Banque Transatlantique SA Sells 5,813 Shares of Salesforce Inc. $CRM

Banque Transatlantique SA cut its holdings in Salesforce Inc. (NYSE:CRM) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,398 shares of the CRM provider’s stock after selling 5,813 shares during the quarter. Banque Transatlantique SA’s holdings in Salesforce were worth $15,649,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Commonwealth Retirement Investments LLC bought a new position in shares of Salesforce during the fourth quarter valued at approximately $25,000. Board of the Pension Protection Fund bought a new position in Salesforce in the fourth quarter worth approximately $26,000. Key Capital Management INC bought a new position in Salesforce in the fourth quarter worth approximately $26,000. Gilpin Wealth Management LLC purchased a new stake in Salesforce during the fourth quarter worth $26,000. Finally, Legacy Bridge LLC purchased a new stake in Salesforce during the fourth quarter worth $27,000. 80.43% of the stock is currently owned by institutional investors.

Salesforce Price Performance

Shares of NYSE CRM opened at $151.67 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $124.22 billion, a PE ratio of 17.55, a P/E/G ratio of 0.97 and a beta of 1.16. The business has a 50-day simple moving average of $177.91 and a two-hundred day simple moving average of $204.72. Salesforce Inc. has a fifty-two week low of $149.80 and a fifty-two week high of $276.80.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The business 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 firm earned $2.58 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. As a group, equities analysts expect that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce announced that its Board of Directors has authorized a share repurchase plan on Monday, March 16th that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the CRM provider to purchase up to 14.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. Salesforce’s dividend payout ratio is presently 20.37%.

Key Headlines Impacting Salesforce

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, citing valuation appeal and potential AI-driven upside. Read More
• Positive Sentiment: Truist reiterated confidence in Salesforce after its $3.6 billion Fin acquisition, viewing the deal as another step in expanding its AI automation and customer-agent capabilities. Article Title
• Positive Sentiment: Multiple articles highlighted Salesforce as a long-term growth stock, with analysts pointing to its AI platform, Agentforce, and ongoing product expansion as reasons for optimism. Article Title
• Neutral Sentiment: Salesforce’s latest AI and acquisition story continues to attract attention, including coverage of the Fin deal and a new partnership announcement, which could support the long-term growth narrative if execution remains strong. Article Title
• Negative Sentiment: Other commentary remained cautious, with UBS keeping a neutral rating and some analysts cutting fair value estimates amid questions about AI monetization, unit economics, and growth reacceleration. Article Title
• Negative Sentiment: A comparison piece against Oracle underscored that Salesforce’s recent earnings and outlook have not been viewed as strongly as some peers, reinforcing investor concern about near-term performance versus other software names. Article Title

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CRM shares. Wall Street Zen upgraded Salesforce from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Jefferies Financial Group restated a “buy” rating on shares of Salesforce in a research note on Monday. The Goldman Sachs Group started coverage on Salesforce in a research report on Thursday. They set a “neutral” rating on the stock. Needham & Company LLC reiterated a “buy” rating on shares of Salesforce in a research note on Tuesday. Finally, Oppenheimer reduced their target price on shares of Salesforce from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and an average target price of $257.61.

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.