Mattern Capital Management LLC Buys 5,947 Shares of Salesforce Inc. $CRM

Posted by Stanley Muller on Jul 14th, 2026

Mattern Capital Management LLC boosted its position in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 119.4% during the first quarter, Holdings Channel.com reports. The fund owned 10,927 shares of the CRM provider’s stock after acquiring an additional 5,947 shares during the quarter. Mattern Capital Management LLC’s holdings in Salesforce were worth $2,040,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Temasek Holdings Private Ltd grew its holdings in Salesforce by 3.7% during the 4th quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock valued at $181,143,000 after buying an additional 24,332 shares in the last quarter. SFE Investment Counsel raised its holdings in shares of Salesforce by 82.7% during the 4th quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider’s stock worth $4,608,000 after acquiring an additional 7,871 shares in the last quarter. Secured Retirement Advisors LLC bought a new position in shares of Salesforce during the 1st quarter valued at approximately $1,004,000. Hilton Head Capital Partners LLC bought a new position in shares of Salesforce during the 4th quarter valued at approximately $997,000. Finally, Independent Franchise Partners LLP purchased a new position in shares of Salesforce in the fourth quarter valued at $142,521,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Stock Up 4.9%

Shares of NYSE CRM opened at $171.39 on Tuesday. Salesforce Inc. has a 12-month low of $146.32 and a 12-month high of $274.00. The stock’s fifty day simple moving average is $171.79 and its two-hundred day simple moving average is $193.37. The stock has a market capitalization of $140.37 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15.

Salesforce (NYSE:CRM – Get Free Report) last released its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping the consensus estimate of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The firm had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.05 billion. During the same period in the previous year, the company posted $2.58 EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. As a group, analysts expect that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce announced that its Board of Directors has authorized a stock buyback plan on Monday, March 16th that permits the company to repurchase $25.00 billion in shares. This repurchase authorization permits the CRM provider to repurchase up to 14.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 11th. Salesforce’s dividend payout ratio is presently 20.37%.

Analyst Ratings Changes

CRM has been the topic of several recent research reports. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 target price on shares of Salesforce in a research report on Thursday, May 28th. Citizens Jmp reissued a “market outperform” rating and set a $315.00 price objective on shares of Salesforce in a research note on Thursday, May 28th. DA Davidson decreased their price objective on Salesforce from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Thursday, May 28th. HC Wainwright lowered Salesforce to a “negative” rating in a research note on Thursday, June 18th. Finally, Piper Sandler cut Salesforce from an “overweight” rating to a “neutral” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Salesforce presently has an average rating of “Moderate Buy” and an average target price of $254.42.

Read Our Latest Research Report on Salesforce

Salesforce Profile

(Free Report)

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.