Salesforce Inc. $CRM Shares Sold by Westover Capital Advisors LLC

Westover Capital Advisors LLC reduced its stake in shares of Salesforce Inc. (NYSE:CRM) by 41.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,593 shares of the CRM provider’s stock after selling 1,799 shares during the quarter. Westover Capital Advisors LLC’s holdings in Salesforce were worth $707,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in Salesforce by 13.7% in the 4th 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 in the last quarter. Revolve Wealth Partners LLC grew its holdings in Salesforce by 12.6% in 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 last quarter. Bison Wealth LLC grew its holdings in Salesforce by 9.0% in 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 last quarter. Csenge Advisory Group increased its position in shares of Salesforce by 2.3% in the first quarter. Csenge Advisory Group now owns 3,887 shares of the CRM provider’s stock valued at $961,000 after buying an additional 88 shares in the last quarter. Finally, Morse Asset Management Inc raised its stake in shares of Salesforce by 1,134.2% during the 1st quarter. Morse Asset Management Inc now owns 469 shares of the CRM provider’s stock worth $126,000 after buying an additional 431 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $243.91, for a total transaction of $548,797.50. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,905,351,282.61. This represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Blair Kirk bought 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. The trade was a 801.89% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 65,372 shares of company stock worth $16,169,071 over the last quarter. 3.00% of the stock is currently owned by company insiders.

Salesforce Stock Performance

Shares of CRM opened at $236.86 on Tuesday. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The company’s 50 day simple moving average is $246.21 and its 200 day simple moving average is $257.25. The company has a market capitalization of $225.49 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 2.11 and a beta of 1.19. 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 (NYSE:CRM) last released its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. Salesforce’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $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. On average, sell-side analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were paid a $0.416 dividend. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce’s dividend payout ratio is presently 24.13%.

Analyst Upgrades and Downgrades

CRM has been the topic of several recent research reports. Robert W. Baird decreased their price objective on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Stifel Nicolaus reduced their price target 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 reiterated a “market outperform” rating and issued a $430.00 price target on shares of Salesforce in a research report on Friday, October 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Salesforce in a research report on Tuesday, November 11th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $395.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Salesforce has an average rating of “Moderate Buy” and an average price target of $323.51.

Salesforce 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.