Groupama Asset Managment Buys 5,457 Shares of Salesforce Inc. $CRM

Groupama Asset Managment raised its position in Salesforce Inc. (NYSE:CRM) by 13.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,169 shares of the CRM provider’s stock after purchasing an additional 5,457 shares during the quarter. Groupama Asset Managment’s holdings in Salesforce were worth $12,894,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CRM. Avantax Advisory Services Inc. increased its holdings in Salesforce by 4.0% during the second quarter. Avantax Advisory Services Inc. now owns 87,331 shares of the CRM provider’s stock worth $23,814,000 after buying an additional 3,387 shares during the last quarter. Advyzon Investment Management LLC grew its position in shares of Salesforce by 57.4% in the 2nd quarter. Advyzon Investment Management LLC now owns 1,884 shares of the CRM provider’s stock valued at $514,000 after acquiring an additional 687 shares during the period. Atalanta Sosnoff Capital LLC grew its position in shares of Salesforce by 8.5% in the 2nd quarter. Atalanta Sosnoff Capital LLC now owns 206,614 shares of the CRM provider’s stock valued at $56,342,000 after acquiring an additional 16,176 shares during the period. Achmea Investment Management B.V. increased its stake in shares of Salesforce by 9.2% during the 2nd quarter. Achmea Investment Management B.V. now owns 148,254 shares of the CRM provider’s stock worth $40,427,000 after purchasing an additional 12,544 shares during the last quarter. Finally, Tableaux LLC bought a new stake in shares of Salesforce in the 2nd quarter valued at about $40,904,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Friday, September 26th. The stock was sold at an average price of $242.91, for a total value of $546,547.50. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,893,439,711.61. This represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The shares were purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the transaction, the director directly owned 3,824 shares in the company, valued at $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have sold 54,122 shares of company stock valued at $13,367,438. 3.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on CRM. Morgan Stanley lifted their price objective on shares of Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Bank of America reduced their target price on shares of Salesforce from $325.00 to $305.00 and set a “buy” rating for the company in a report on Monday, November 17th. Wall Street Zen cut shares of Salesforce from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Piper Sandler restated an “overweight” rating and set a $315.00 price objective on shares of Salesforce in a report on Thursday, October 16th. Finally, Stifel Nicolaus decreased their target price on Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, October 9th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus price target of $322.86.

Salesforce Trading Down 2.5%

Shares of CRM stock opened at $228.27 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. Salesforce Inc. has a fifty-two week low of $221.96 and a fifty-two week high of $369.00. The company has a market cap of $217.31 billion, a PE ratio of 33.18, a P/E/G ratio of 2.11 and a beta of 1.19. The stock’s fifty day moving average price is $243.78 and its two-hundred day moving average price is $254.90.

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 the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the company earned $2.56 EPS. Salesforce’s revenue for the quarter 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. Equities analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

About Salesforce

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.