New Age Alpha Advisors LLC Lowers Holdings in Salesforce Inc. $CRM

New Age Alpha Advisors LLC reduced its position in Salesforce Inc. (NYSE:CRM) by 41.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 29,957 shares of the CRM provider’s stock after selling 20,963 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Salesforce were worth $7,936,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. HBK Sorce Advisory LLC lifted its stake in shares of Salesforce by 16.8% in the 4th quarter. HBK Sorce Advisory LLC now owns 5,753 shares of the CRM provider’s stock valued at $1,524,000 after purchasing an additional 828 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Salesforce by 19.3% in the 4th quarter. Hantz Financial Services Inc. now owns 39,619 shares of the CRM provider’s stock valued at $10,496,000 after purchasing an additional 6,415 shares in the last quarter. Wealthquest Corp acquired a new position in shares of Salesforce in the 4th quarter valued at about $238,000. Summit Asset Management LLC lifted its stake in shares of Salesforce by 36.5% in the 4th quarter. Summit Asset Management LLC now owns 1,211 shares of the CRM provider’s stock valued at $321,000 after purchasing an additional 324 shares in the last quarter. Finally, Mondrian Investment Partners LTD lifted its stake in shares of Salesforce by 2.0% in the 4th quarter. Mondrian Investment Partners LTD now owns 554,989 shares of the CRM provider’s stock valued at $147,022,000 after purchasing an additional 10,793 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Sanford C. Bernstein reduced their price target on Salesforce from $223.00 to $194.00 and set an “underperform” rating on the stock in a research report on Thursday, February 26th. Bank of America assumed coverage on Salesforce in a research report on Monday, May 18th. They set an “underperform” rating and a $160.00 price target on the stock. Piper Sandler reduced their price target on Salesforce from $250.00 to $215.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Needham & Company LLC reissued a “buy” rating and set a $400.00 price target on shares of Salesforce in a research report on Thursday, February 26th. Finally, Citigroup reduced their price target on Salesforce from $200.00 to $188.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $274.12.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce announced an expanded collaboration with Cint to deliver next-generation AI-powered support through Slack, reinforcing the company’s push into agentic enterprise workflows and AI-driven automation. Cint and Salesforce to Deliver the Next Generation of AI-Powered Support
• Positive Sentiment: Several analyst- and media-driven pieces highlighted Salesforce as an attractive AI and software value play, with commentary pointing to strong upside potential and expectations that Q1 results may benefit from continued digital transformation and generative AI adoption. Salesforce Likely to Beat Q1 Earnings Estimates: Time to Buy the Stock?
• Positive Sentiment: Wall Street price-target articles continue to suggest meaningful upside for CRM, with analysts’ average target implying a large gain from current levels and some firms still keeping bullish ratings. Does Salesforce (CRM) Have the Potential to Rally 53.21% as Wall Street Analysts Expect?
• Neutral Sentiment: Salesforce granted 64,296 RSUs to 27 employees tied to the Cimulate acquisition; this is routine retention-related equity compensation and is not likely to materially move the stock on its own. Salesforce Grants Equity Awards to Cimulate Under Its Inducement Equity Incentive Plan
• Neutral Sentiment: Investors are also focused on Salesforce’s upcoming earnings release and expected post-earnings volatility, which adds uncertainty but no clear directional catalyst yet. Here’s How Much Traders Expect Salesforce Stock Could Move After Earnings
• Negative Sentiment: UBS flagged a mixed enterprise software spending backdrop and said it sees limited signs of near-term acceleration in bookings, which may be weighing on sentiment into earnings. Salesforce faces tough enterprise software backdrop heading into earnings, says UBS
• Negative Sentiment: Bank of America reiterated an Underperform rating with a $160 target, signaling that some analysts remain cautious on the stock despite Salesforce’s strong market position. BofA Maintains Underperform Rating on Salesforce (CRM)

Salesforce Price Performance

Shares of NYSE CRM opened at $180.32 on Monday. Salesforce Inc. has a twelve month low of $163.52 and a twelve month high of $280.74. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $147.54 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 1.25 and a beta of 1.14. The business has a 50 day simple moving average of $182.26 and a 200-day simple moving average of $212.64.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, February 25th. The CRM provider reported $3.81 earnings per share for the quarter, beating analysts’ consensus estimates of $3.05 by $0.76. Salesforce had a return on equity of 15.38% and a net margin of 17.96%.The business had revenue of $11.20 billion during the quarter, compared to the consensus estimate of $11.18 billion. During the same period in the previous year, the business earned $2.78 EPS. The business’s quarterly revenue was up 12.1% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. As a group, equities research analysts expect that Salesforce Inc. will post 9.71 earnings per share for the current year.

Salesforce declared that its Board of Directors has approved a share buyback program on Monday, March 16th that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the CRM provider to repurchase up to 14.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director David Blair Kirk acquired 2,570 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was purchased at an average cost of $194.62 per share, for a total transaction of $500,173.40. Following the purchase, the director directly owned 13,689 shares in the company, valued at $2,664,153.18. This represents a 23.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Laura Alber acquired 2,571 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were bought at an average price of $194.58 per share, with a total value of $500,265.18. Following the completion of the purchase, the director owned 9,530 shares in the company, valued at $1,854,347.40. The trade was a 36.94% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.50% of the stock is owned by corporate insiders.

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.