Salesforce Inc. $CRM Shares Sold by HB Wealth Management LLC

08 Sep 2026, 04:49 by Doug Wharley · The Cerbat Gem

HB Wealth Management LLC lowered its position in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 9.3% in the second quarter, Holdings Channel reports. The institutional investor owned 33,897 shares of the CRM provider’s stock after selling 3,462 shares during the period. HB Wealth Management LLC’s holdings in Salesforce were worth $5,310,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CRM. Saudi Central Bank lifted its position in Salesforce by 61.4% in the second quarter. Saudi Central Bank now owns 55,832 shares of the CRM provider’s stock valued at $8,747,000 after purchasing an additional 21,246 shares during the period. Angeles Wealth Management LLC increased its position in Salesforce by 40.9% during the 2nd quarter. Angeles Wealth Management LLC now owns 7,510 shares of the CRM provider’s stock worth $1,179,000 after purchasing an additional 2,180 shares during the period. Riverview Capital Advisers LLC raised its stake in shares of Salesforce by 22.3% during the 2nd quarter. Riverview Capital Advisers LLC now owns 51,438 shares of the CRM provider’s stock worth $8,058,000 after buying an additional 9,371 shares in the last quarter. NBH Bank acquired a new stake in shares of Salesforce in the 2nd quarter valued at approximately $450,000. Finally, AlphaGrep UK Ltd purchased a new stake in shares of Salesforce in the second quarter valued at approximately $428,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Activity at Salesforce

In related news, Director Craig Conway sold 4,500 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the sale, the director owned 5,437 shares of the company’s stock, valued at $1,416,936.57. This trade represents a 45.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CRM has been the subject of several research analyst reports. Scotiabank cut Salesforce from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salesforce in a research report on Thursday, August 27th. Mizuho increased their price target on shares of Salesforce from $250.00 to $265.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. CLSA assumed coverage on shares of Salesforce in a research note on Monday, July 20th. They issued a “hold” rating and a $165.00 price objective for the company. Finally, UBS Group boosted their price objective on shares of Salesforce from $210.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $266.50.

Read Our Latest Analysis on CRM

Salesforce Stock Up 0.1%

CRM stock opened at $259.39 on Tuesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. The company’s 50 day simple moving average is $193.90 and its 200-day simple moving average is $185.49. Salesforce Inc. has a 12 month low of $146.32 and a 12 month high of $269.11. The firm has a market capitalization of $213.48 billion, a PE ratio of 23.65, a P/E/G ratio of 1.20 and a beta of 1.20.

Salesforce (NYSE:CRM – Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $2.63. The firm had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.91 EPS. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Equities analysts expect that Salesforce Inc. will post 12.65 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, September 17th. Salesforce’s dividend payout ratio is currently 16.04%.

About Salesforce

(Free Report)

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.