Salesforce Inc. $CRM Shares Sold by American Century Companies Inc.

American Century Companies Inc. decreased its stake in Salesforce Inc. (NYSE:CRM) by 21.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,791,017 shares of the CRM provider’s stock after selling 753,404 shares during the quarter. Salesforce makes up 0.4% of American Century Companies Inc.’s holdings, making the stock its 25th largest position. American Century Companies Inc. owned about 0.29% of Salesforce worth $761,084,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Painted Porch Advisors LLC increased its holdings in shares of Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its holdings in Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after buying an additional 85 shares in the last quarter. Christopher J. Hasenberg Inc grew its position in Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after buying an additional 92 shares during the period. Maseco LLP purchased a new position in Salesforce in the second quarter valued at $34,000. Finally, Spurstone Advisory Services LLC acquired a new position in shares of Salesforce in the second quarter worth about $34,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Up 0.6%

CRM stock opened at $226.75 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average of $244.80 and a two-hundred day moving average of $256.10. Salesforce Inc. has a 12 month low of $221.96 and a 12 month high of $369.00. The company has a market cap of $215.87 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 2.11 and a beta of 1.19.

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

Salesforce Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company dropped their target price on Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 4th. Barclays dropped their price objective on Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Salesforce in a research report on Monday, November 17th. Oppenheimer decreased their target price on Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 26th. Finally, Wall Street Zen lowered shares of Salesforce from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $323.51.

Insider Activity

In related news, CEO Marc Benioff sold 122 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $259.00, for a total value of $31,598.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,085,096,889. This represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 60,872 shares of company stock worth $15,058,156. 3.00% of the stock is owned by company 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.