Salesforce Inc. $CRM Shares Sold by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. reduced its stake in shares of Salesforce Inc. (NYSE:CRM) by 63.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,380 shares of the CRM provider’s stock after selling 12,889 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Salesforce were worth $2,015,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Salesforce by 13.7% in the fourth 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 during the period. Revolve Wealth Partners LLC grew its holdings in Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after buying an additional 205 shares in the last quarter. Bison Wealth LLC increased its position in Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after acquiring an additional 184 shares during the period. Tyler Stone Wealth Management increased its position in Salesforce by 31.9% in the 1st quarter. Tyler Stone Wealth Management now owns 1,935 shares of the CRM provider’s stock valued at $519,000 after acquiring an additional 468 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its stake in Salesforce by 3.9% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 130,522 shares of the CRM provider’s stock valued at $35,027,000 after acquiring an additional 4,952 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Salesforce Price Performance

NYSE CRM opened at $262.34 on Monday. Salesforce Inc. has a 1 year low of $221.96 and a 1 year high of $367.09. The business’s fifty day moving average is $245.50 and its two-hundred day moving average is $251.92. The stock has a market capitalization of $245.81 billion, a P/E ratio of 35.03, a P/E/G ratio of 1.95 and a beta of 1.25. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 0.98.

Salesforce (NYSE:CRM) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $10.27 billion. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, research analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on CRM shares. UBS Group reissued a “neutral” rating and issued a $260.00 price target on shares of Salesforce in a research note on Thursday, December 4th. JMP Securities reaffirmed a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a report on Friday, October 17th. BMO Capital Markets lowered their target price on shares of Salesforce from $280.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, December 4th. DA Davidson boosted their price target on shares of Salesforce from $225.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Finally, Macquarie increased their price objective on shares of Salesforce from $250.00 to $265.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $326.46.

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.