Salesforce Inc. $CRM Shares Sold by AGF Management Ltd.

AGF Management Ltd. lowered its position in shares of Salesforce Inc. (NYSE:CRM) by 10.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 197,651 shares of the CRM provider’s stock after selling 22,094 shares during the quarter. AGF Management Ltd.’s holdings in Salesforce were worth $53,897,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Achmea Investment Management B.V. lifted its holdings in shares of Salesforce by 9.2% during the 2nd quarter. Achmea Investment Management B.V. now owns 148,254 shares of the CRM provider’s stock worth $40,427,000 after acquiring an additional 12,544 shares during the period. Diversified Trust Co increased its position in Salesforce by 30.1% during the second quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider’s stock worth $7,577,000 after purchasing an additional 6,430 shares during the last quarter. Neville Rodie & Shaw Inc. increased its position in Salesforce by 4.6% during the second quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider’s stock worth $16,353,000 after purchasing an additional 2,644 shares during the last quarter. Andra AP fonden raised its stake in Salesforce by 34.4% during the second quarter. Andra AP fonden now owns 174,145 shares of the CRM provider’s stock worth $47,488,000 after purchasing an additional 44,600 shares during the period. Finally, Resona Asset Management Co. Ltd. boosted its holdings in shares of Salesforce by 5.7% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 326,826 shares of the CRM provider’s stock valued at $89,160,000 after purchasing an additional 17,487 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CRM. Morgan Stanley upped their price objective on Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Robert W. Baird lowered their price target on Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. DA Davidson restated a “neutral” rating and issued a $225.00 price objective on shares of Salesforce in a report on Thursday, October 16th. Sanford C. Bernstein reduced their price objective on Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research note on Thursday, September 4th. Finally, Oppenheimer decreased their target price on Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Tuesday, August 26th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and a consensus target price of $325.23.

Salesforce Trading Up 0.3%

CRM opened at $239.92 on Friday. The firm’s 50 day moving average is $247.41 and its 200-day moving average is $258.16. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $228.40 billion, a P/E ratio of 34.87, a P/E/G ratio of 2.11 and a beta of 1.19.

Salesforce (NYSE:CRM) last released its quarterly 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. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the business earned $2.56 EPS. The business’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. Analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

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

Insider Activity

In related news, CEO Marc Benioff sold 122 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $259.00, for a total value of $31,598.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,085,096,889. This represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold 74,372 shares of company stock worth $18,317,866 over the last 90 days. 3.00% of the stock is currently owned by insiders.

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.