Impax Asset Management Group plc Sells 9,125 Shares of Salesforce Inc. $CRM

Impax Asset Management Group plc trimmed its position in Salesforce Inc. (NYSE:CRM) by 36.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,850 shares of the CRM provider’s stock after selling 9,125 shares during the quarter. Impax Asset Management Group plc’s holdings in Salesforce were worth $4,322,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CRM. Brighton Jones LLC boosted its holdings in Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after purchasing an additional 3,102 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after buying an additional 205 shares in the last quarter. Bison Wealth LLC boosted its stake in Salesforce by 9.0% during the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after buying an additional 184 shares during the period. Victory Capital Management Inc. boosted its stake in Salesforce by 0.8% during the first quarter. Victory Capital Management Inc. now owns 506,104 shares of the CRM provider’s stock valued at $135,818,000 after buying an additional 3,940 shares during the period. Finally, Welch & Forbes LLC grew its position in Salesforce by 1.4% during the first quarter. Welch & Forbes LLC now owns 9,526 shares of the CRM provider’s stock worth $2,556,000 after buying an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $246.66, for a total value of $554,985.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,938,108,102.86. The trade was a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Blair Kirk bought 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the acquisition, the director directly owned 3,824 shares in the company, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders sold 67,622 shares of company stock worth $16,714,561. Company insiders own 3.00% of the company’s stock.

Salesforce Stock Down 2.4%

Shares of NYSE CRM opened at $240.13 on Friday. The stock has a market capitalization of $228.60 billion, a P/E ratio of 34.90, a PEG ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The firm’s 50 day simple moving average is $246.64 and its two-hundred day simple moving average is $257.78. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the business posted $2.56 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were paid a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is 24.13%.

Analyst Upgrades and Downgrades

CRM has been the topic of several recent analyst reports. KeyCorp lowered their price target on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Salesforce in a report on Tuesday. Oppenheimer lowered their target price on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 26th. JMP Securities reiterated a “market outperform” rating and set a $430.00 target price on shares of Salesforce in a research report on Friday, October 17th. Finally, Piper Sandler reissued an “overweight” rating and issued a $315.00 price target on shares of Salesforce in a research note on Thursday, October 16th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus target price of $325.23.

Salesforce 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.