Corient Private Wealth LLC Sells 26,430 Shares of Salesforce Inc. $CRM

Corient Private Wealth LLC decreased its holdings in shares of Salesforce Inc. (NYSE:CRM) by 5.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 451,280 shares of the CRM provider’s stock after selling 26,430 shares during the period. Corient Private Wealth LLC’s holdings in Salesforce were worth $123,060,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Painted Porch Advisors LLC lifted its stake in Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after buying an additional 65 shares during the period. Evolution Wealth Management Inc. acquired a new position in shares of Salesforce during the 2nd quarter worth about $27,000. CBIZ Investment Advisory Services LLC grew its position in shares of Salesforce by 314.8% during the 1st 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 during the period. Christopher J. Hasenberg Inc increased its stake in shares of Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after acquiring an additional 92 shares during the last quarter. Finally, Maseco LLP bought a new position in Salesforce during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Performance

Shares of Salesforce stock opened at $262.34 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $245.81 billion, a price-to-earnings ratio of 35.03, a price-to-earnings-growth ratio of 1.95 and a beta of 1.25. The stock’s 50-day moving average is $245.50 and its 200-day moving average is $251.92. Salesforce Inc. has a one year low of $221.96 and a one year high of $367.09.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%.Salesforce’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company earned $2.41 earnings per share. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Equities analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

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

Wall Street Analyst Weigh In

CRM has been the subject of several recent analyst reports. 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. Guggenheim restated a “neutral” rating on shares of Salesforce in a research report on Thursday, December 4th. Mizuho set a $340.00 target price on Salesforce in a report on Wednesday. Cowen restated a “buy” rating on shares of Salesforce in a report on Thursday, December 4th. Finally, Northland Securities lifted their price objective on Salesforce from $264.00 to $267.00 and gave the company a “market perform” rating in a report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Salesforce has an average rating of “Moderate Buy” and an average target price of $326.46.

Insider Buying and Selling

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $238.37, for a total transaction of $536,332.50. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,839,361,179.27. This represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Parker Harris sold 134,662 shares of Salesforce stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $234.70, for a total value of $31,605,171.40. Following the completion of the sale, the insider directly owned 139,767 shares in the company, valued at approximately $32,803,314.90. This represents a 49.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 175,284 shares of company stock worth $41,648,819. 3.00% of the stock is owned by insiders.

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.