Lokken Investment Group LLC Sells 955 Shares of Salesforce Inc. (NYSE:CRM)

14 Jul 2025, 13:56 by Teresa Graham · The Cerbat Gem

Lokken Investment Group LLC reduced its holdings in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 26.6% during the first quarter, Holdings Channel reports. The fund owned 2,638 shares of the CRM provider’s stock after selling 955 shares during the period. Lokken Investment Group LLC’s holdings in Salesforce were worth $708,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bernard Wealth Management Corp. bought a new position in Salesforce during the fourth quarter valued at approximately $25,000. Accredited Wealth Management LLC bought a new position in Salesforce during the fourth quarter valued at approximately $27,000. Abound Financial LLC bought a new position in Salesforce during the first quarter valued at approximately $31,000. Wood Tarver Financial Group LLC purchased a new stake in shares of Salesforce during the fourth quarter valued at approximately $35,000. Finally, VSM Wealth Advisory LLC purchased a new stake in shares of Salesforce during the fourth quarter valued at approximately $45,000. 80.43% of the stock is currently owned by institutional investors.

Salesforce Trading Down 2.2%

NYSE CRM opened at $258.23 on Monday. Salesforce Inc. has a 12 month low of $230.00 and a 12 month high of $369.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14. The stock’s fifty day moving average price is $272.09 and its 200-day moving average price is $288.49. The stock has a market cap of $246.87 billion, a P/E ratio of 40.41, a P/E/G ratio of 2.34 and a beta of 1.36.

Salesforce (NYSE:CRM – Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The CRM provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.55 by $0.03. The company had revenue of $9.83 billion for the quarter, compared to the consensus estimate of $9.74 billion. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. Salesforce’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.44 EPS. As a group, equities analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were given a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Wednesday, June 18th. Salesforce’s dividend payout ratio (DPR) is currently 25.98%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CRM. Westpark Capital reissued a “buy” rating and set a $320.00 price objective on shares of Salesforce in a research note on Wednesday, May 28th. Piper Sandler increased their price objective on Salesforce from $315.00 to $335.00 and gave the company an “overweight” rating in a research note on Wednesday, May 28th. Sanford C. Bernstein increased their price objective on Salesforce from $243.00 to $255.00 and gave the company an “underperform” rating in a research note on Thursday, May 29th. Guggenheim raised Salesforce from a “sell” rating to a “neutral” rating in a research note on Monday, April 21st. Finally, Macquarie reissued a “neutral” rating and set a $320.00 price objective on shares of Salesforce in a research note on Thursday, March 20th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-seven have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $348.16.

View Our Latest Stock Report on CRM

Insider Activity at Salesforce

In other Salesforce news, insider Miguel Milano sold 405 shares of Salesforce stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $262.35, for a total value of $106,251.75. Following the completion of the sale, the insider owned 9,933 shares of the company’s stock, valued at approximately $2,605,922.55. This trade represents a 3.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Parker Harris sold 1,142 shares of the company’s stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $262.35, for a total value of $299,603.70. Following the transaction, the insider directly owned 136,824 shares in the company, valued at approximately $35,895,776.40. The trade was a 0.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,284 shares of company stock valued at $9,444,537 over the last ninety days. Corporate insiders own 3.20% of the company’s stock.

About Salesforce

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