New Insight Wealth Advisors Sells 122 Shares of Salesforce Inc. $CRM

New Insight Wealth Advisors cut its holdings in shares of Salesforce Inc. (NYSE:CRM) by 3.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,607 shares of the CRM provider’s stock after selling 122 shares during the period. New Insight Wealth Advisors’ holdings in Salesforce were worth $984,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CRM. Nuveen LLC bought a new position in shares of Salesforce in the 1st quarter valued at $2,039,196,000. GAMMA Investing LLC grew its position in shares of Salesforce by 30,456.9% in the 1st quarter. GAMMA Investing LLC now owns 3,801,588 shares of the CRM provider’s stock valued at $1,020,194,000 after buying an additional 3,789,147 shares during the last quarter. Longview Partners Guernsey LTD bought a new stake in shares of Salesforce in the 1st quarter valued at about $467,944,000. Pacer Advisors Inc. grew its position in shares of Salesforce by 1,744.0% in the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock valued at $488,486,000 after buying an additional 1,721,550 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after buying an additional 1,383,942 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $269.38, for a total transaction of $606,105.00. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $3,208,738,995.98. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction dated Tuesday, September 9th. The shares were bought at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. The trade was a 801.89% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 78,750 shares of company stock worth $19,955,745. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CRM. Roth Capital reiterated a “buy” rating and set a $395.00 price target on shares of Salesforce in a report on Thursday, September 4th. Royal Bank Of Canada decreased their price target on Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a report on Thursday, September 4th. Oppenheimer dropped their price target on Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 26th. KeyCorp dropped their price target on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. Finally, BMO Capital Markets dropped their price target on Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and a consensus target price of $332.58.

Salesforce Price Performance

Shares of NYSE CRM opened at $240.93 on Friday. The stock has a market cap of $229.37 billion, a PE ratio of 35.02, a price-to-earnings-growth ratio of 2.24 and a beta of 1.22. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a fifty day moving average of $249.70 and a 200-day moving average of $261.92.

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

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be given a $0.416 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s payout ratio is 24.13%.

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.