Salesforce Inc. $CRM Shares Sold by Asio Capital LLC

Asio Capital LLC lowered its holdings in shares of Salesforce Inc. (NYSE:CRM) by 29.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,244 shares of the CRM provider’s stock after selling 7,561 shares during the period. Asio Capital LLC’s holdings in Salesforce were worth $4,324,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. KDT Advisors LLC grew its holdings in shares of Salesforce by 4.1% in the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock worth $260,000 after acquiring an additional 38 shares during the last quarter. Scott & Selber Inc. boosted its position in shares of Salesforce by 0.7% in the 2nd quarter. Scott & Selber Inc. now owns 5,850 shares of the CRM provider’s stock valued at $1,595,000 after purchasing an additional 39 shares during the period. Hanson & Doremus Investment Management increased its stake in Salesforce by 6.9% in the 2nd quarter. Hanson & Doremus Investment Management now owns 607 shares of the CRM provider’s stock worth $166,000 after purchasing an additional 39 shares in the last quarter. Beverly Hills Private Wealth LLC increased its stake in Salesforce by 2.3% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 1,716 shares of the CRM provider’s stock worth $468,000 after purchasing an additional 39 shares in the last quarter. Finally, Lifeworks Advisors LLC raised its holdings in Salesforce by 2.9% during the 2nd quarter. Lifeworks Advisors LLC now owns 1,420 shares of the CRM provider’s stock worth $387,000 after buying an additional 40 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on CRM shares. Guggenheim reiterated a “neutral” rating on shares of Salesforce in a report on Thursday, December 4th. Sanford C. Bernstein restated an “underperform” rating on shares of Salesforce in a research report on Thursday, December 4th. Wedbush reaffirmed an “outperform” rating and issued a $375.00 price objective on shares of Salesforce in a research note on Thursday, December 4th. Citigroup cut shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Salesforce in a report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned 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 a consensus rating of “Moderate Buy” and an average target price of $326.68.

Insider Activity at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $255.56, for a total value of $575,010.00. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $3,044,121,084.76. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Parker Harris sold 134,662 shares of Salesforce stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total value of $31,605,171.40. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 166,284 shares of company stock worth $39,439,229. 3.00% of the stock is owned by insiders.

Salesforce Price Performance

Shares of NYSE:CRM opened at $265.29 on Friday. The stock has a market capitalization of $248.57 billion, a P/E ratio of 35.42, a P/E/G ratio of 1.98 and a beta of 1.25. The business has a 50-day moving average of $248.70 and a two-hundred day moving average of $251.77. Salesforce Inc. has a fifty-two week low of $221.96 and a fifty-two week high of $367.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.39. The business had revenue of $10.26 billion for 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%.The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, equities research analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

About Salesforce

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.