Frank Rimerman Advisors LLC Has $2.84 Million Stock Holdings in Salesforce Inc. $CRM

Frank Rimerman Advisors LLC cut its holdings in shares of Salesforce Inc. (NYSE:CRM) by 27.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,997 shares of the CRM provider’s stock after selling 4,557 shares during the period. Frank Rimerman Advisors LLC’s holdings in Salesforce were worth $2,843,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Marquette Asset Management LLC acquired a new position in shares of Salesforce during the third quarter worth about $26,000. Evolution Wealth Management Inc. bought a new stake in Salesforce in the 2nd quarter valued at approximately $27,000. Quaker Wealth Management LLC boosted its position in Salesforce by 208.6% during the 2nd quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock worth $34,000 after acquiring an additional 242 shares during the last quarter. Spurstone Advisory Services LLC bought a new position in shares of Salesforce during the 2nd quarter worth approximately $34,000. Finally, Country Trust Bank raised its holdings in shares of Salesforce by 658.8% in the second quarter. Country Trust Bank now owns 129 shares of the CRM provider’s stock valued at $35,000 after purchasing an additional 112 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 122 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $259.00, for a total transaction of $31,598.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $3,085,096,889. This trade represents a 0.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Neelie Kroes sold 3,893 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $238.70, for a total value of $929,259.10. Following the transaction, the director owned 7,299 shares of the company’s stock, valued at $1,742,271.30. This trade represents a 34.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 138,677 shares of company stock valued at $32,566,029 in the last quarter. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

CRM has been the topic of several analyst reports. Wall Street Zen raised shares of Salesforce from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Sanford C. Bernstein reiterated an “underperform” rating on shares of Salesforce in a report on Thursday, December 4th. Piper Sandler restated an “overweight” rating on shares of Salesforce in a research note on Thursday, December 4th. Barclays upped their price objective on Salesforce from $330.00 to $338.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Finally, BTIG Research initiated coverage on shares of Salesforce in a research note on Tuesday, December 16th. They issued a “buy” rating and a $335.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus target price of $324.51.

Salesforce Stock Down 0.9%

CRM opened at $212.10 on Friday. The stock has a fifty day moving average of $246.78 and a 200-day moving average of $247.52. The company has a market capitalization of $198.74 billion, a P/E ratio of 28.32, a P/E/G ratio of 1.60 and a beta of 1.26. Salesforce Inc. has a fifty-two week low of $208.78 and a fifty-two week high of $349.50. 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 quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.39. The business had revenue of $10.26 billion during 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 firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.41 earnings per share. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, equities analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th were paid a dividend of $0.416 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $1.66 annualized dividend and a dividend yield of 0.8%. Salesforce’s dividend payout ratio (DPR) is presently 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.