Berry Wealth Group LP Cuts Holdings in Salesforce Inc. $CRM

Berry Wealth Group LP lowered its stake in shares of Salesforce Inc. (NYSE:CRM) by 20.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,019 shares of the CRM provider’s stock after selling 534 shares during the period. Berry Wealth Group LP’s holdings in Salesforce were worth $551,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Coign Capital Advisors LLC lifted its holdings in shares of Salesforce by 1.7% during the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock valued at $586,000 after buying an additional 37 shares during the period. Staley Capital Advisers Inc. grew its holdings in shares of Salesforce by 1.1% in the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock worth $897,000 after acquiring an additional 38 shares during the period. KDT Advisors LLC increased its position in Salesforce by 4.1% during the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock valued at $260,000 after acquiring an additional 38 shares during the last quarter. Scott & Selber Inc. lifted its holdings in Salesforce by 0.7% in the second quarter. Scott & Selber Inc. now owns 5,850 shares of the CRM provider’s stock valued at $1,595,000 after acquiring an additional 39 shares during the period. Finally, Hanson & Doremus Investment Management boosted its position in Salesforce by 6.9% in the second quarter. Hanson & Doremus Investment Management now owns 607 shares of the CRM provider’s stock worth $166,000 after purchasing an additional 39 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

Salesforce Stock Performance

NYSE CRM opened at $230.79 on Friday. The business’s 50 day moving average price is $243.45 and its 200-day moving average price is $254.50. Salesforce Inc. has a fifty-two week low of $221.96 and a fifty-two week high of $369.00. The company has a market cap of $219.71 billion, a P/E ratio of 33.55, a P/E/G 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 issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. The firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Sell-side analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders 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 payout ratio is 24.13%.

Insider Activity

In related news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $242.91, for a total value of $546,547.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,893,439,711.61. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Blair Kirk bought 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased 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 owned 3,824 shares in the company, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 54,122 shares of company stock worth $13,367,438 in the last quarter. 3.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CRM shares. Piper Sandler reiterated an “overweight” rating and issued a $315.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Northland Securities cut Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 target price on the stock. in a report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft lowered their target price on Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Bank of America reduced their price target on Salesforce from $325.00 to $305.00 and set a “buy” rating for the company in a research report on Monday, November 17th. Finally, Wedbush reaffirmed an “outperform” rating and set a $375.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $322.86.

Salesforce Company 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.