Andra AP fonden Sells 92,632 Shares of Salesforce Inc. $CRM

Andra AP fonden lowered its stake in Salesforce Inc. (NYSE:CRM) by 96.5% during the first quarter, HoldingsChannel.com reports. The firm owned 3,400 shares of the CRM provider’s stock after selling 92,632 shares during the period. Andra AP fonden’s holdings in Salesforce were worth $635,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Commonwealth Retirement Investments LLC acquired a new position in Salesforce during the fourth quarter valued at approximately $25,000. Key Capital Management INC acquired a new position in shares of Salesforce in the 4th quarter valued at $26,000. Gilpin Wealth Management LLC acquired a new position in Salesforce in the fourth quarter valued at about $26,000. Legacy Bridge LLC bought a new stake in shares of Salesforce in the fourth quarter worth about $27,000. Finally, Texas Capital Bancshares Inc TX acquired a new stake in shares of Salesforce during the third quarter worth about $28,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce News Summary

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Navatar announced a Claude-native deal engine built on Salesforce Agentforce, highlighting continued enterprise demand for Salesforce’s platform and AI tools. Navatar Launches Claude-Native Deal Engine for Private Equity and M&A Advisory Firms on Salesforce CRM
• Neutral Sentiment: Salesforce received an “Equal Weight” rating from Morgan Stanley, reinforcing a cautious but not outright bearish stance from one major broker. Salesforce (NYSE:CRM) Earns “Equal Weight” Rating from Morgan Stanley
• Neutral Sentiment: Montaka Global Investments described Salesforce as having a compelling outlook, suggesting some long-term investors still see value in the company’s AI and platform strategy. Key Catalysts Behind Salesforce’s (CRM) Compelling Outlook
• Negative Sentiment: Morgan Stanley cut Salesforce’s price target by 35% and downgraded the stock to Equal Weight, signaling reduced upside expectations. Morgan Stanley Slashes Salesforce Price Target By 35%
• Negative Sentiment: Another report said CRM’s recent downgrade reflects a “balanced” risk/reward profile, with analysts seeing no major growth inflection in the near term. CRM Stock Snags Second Rating Downgrade This Month
• Negative Sentiment: Salesforce fell more than the broader market as the stock continued to trade under pressure from sentiment around software valuations and AI competition. Here’s Why Salesforce (CRM) Fell More Than Broader Market

Salesforce Price Performance

NYSE:CRM opened at $156.97 on Friday. The stock has a market capitalization of $128.56 billion, a PE ratio of 18.17, a P/E/G ratio of 0.88 and a beta of 1.18. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $274.00. The firm has a fifty day simple moving average of $170.28 and a 200 day simple moving average of $187.96. 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 posted its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $0.75. The firm had revenue of $11.13 billion for 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%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.58 earnings per share. 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 expect that Salesforce Inc. will post 10.28 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

Analysts Set New Price Targets

CRM has been the topic of several recent analyst reports. Barclays upgraded Salesforce from an “overweight” rating to an “overweight” rating in a report on Thursday, June 18th. Bank of America assumed coverage on shares of Salesforce in a research note on Monday, May 18th. They issued an “underperform” rating and a $160.00 target price for the company. TD Cowen reissued a “buy” rating on shares of Salesforce in a research note on Friday, June 12th. DA Davidson cut their price target on Salesforce from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Thursday, May 28th. Finally, Daiwa Securities Group reduced their price objective on Salesforce from $295.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $249.51.

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.