25,115 Shares in Salesforce Inc. $CRM Acquired by Delta Global Management LP

Delta Global Management LP bought a new stake in Salesforce Inc. (NYSE:CRM) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 25,115 shares of the CRM provider’s stock, valued at approximately $4,688,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Everest Financial Group LLC grew its holdings in Salesforce by 3.9% during the 1st quarter. Everest Financial Group LLC now owns 34,532 shares of the CRM provider’s stock worth $6,442,000 after acquiring an additional 1,282 shares in the last quarter. OMERS ADMINISTRATION Corp increased its position in shares of Salesforce by 16.1% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 105,170 shares of the CRM provider’s stock valued at $19,632,000 after purchasing an additional 14,586 shares during the last quarter. Van Diest Capital LLC lifted its position in shares of Salesforce by 70.7% during the 1st quarter. Van Diest Capital LLC now owns 4,369 shares of the CRM provider’s stock worth $815,000 after purchasing an additional 1,809 shares during the last quarter. Lombard Odier Asset Management Europe Ltd grew its stake in shares of Salesforce by 18.1% during the first quarter. Lombard Odier Asset Management Europe Ltd now owns 40,959 shares of the CRM provider’s stock worth $7,646,000 after purchasing an additional 6,289 shares in the last quarter. Finally, Waverly Advisors LLC grew its stake in shares of Salesforce by 8.5% during the first quarter. Waverly Advisors LLC now owns 140,659 shares of the CRM provider’s stock worth $26,257,000 after purchasing an additional 11,036 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Trading Up 4.3%

NYSE:CRM opened at $163.65 on Friday. The stock’s 50 day moving average price is $170.08 and its 200 day moving average price is $187.79. The company has a market capitalization of $134.03 billion, a PE ratio of 18.94, a P/E/G ratio of 0.88 and a beta of 1.18. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. Salesforce Inc. has a 52-week low of $146.32 and a 52-week high of $274.00.

Salesforce (NYSE:CRM) 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 company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same quarter in the previous year, the company posted $2.58 earnings per share. The firm’s revenue 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. On average, research analysts anticipate that Salesforce Inc. will post 10.29 EPS for the current year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, June 11th. Salesforce’s payout ratio is presently 20.37%.

Analysts Set New Price Targets

CRM has been the topic of a number of analyst reports. Citizens Jmp restated a “market outperform” rating and issued a $315.00 price target on shares of Salesforce in a research note on Thursday, May 28th. Raymond James Financial reiterated a “strong-buy” rating on shares of Salesforce in a report on Tuesday. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 target price on shares of Salesforce in a research report on Thursday, May 28th. Monness Crespi & Hardt upgraded shares of Salesforce from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research note on Thursday, June 18th. Finally, Scotiabank downgraded shares of Salesforce from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $249.51.

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce said the U.S. Department of Veterans Affairs awarded it a $1.6 billion, three-year agreement to help modernize veteran care and services through its Missionforce platform, a major enterprise and government win that could support future revenue growth. Article Title
• Positive Sentiment: Market commentary highlighted Salesforce as part of a broader rally in enterprise software tied to government AI deals, suggesting investors are rewarding the company’s AI-driven growth story and large-addressable-market opportunity. Article Title
• Positive Sentiment: Salesforce also announced equity awards for new employees joining from the acquisitions of Qualified and MeshMesh, reinforcing that the company is still using M&A and talent integration to expand its product capabilities. Article Title
• Neutral Sentiment: Several pieces discussed Salesforce’s longer-term outlook and AI platform strategy, including third-party takes on catalysts and new apps built on Salesforce, which support the stock’s narrative but are less immediate drivers than the VA deal. Article Title
• Negative Sentiment: One article flagged a “critical security test” for Salesforce, which could raise investor concerns about execution and platform trust, though it is not as immediate as the contract news. Article Title
• Negative Sentiment: Salesforce was also mentioned in a piece about the company falling more than the broader market the prior day, reflecting that the stock has still been under pressure despite the recent upbeat headlines. Article Title

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.