Salesforce Inc. $CRM Shares Sold by Kampmann Melissa S.

Kampmann Melissa S. reduced its stake in shares of Salesforce Inc. (NYSE:CRM) by 35.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,240 shares of the CRM provider’s stock after selling 2,374 shares during the period. Kampmann Melissa S.’s holdings in Salesforce were worth $664,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Commonwealth Retirement Investments LLC acquired a new position in Salesforce during the fourth quarter worth $25,000. Manning & Napier Advisors LLC acquired a new stake in shares of Salesforce in the 2nd quarter worth $26,000. Gilpin Wealth Management LLC acquired a new stake in shares of Salesforce in the 4th quarter worth $26,000. Persistent Asset Partners Ltd purchased a new position in shares of Salesforce during the 2nd quarter worth $27,000. Finally, Costello Asset Management INC raised its holdings in shares of Salesforce by 410.3% during 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 during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Analysts Set New Price Targets

CRM has been the subject of a number of analyst reports. Citigroup upped their price objective on shares of Salesforce from $204.00 to $233.00 and gave the company a “neutral” rating in a report on Thursday, August 27th. Citizens Jmp reaffirmed a “market outperform” rating and set a $315.00 target price on shares of Salesforce in a research note on Tuesday, August 25th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Salesforce in a report on Thursday, August 27th. Weiss Ratings upgraded shares of Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Finally, Roth Capital restated a “buy” rating and set a $325.00 price target on shares of Salesforce in a report on Thursday, May 28th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $266.50.

Salesforce Stock Up 2.8%

Shares of CRM opened at $264.13 on Friday. The firm has a market cap of $217.38 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 1.19 and a beta of 1.20. Salesforce Inc. has a 12-month low of $146.32 and a 12-month high of $269.11. The company’s 50-day moving average price is $189.85 and its 200 day moving average price is $184.47. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The company had revenue of $11.35 billion for the quarter, compared to analyst estimates of $11.33 billion. During the same quarter in the previous year, the company earned $2.91 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. On average, sell-side analysts forecast that Salesforce Inc. will post 12.64 earnings per share for the current year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, September 17th. Salesforce’s payout ratio is currently 16.04%.

Salesforce News Summary

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Anthropic partnership strengthens AI outlook: Salesforce and Anthropic launched “Claudeforce,” integrating Claude AI into Salesforce’s platform. The partnership is viewed as a potential source of new revenue, improved Agentforce adoption and access to additional enterprise customers. Salesforce partners with Anthropic to integrate Claude AI into its ecosystem
• Positive Sentiment: Strong quarterly performance and higher guidance: Salesforce reported $11.35 billion in quarterly revenue, up 10.8% year over year, and adjusted earnings of $5.90 per share versus the $3.27 consensus estimate. Current remaining performance obligations rose 14%, while management’s increased fiscal-year outlook supports expectations for accelerating growth. Salesforce: Proving That AI Needs A Software Partner
• Positive Sentiment: Analysts raised targets: Cantor Fitzgerald lifted its target to $300, BTIG reaffirmed a Buy rating with a $300 target, and Needham maintained its Buy rating while setting a $400 target. The revisions indicate that analysts see improving business trends and further upside from Salesforce’s AI offerings. BTIG says it is incrementally confident in improving business trends
• Positive Sentiment: Enterprise software rebound provides a tailwind: Salesforce is participating in a broader recovery in enterprise software stocks as bearish positions unwind and investors rotate back toward established AI beneficiaries. Jim Cramer breaks down the enterprise software rebound
• Neutral Sentiment: Quarterly dividend declared: Salesforce’s board approved a $0.44-per-share cash dividend, payable October 8 to shareholders of record September 17. The payment adds shareholder income but is unlikely to be the primary driver of the stock’s move. Salesforce Announces Quarterly Dividend
• Negative Sentiment: Execution expectations are rising: After a sharp rally, investors will expect Salesforce to convert Agentforce and Claudeforce interest into sustained revenue acceleration. Elevated expectations and the stock’s proximity to its yearly high could increase sensitivity to any signs of slower adoption or weaker guidance.

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.