Salesforce Inc. $CRM Shares Sold by Profund Advisors LLC

Profund Advisors LLC trimmed its holdings in Salesforce Inc. (NYSE:CRM) by 16.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 33,277 shares of the CRM provider’s stock after selling 6,764 shares during the period. Profund Advisors LLC’s holdings in Salesforce were worth $8,815,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the business. Aspire Growth Partners LLC lifted its stake in Salesforce by 1.2% in the 3rd quarter. Aspire Growth Partners LLC now owns 3,355 shares of the CRM provider’s stock valued at $795,000 after buying an additional 39 shares in the last quarter. Byrne Asset Management LLC raised its holdings in shares of Salesforce by 1.0% in the fourth quarter. Byrne Asset Management LLC now owns 4,331 shares of the CRM provider’s stock worth $1,147,000 after acquiring an additional 43 shares during the last quarter. Mathes Company Inc. boosted its stake in shares of Salesforce by 0.4% during the third quarter. Mathes Company Inc. now owns 12,558 shares of the CRM provider’s stock valued at $2,976,000 after acquiring an additional 45 shares during the last quarter. Fred Alger Management LLC increased its position in Salesforce by 0.3% during the 3rd quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock worth $3,548,000 after purchasing an additional 45 shares in the last quarter. Finally, Beacon Capital Management LLC lifted its holdings in Salesforce by 3.5% in the 3rd quarter. Beacon Capital Management LLC now owns 1,372 shares of the CRM provider’s stock valued at $325,000 after purchasing an additional 46 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Salesforce news, Director Laura Alber bought 2,571 shares of Salesforce stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average price of $194.58 per share, for a total transaction of $500,265.18. Following the acquisition, the director owned 9,530 shares of the company’s stock, valued at $1,854,347.40. The trade was a 36.94% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David Blair Kirk purchased 2,570 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were acquired at an average cost of $194.62 per share, with a total value of $500,173.40. Following the completion of the transaction, the director owned 13,689 shares in the company, valued at $2,664,153.18. This trade represents a 23.11% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 3.50% of the company’s stock.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Negative Sentiment: Bank of America initiated coverage on Salesforce with an Underperform rating and a $160 price target, implying downside from current levels. The call raised concerns that the company’s AI narrative may be losing momentum and appears to be the most stock-moving headline for CRM today. Benzinga report on Bank of America coverage
• Negative Sentiment: Another market note highlighted Salesforce among software laggards that have been hit by broad sector selling, reinforcing the idea that investors remain cautious on the stock despite AI-related growth potential. Zacks commentary
• Neutral Sentiment: A separate analysis argued that Salesforce may still be attractive versus Oracle because of its steadier growth profile and cheaper valuation, offering a counterpoint to the bearish broker view. Zacks comparison article
• Neutral Sentiment: Salesforce CEO Marc Benioff also continued promoting the company’s AI efforts, saying Slack AI can surface employee concerns and decisions, which supports the long-term AI story but is not an immediate catalyst. Business Insider article
• Positive Sentiment: Salesforce also received a bullish longer-term mention as one of several AI-powered software laggards that could offer short-term upside, suggesting some investors still see value after the selloff. Zacks AI-powered laggards article

Salesforce Price Performance

CRM stock opened at $179.39 on Tuesday. The company has a market cap of $146.78 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 1.20 and a beta of 1.14. 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 stock has a 50-day moving average price of $183.73 and a two-hundred day moving average price of $214.85. Salesforce Inc. has a 12-month low of $163.52 and a 12-month high of $289.90.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, February 25th. The CRM provider reported $3.81 EPS for the quarter, topping analysts’ consensus estimates of $3.05 by $0.76. The company had revenue of $11.20 billion for the quarter, compared to the consensus estimate of $11.18 billion. Salesforce had a return on equity of 15.38% and a net margin of 17.96%.The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business posted $2.78 EPS. 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, research analysts predict that Salesforce Inc. will post 9.71 EPS for the current year.

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

Salesforce Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Thursday, April 9th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. This is a positive change from Salesforce’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, April 9th. Salesforce’s dividend payout ratio is presently 22.54%.

Wall Street Analysts Forecast Growth

CRM has been the subject of a number of analyst reports. Jefferies Financial Group cut their price objective on shares of Salesforce from $375.00 to $250.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Wall Street Zen lowered Salesforce from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Barclays decreased their price objective on Salesforce from $265.00 to $252.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Northland Securities dropped their target price on Salesforce from $267.00 to $229.00 and set a “market perform” rating for the company in a research note on Tuesday, March 10th. Finally, Morgan Stanley reduced their target price on Salesforce from $398.00 to $287.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $274.56.

Salesforce Company 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.