Salesforce Inc. $CRM Shares Sold by Wealth Alliance Advisory Group LLC

Wealth Alliance Advisory Group LLC decreased its stake in shares of Salesforce Inc. (NYSE:CRM) by 60.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,317 shares of the CRM provider’s stock after selling 5,098 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Salesforce were worth $786,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Salesforce during the second quarter worth about $2,826,049,000. Laurel Wealth Advisors LLC raised its holdings in Salesforce by 27,361.5% in the second quarter. Laurel Wealth Advisors LLC now owns 3,424,169 shares of the CRM provider’s stock valued at $933,737,000 after acquiring an additional 3,411,700 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Salesforce by 1,729.6% in the second quarter. Acadian Asset Management LLC now owns 1,973,141 shares of the CRM provider’s stock worth $538,020,000 after acquiring an additional 1,865,297 shares during the last quarter. Longview Partners Guernsey LTD acquired a new position in Salesforce during the 1st quarter worth approximately $467,944,000. Finally, Amundi grew its holdings in Salesforce by 26.2% during the 2nd quarter. Amundi now owns 7,755,317 shares of the CRM provider’s stock worth $2,087,545,000 after acquiring an additional 1,612,413 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Performance

NYSE CRM opened at $264.56 on Tuesday. The company has a fifty day moving average of $247.25 and a two-hundred day moving average of $251.65. The company has a market capitalization of $247.89 billion, a PE ratio of 35.32, a P/E/G ratio of 1.94 and a beta of 1.25. Salesforce Inc. has a 1 year low of $221.96 and a 1 year high of $367.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.39. The business had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $10.27 billion. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. As a group, analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th will be issued a $0.416 dividend. This represents a $1.66 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, December 18th. Salesforce’s dividend payout ratio is presently 22.16%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CRM. Stifel Nicolaus reduced their price objective on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. JMP Securities reissued a “market outperform” rating and issued a $430.00 target price on shares of Salesforce in a report on Friday, October 17th. BMO Capital Markets cut their price target on Salesforce from $280.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, December 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $250.00 price target on shares of Salesforce in a report on Thursday, December 4th. Finally, Macquarie increased their price objective on Salesforce from $250.00 to $265.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $326.68.

Insider Buying and Selling at Salesforce

In related news, insider Parker Harris sold 134,662 shares of the stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the completion of the sale, the insider owned 139,767 shares in the company, valued at $32,803,314.90. This represents a 49.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marc Benioff sold 122 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $259.00, for a total transaction of $31,598.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,085,096,889. The trade was a 0.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 170,784 shares of company stock worth $40,538,939 in the last 90 days. Company insiders own 3.00% of the company’s stock.

Salesforce 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.