Assetmark Inc. Sells 1,555 Shares of Salesforce Inc. $CRM

Assetmark Inc. decreased its holdings in shares of Salesforce Inc. (NYSE:CRM) by 0.8% during the second quarter, HoldingsChannel reports. The fund owned 186,379 shares of the CRM provider’s stock after selling 1,555 shares during the quarter. Assetmark Inc.’s holdings in Salesforce were worth $50,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CRM. Painted Porch Advisors LLC raised its holdings in Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after acquiring an additional 65 shares during the period. Capital A Wealth Management LLC raised its holdings in Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 90 shares during the period. CBIZ Investment Advisory Services LLC raised its holdings in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 85 shares during the period. Abound Financial LLC bought a new stake in Salesforce during the 1st quarter valued at $31,000. Finally, Christopher J. Hasenberg Inc raised its holdings in Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after acquiring an additional 92 shares during the period. Institutional investors own 80.43% of the company’s stock.

Salesforce Stock Up 2.2%

Shares of NYSE:CRM opened at $256.90 on Friday. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The firm has a fifty day moving average of $247.26 and a 200 day moving average of $258.02. The firm has a market capitalization of $244.57 billion, a PE ratio of 37.34, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. 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 (NYSE:CRM) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the business posted $2.56 earnings per share. The company’s 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, research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were given a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, September 17th. Salesforce’s dividend payout ratio is presently 24.13%.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $252.04, for a total transaction of $567,090.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,002,192,354.84. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 78,750 shares of company stock worth $19,372,928 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CRM shares. Barclays decreased their price target on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. JMP Securities reaffirmed a “market outperform” rating and issued a $430.00 price target on shares of Salesforce in a report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Salesforce in a report on Tuesday, October 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $315.00 price target on shares of Salesforce in a report on Thursday, October 16th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $375.00 price target on shares of Salesforce in a report on Thursday, October 16th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $325.23.

Salesforce Company 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.