.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 194,027 shares of the CRM provider’s stock after selling 49,710 shares during the period. Chicago Capital LLC’s holdings in Salesforce were worth $52,909,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Salesforce by 1.6% during the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after buying an additional 1,383,942 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Salesforce by 6.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock worth $2,484,616,000 after buying an additional 600,386 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Salesforce by 5.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock worth $2,419,037,000 after buying an additional 437,435 shares during the period. Nuveen LLC acquired a new stake in Salesforce in the first quarter worth approximately $2,039,196,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Salesforce by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider’s stock worth $1,707,316,000 after purchasing an additional 295,681 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Robert W. Baird cut their target price on Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. Piper Sandler cut their target price on Salesforce from $335.00 to $315.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. Wells Fargo & Company cut their target price on Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a research report on Thursday, September 4th. Needham & Company LLC restated a “buy” rating and issued a $400.00 target price on shares of Salesforce in a research report on Thursday, September 4th. Finally, Roth Capital restated a “buy” rating and issued a $395.00 target price on shares of Salesforce in a research 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 company. According to data from MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and an average price target of $332.58.

Salesforce Price Performance

Shares of NYSE:CRM opened at $244.95 on Tuesday. The company’s fifty day moving average is $248.98 and its two-hundred day moving average is $261.22. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The company has a market cap of $233.19 billion, a P/E ratio of 35.60, a price-to-earnings-growth ratio of 2.22 and a beta of 1.22.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating 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 company had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the business earned $2.56 EPS. The company’s revenue was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Equities analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be paid 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 is Wednesday, September 17th. Salesforce’s payout ratio is presently 24.13%.

Insider Buying and Selling at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $242.91, for a total transaction of $546,547.50. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $2,893,439,711.61. The trade was a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Blair Kirk bought 3,400 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, with a total value of $865,844.00. Following the transaction, the director owned 3,824 shares in the company, valued at approximately $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 78,750 shares of company stock valued at $19,889,213. 3.00% of the stock is 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.