Mirae Asset Global Investments Co. Ltd. Sells 31,810 Shares of Salesforce Inc. $CRM

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of Salesforce Inc. (NYSE:CRM) by 10.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 260,073 shares of the CRM provider’s stock after selling 31,810 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Salesforce were worth $70,919,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Painted Porch Advisors LLC lifted its position in Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 65 shares during the period. Capital A Wealth Management LLC lifted its holdings in shares of Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 85 shares during the last quarter. Abound Financial LLC bought a new position in shares of Salesforce in the first quarter worth about $31,000. Finally, Christopher J. Hasenberg Inc lifted its holdings in shares of Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after acquiring an additional 92 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. KeyCorp dropped their target price on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, September 4th. Canaccord Genuity Group dropped their target price on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Morgan Stanley increased their target price on shares of Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Erste Group Bank cut shares of Salesforce from a “buy” rating to a “hold” rating in a report on Thursday, June 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a research note on Thursday, September 4th. Twenty-six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Salesforce has a consensus rating of “Moderate Buy” and an average price target of $332.58.

Insider Activity at Salesforce

In related news, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction dated Tuesday, September 9th. The stock was bought at an average price of $254.66 per share, with a total value of $865,844.00. Following the transaction, the director directly owned 3,824 shares in the company, valued at $973,819.84. This represents a 801.89% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $236.38, for a total transaction of $531,855.00. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,815,657,152.98. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 81,000 shares of company stock valued at $20,357,213. Insiders own 3.00% of the company’s stock.

Salesforce Stock Performance

NYSE:CRM opened at $239.01 on Friday. The company has a market capitalization of $227.53 billion, a PE ratio of 34.74, a P/E/G ratio of 2.04 and a beta of 1.19. The company has a 50 day simple moving average of $247.24 and a two-hundred day simple moving average of $260.59. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Research analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently disclosed 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 24.13%.

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.