Andra AP fonden raised its holdings in Salesforce Inc. (NYSE:CRM – Free Report) by 4,855.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 168,472 shares of the CRM provider’s stock after buying an additional 165,072 shares during the quarter. Andra AP fonden’s holdings in Salesforce were worth $26,393,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Commonwealth Retirement Investments LLC bought a new position in Salesforce during the 4th quarter valued at about $25,000. ABS Direct Equity Fund LLC acquired a new stake in shares of Salesforce during the second quarter worth approximately $25,000. Manning & Napier Advisors LLC acquired a new stake in shares of Salesforce during the second quarter worth approximately $26,000. Persistent Asset Partners Ltd bought a new position in shares of Salesforce in the second quarter valued at approximately $27,000. Finally, Costello Asset Management INC boosted its holdings in shares of Salesforce by 410.3% in the 1st quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock worth $28,000 after acquiring an additional 119 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.
More Salesforce News
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment: Director David Blair Kirk purchased 4,176 Salesforce shares for approximately $999,000, increasing his direct ownership by 28.7%. The insider purchase may signal confidence in CRM’s long-term value. David Blair Kirk Purchases Salesforce Shares
- Positive Sentiment: Zacks identified Salesforce as a strong value stock, with its valuation and earnings outlook potentially appealing to investors seeking market-beating opportunities. CRM trades at roughly 21 times earnings, while analysts maintain a broadly positive consensus and an average price target above recent trading levels. Why Salesforce Is a Strong Value Stock
- Positive Sentiment: Coverage of Salesforce’s expanded OpenAI partnership suggests AI adoption could increase demand for its software rather than displace it. Salesforce’s recent earnings also showed revenue growth and a significant EPS beat, supporting the company’s AI-led growth narrative. AI Is Reshaping SaaS
- Neutral Sentiment: Salesforce has attracted heightened attention from Zacks users, but the reports provide no major new fundamental development. Increased visibility could support trading interest while also contributing to volatility. Salesforce Investor Attention
- Negative Sentiment: AI-focused stocks, including Salesforce, are declining as investors lock in profits following Monday’s record-setting rally. This broad technology-sector selling appears to be the main reason CRM is weaker today rather than a Salesforce-specific deterioration. Stocks Explaining Today’s Market
- Negative Sentiment: A comparison with Twilio concludes that Twilio offers faster growth and more direct AI communications exposure, giving it an edge over Salesforce for some investors despite Twilio’s higher valuation. This could limit relative enthusiasm for CRM. Salesforce vs. Twilio
Insider Activity
Analyst Upgrades and Downgrades
Several brokerages have issued reports on CRM. CLSA initiated coverage on Salesforce in a research report on Monday, July 20th. They issued a “hold” rating and a $165.00 price objective for the company. Cantor Fitzgerald reissued an “overweight” rating and set a $300.00 price objective on shares of Salesforce in a report on Thursday, September 17th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $315.00 target price on shares of Salesforce in a research note on Friday. Raymond James Financial reiterated a “strong-buy” rating on shares of Salesforce in a research report on Thursday, August 27th. Finally, DA Davidson set a $225.00 price target on shares of Salesforce in a research note on Thursday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $275.14.
Check Out Our Latest Analysis on Salesforce
Salesforce Trading Down 2.2%
NYSE CRM traded down $5.21 during trading hours on Tuesday, hitting $231.21. The company’s stock had a trading volume of 5,631,485 shares, compared to its average volume of 13,991,959. Salesforce Inc. has a twelve month low of $146.32 and a twelve month high of $269.11. The firm has a market capitalization of $190.28 billion, a P/E ratio of 21.08, a PEG ratio of 1.09 and a beta of 1.20. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The stock has a fifty day moving average of $210.22 and a 200 day moving average of $189.50.
Salesforce (NYSE:CRM – Get Free Report) last released its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, topping analysts’ consensus estimates of $3.27 by $2.63. The firm had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.33 billion. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.91 EPS. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Equities research analysts forecast that Salesforce Inc. will post 12.82 earnings per share for the current fiscal year.
Salesforce Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a yield of 0.8%. Salesforce’s dividend payout ratio (DPR) is 16.04%.
Salesforce Company Profile
Salesforce, Inc is a cloud-based software company that provides customer relationship management (CRM) technology and related enterprise applications. Its platform helps organizations manage sales, customer service, marketing, commerce, data analytics and business operations through subscription-based software and cloud services.
The company’s product portfolio includes Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Data Cloud and the Salesforce Platform. Salesforce also offers Slack for workplace collaboration, Tableau for data visualization and analytics, MuleSoft for application integration, and artificial intelligence capabilities, including its Agentforce platform for building and deploying AI agents.
Founded in 1999, Salesforce is headquartered in San Francisco, California, and serves businesses and organizations across a broad range of industries and geographic markets worldwide.
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