OLD National Bancorp IN Buys 3,677 Shares of Salesforce Inc. $CRM

OLD National Bancorp IN increased its stake in shares of Salesforce Inc. (NYSE:CRM) by 4.6% during the fourth quarter, HoldingsChannel reports. The fund owned 83,865 shares of the CRM provider’s stock after buying an additional 3,677 shares during the period. OLD National Bancorp IN’s holdings in Salesforce were worth $22,217,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CRM. Capital World Investors lifted its holdings in shares of Salesforce by 159.0% in the third quarter. Capital World Investors now owns 17,325,206 shares of the CRM provider’s stock valued at $4,106,255,000 after purchasing an additional 10,636,161 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in Salesforce in the 3rd quarter valued at approximately $484,852,000. Alyeska Investment Group L.P. lifted its stake in Salesforce by 285.4% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,487,627 shares of the CRM provider’s stock valued at $589,568,000 after acquiring an additional 1,842,117 shares in the last quarter. Generation Investment Management LLP acquired a new position in Salesforce during the 3rd quarter worth approximately $431,157,000. Finally, Capital International Investors boosted its position in Salesforce by 9.4% during the 3rd quarter. Capital International Investors now owns 20,051,119 shares of the CRM provider’s stock worth $4,753,519,000 after acquiring an additional 1,729,440 shares during the last quarter. 80.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CRM. UBS Group lowered their price objective on shares of Salesforce from $260.00 to $200.00 and set a “neutral” rating on the stock in a report on Tuesday, February 17th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Salesforce in a research note on Thursday, February 26th. Sanford C. Bernstein cut their price target on shares of Salesforce from $223.00 to $194.00 and set an “underperform” rating on the stock in a research report on Thursday, February 26th. Truist Financial set a $280.00 price objective on shares of Salesforce in a research note on Thursday, February 26th. Finally, TD Cowen lowered their target price on Salesforce from $325.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $279.18.

Salesforce Stock Performance

Shares of CRM stock opened at $174.37 on Thursday. The company has a fifty day moving average price of $187.68 and a two-hundred day moving average price of $222.98. Salesforce Inc. has a one year low of $163.52 and a one year high of $296.05. The stock has a market cap of $142.67 billion, a P/E ratio of 22.41, a P/E/G ratio of 1.36 and a beta of 1.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, February 25th. The CRM provider reported $3.81 earnings per share for the quarter, topping the consensus estimate of $3.05 by $0.76. The company had revenue of $11.20 billion for the quarter, compared to analyst estimates of $11.18 billion. Salesforce had a net margin of 17.96% and a return on equity of 15.38%. Salesforce’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.78 EPS. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. As a group, equities analysts predict that Salesforce Inc. will post 9.71 EPS for the current year.

Salesforce Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, April 9th will be paid a $0.44 dividend. This is a positive change from Salesforce’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, April 9th. Salesforce’s dividend payout ratio is currently 22.54%.

Salesforce declared that its Board of Directors has approved a share buyback plan on Monday, March 16th that authorizes the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization authorizes the CRM provider to reacquire up to 14.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Insider Activity at Salesforce

In other Salesforce news, Director Laura Alber purchased 2,571 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average price of $194.58 per share, for a total transaction of $500,265.18. Following the purchase, the director owned 9,530 shares in the company, valued at approximately $1,854,347.40. The trade was a 36.94% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David Blair Kirk acquired 2,570 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was bought at an average price of $194.62 per share, for a total transaction of $500,173.40. Following the completion of the acquisition, the director owned 13,689 shares of the company’s stock, valued at approximately $2,664,153.18. The trade was a 23.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.00% of the stock is owned by corporate insiders.

Salesforce News Summary

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Expanded Google Cloud partnership that enables AI agents to act across Salesforce and Google Workspace/Slack — improves enterprise integration and could accelerate enterprise AI adoption and cross‑platform revenue. Salesforce and Google Cloud PR
• Positive Sentiment: Agentforce adoption showing rapid traction (Agentforce ARR and agentic actions growth), supporting Salesforce’s shift to usage‑based AI monetization — a structural upside to revenue mix and long‑term growth. Seeking Alpha on Agentforce
• Positive Sentiment: Company headline of a $25 billion buyback cited in coverage — buybacks can support EPS and signal management confidence, bolstering investor demand. Blockonomi: Buyback & Google partnership
• Positive Sentiment: Notable bullish endorsements: Truist reaffirmed a Buy (PT $280) after TDX developer event; Jim Cramer advised holders not to sell at current levels; reports that investor Michael Burry is building software positions — these provide sentiment support. Jim Cramer on CRM
• Neutral Sentiment: Short‑term momentum and market commentary noted CRM outpaced the market on recent sessions (small intraday gains), but those moves haven’t offset broader concerns. Yahoo: Outpaced the market
• Neutral Sentiment: Comparisons to peers (Adobe, Oracle) highlight competitive positioning and different AI execution paths — useful for relative valuation and allocation decisions but not an immediate catalyst. Salesforce vs Adobe
• Negative Sentiment: Piper Sandler trimmed its price target from $250 to $215, citing rising AI competition in enterprise software — analyst PT cuts can pressure sentiment and trigger re‑rating risk. Piper Sandler PT cut
• Negative Sentiment: Investor letters and coverage flagged AI disruption fears that pressured Q1 performance and highlight execution/transition risks as Salesforce shifts pricing models — creates short‑term volatility risk. InsiderMonkey on AI fears
• Negative Sentiment: Articles revisiting the 2025 drop (30% plunge) and mixed analyst outlooks remind investors of CRM’s volatility and the potential for sharp drawdowns before any forecasted rallies. Blockonomi: 2025 plunge & outlook

About Salesforce

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.