CW Advisors LLC Trims Stake in Salesforce Inc. $CRM

CW Advisors LLC lessened its holdings in Salesforce Inc. (NYSE:CRM) by 40.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,467 shares of the CRM provider’s stock after selling 30,785 shares during the period. CW Advisors LLC’s holdings in Salesforce were worth $12,127,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Acorns Advisers LLC boosted its stake in Salesforce by 22.2% during the second quarter. Acorns Advisers LLC now owns 1,062 shares of the CRM provider’s stock worth $290,000 after buying an additional 193 shares during the period. JT Stratford LLC increased its holdings in Salesforce by 231.6% in the 2nd quarter. JT Stratford LLC now owns 7,346 shares of the CRM provider’s stock valued at $2,003,000 after purchasing an additional 5,131 shares during the last quarter. Locust Wood Capital Advisers LLC increased its holdings in Salesforce by 10.5% in the 2nd quarter. Locust Wood Capital Advisers LLC now owns 425,920 shares of the CRM provider’s stock valued at $116,144,000 after purchasing an additional 40,468 shares during the last quarter. PharVision Advisers LLC purchased a new stake in Salesforce in the second quarter valued at approximately $356,000. Finally, Peloton Wealth Strategists boosted its position in shares of Salesforce by 4.5% during the second quarter. Peloton Wealth Strategists now owns 24,520 shares of the CRM provider’s stock worth $6,686,000 after buying an additional 1,055 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CRM has been the topic of several research analyst reports. Sanford C. Bernstein cut their price objective on Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a report on Thursday, September 4th. Macquarie reaffirmed a “neutral” rating and issued a $250.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Citizens Jmp reissued a “market outperform” rating and set a $430.00 price target on shares of Salesforce in a research report on Tuesday. Northland Capmk lowered shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 14th. Finally, Morgan Stanley upped their target price on shares of Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Salesforce currently has a consensus rating of “Moderate Buy” and an average price target of $323.29.

Insider Activity at Salesforce

In other Salesforce news, Director David Blair Kirk acquired 3,400 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director owned 3,824 shares in the company, valued at $973,819.84. The trade was a 801.89% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $251.12, for a total value of $565,020.00. Following the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,991,233,709.52. This trade represents a 0.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 184,284 shares of company stock valued at $43,862,999 over the last quarter. 3.00% of the stock is owned by insiders.

Salesforce Stock Up 1.6%

Shares of NYSE:CRM opened at $238.47 on Thursday. The firm’s 50 day moving average price is $242.78 and its 200 day moving average price is $253.10. The stock has a market cap of $227.02 billion, a price-to-earnings ratio of 34.66, a price-to-earnings-growth ratio of 1.83 and a beta of 1.25. Salesforce Inc. has a fifty-two week low of $221.96 and a fifty-two week high of $369.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 EPS for the quarter, topping the consensus estimate of $2.86 by $0.39. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $10.27 billion. During the same quarter in the previous year, the business posted $2.41 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. As a group, equities research analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

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.