Cornerstone Planning LLC Purchases New Position in Salesforce Inc. $CRM

Cornerstone Planning LLC acquired a new stake in Salesforce Inc. (NYSE:CRM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 10,464 shares of the CRM provider’s stock, valued at approximately $2,784,000.

A number of other hedge funds have also recently added to or reduced their stakes in CRM. Commonwealth Retirement Investments LLC acquired a new position in shares of Salesforce during the fourth quarter worth $25,000. Board of the Pension Protection Fund acquired a new stake in shares of Salesforce during the 4th quarter valued at $26,000. Key Capital Management INC acquired a new stake in shares of Salesforce during the 4th quarter valued at $26,000. Gilpin Wealth Management LLC bought a new stake in Salesforce during the 4th quarter worth $26,000. Finally, Legacy Bridge LLC bought a new stake in Salesforce during the 4th quarter worth $27,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Down 0.1%

Shares of CRM opened at $151.67 on Friday. The stock’s 50-day moving average price is $177.42 and its two-hundred day moving average price is $204.35. Salesforce Inc. has a 12 month low of $149.80 and a 12 month high of $276.80. The company has a market capitalization of $124.22 billion, a PE ratio of 17.55, a PEG ratio of 0.94 and a beta of 1.16. 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) last issued its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, beating 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 company had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter in the prior year, the firm posted $2.58 earnings per share. The business’s quarterly revenue was up 13.3% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. On average, analysts anticipate that Salesforce Inc. will post 10.29 EPS for the current year.

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

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 11th. Salesforce’s dividend payout ratio is currently 20.37%.

Salesforce News Roundup

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Monness Crespi & Hardt upgraded Salesforce to buy from neutral and set a $200 price target, signaling roughly 32% upside and citing valuation appeal plus AI-related gains. Monness upgrades Salesforce stock on valuation, AI gains; sees 31% upside
• Positive Sentiment: Truist reiterated confidence in Salesforce following its $3.6 billion acquisition of Fin, a move that could strengthen the company’s AI/customer-agent product lineup. Salesforce (CRM) Earns Vote of Confidence from Truist after $3.6 Billion Acquisition
• Positive Sentiment: Several recent articles highlighted Salesforce as a long-term growth name and an AI beneficiary, with bullish coverage around its Agentforce strategy and generative AI positioning. Why Salesforce (CRM) is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Comparison pieces versus Oracle and broad stock-picking articles suggest investors are weighing Salesforce’s slower recent performance against its AI growth narrative rather than reacting to a single new catalyst. Oracle vs. Salesforce: Which Tech Giant Is The Better Buy?
• Negative Sentiment: A recent commentary noted that Salesforce stock has fallen sharply this year, reflecting investor concern about execution, growth expectations, and the company’s discounted valuation versus past highs. Salesforce (CRM) Stock Plunges 41% This Year — A Buying Opportunity Emerges?

Analyst Upgrades and Downgrades

Several equities analysts have commented on CRM shares. Mizuho dropped their target price on Salesforce from $280.00 to $265.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Barclays upgraded Salesforce from an “overweight” rating to an “overweight” rating in a report on Thursday. BTIG Research reaffirmed a “buy” rating and issued a $255.00 price objective on shares of Salesforce in a research note on Tuesday, May 26th. Jefferies Financial Group reiterated a “buy” rating on shares of Salesforce in a report on Monday, June 15th. Finally, B. Riley Financial lifted their target price on shares of Salesforce from $205.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $257.61.

Salesforce Profile

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.