BI Asset Management Fondsmaeglerselskab A S Trims Stock Position in Salesforce Inc. $CRM

BI Asset Management Fondsmaeglerselskab A S cut its stake in Salesforce Inc. (NYSE:CRM) by 23.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,676 shares of the CRM provider’s stock after selling 33,060 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Salesforce were worth $20,100,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ARS Investment Partners LLC lifted its holdings in Salesforce by 31.5% in the first quarter. ARS Investment Partners LLC now owns 78,055 shares of the CRM provider’s stock worth $14,571,000 after buying an additional 18,710 shares during the period. RFG Holdings Inc. grew its holdings in shares of Salesforce by 2.1% during the 1st quarter. RFG Holdings Inc. now owns 6,058 shares of the CRM provider’s stock worth $1,131,000 after acquiring an additional 123 shares during the period. Baron Wealth Management LLC grew its holdings in shares of Salesforce by 4.7% during the 1st quarter. Baron Wealth Management LLC now owns 2,568 shares of the CRM provider’s stock worth $479,000 after acquiring an additional 115 shares during the period. Nations Financial Group Inc. IA ADV raised its position in shares of Salesforce by 4.0% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 11,058 shares of the CRM provider’s stock worth $2,064,000 after acquiring an additional 428 shares in the last quarter. Finally, Purpose Unlimited Inc. purchased a new position in shares of Salesforce in the 4th quarter valued at approximately $285,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on CRM. Royal Bank Of Canada restated a “neutral” rating on shares of Salesforce in a research report on Thursday, June 4th. HC Wainwright downgraded Salesforce to a “negative” rating in a report on Thursday. 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 objective for the company. Northland Securities dropped their target price on shares of Salesforce from $267.00 to $229.00 and set a “market perform” rating on the stock in a report on Tuesday, March 10th. Finally, Barclays raised shares of Salesforce from an “overweight” rating to an “overweight” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $257.61.

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?

Salesforce Stock Performance

Shares of Salesforce stock opened at $151.67 on Friday. Salesforce Inc. has a 1 year low of $149.80 and a 1 year high of $276.80. The firm’s 50-day moving average is $177.42 and its 200 day moving average is $204.35. The stock has a market cap of $124.22 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 0.94 and a beta of 1.16. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates of $3.13 by $0.75. The business had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. Salesforce’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business earned $2.58 EPS. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Sell-side analysts anticipate that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce Announces Dividend

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

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

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.