TAM Capital Management Inc. Acquires New Position in Salesforce Inc. $CRM

TAM Capital Management Inc. bought a new position in shares of Salesforce Inc. (NYSE:CRM) during the 1st quarter, HoldingsChannel.com reports. The fund bought 219,345 shares of the CRM provider’s stock, valued at approximately $40,945,000. Salesforce makes up 20.0% of TAM Capital Management Inc.’s investment portfolio, making the stock its 2nd largest position.

Other hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in Salesforce by 22.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 11,249 shares of the CRM provider’s stock valued at $2,100,000 after buying an additional 2,056 shares during the period. Empire Financial Management Company LLC acquired a new stake in shares of Salesforce in the first quarter valued at $4,447,000. Talon Private Wealth LLC acquired a new stake in shares of Salesforce in the first quarter valued at $795,000. Resources Management Corp CT ADV boosted its holdings in Salesforce by 13.4% in the first quarter. Resources Management Corp CT ADV now owns 13,904 shares of the CRM provider’s stock valued at $2,595,000 after purchasing an additional 1,639 shares during the period. Finally, Regal Partners Ltd grew its stake in Salesforce by 2.5% during the 1st quarter. Regal Partners Ltd now owns 27,995 shares of the CRM provider’s stock worth $5,226,000 after purchasing an additional 681 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Price Performance

Shares of NYSE CRM opened at $181.42 on Wednesday. The stock has a market cap of $148.58 billion, a P/E ratio of 21.00, a P/E/G ratio of 0.94 and a beta of 1.18. Salesforce Inc. has a twelve month low of $146.32 and a twelve month high of $274.00. The stock has a 50 day moving average of $170.00 and a two-hundred day moving average of $186.08. 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 announced its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.13 by $0.75. The business 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 revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last 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 forecast that Salesforce Inc. will post 10.29 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were paid a $0.44 dividend. The ex-dividend date was Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. Salesforce’s payout ratio is currently 20.37%.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: A three-year U.S. Department of Veterans Affairs agreement with a potential value of $1.6 billion is strengthening Salesforce’s government-cloud narrative. The contract expands use of Missionforce, Agentforce, Slack, MuleSoft, Tableau and Data 360 across the VA’s nationwide network, highlighting demand for Salesforce’s AI agents and unified data platform. Will Salesforce’s (CRM) US$1.6 Billion VA AI Deal Redefine Its Government-Cloud Narrative?
• Positive Sentiment: Salesforce was among the enterprise-software leaders in a broad rebound, with investors rotating toward companies positioned to benefit from AI adoption. The sector rally helped lift sentiment after a period of heavy selling. Salesforce Surges 7%, ServiceNow Jumps 8%, Workday Jumps 10% as Software Rebounds on AI Rotation
• Positive Sentiment: Commentary on Salesforce’s earnings move points to continued investor interest following its latest quarterly results, when the company exceeded consensus expectations for both earnings and revenue. The beat supports the view that cost discipline and AI-related products can drive growth. Why Did Salesforce Lead Index Gainers After Its Earnings Move?
• Neutral Sentiment: Night View Capital describes AI as a transformative, economy-wide technology and cites Salesforce as an important platform for corporate AI deployment. The discussion is supportive of the long-term thesis but does not represent a new contract or change to financial guidance. Salesforce’s Impact on AI Deployment in Corporate Environments
• Neutral Sentiment: Analysts maintain a consensus “Moderate Buy” view, while investors weigh Salesforce against other beaten-down Dow companies as a potential dip-buying opportunity. Salesforce Receives Consensus Rating of Moderate Buy
• Negative Sentiment: Despite the rebound, Salesforce remains well below its 52-week high, reflecting lingering concerns about software-sector valuations, competition and the pace at which AI investments translate into recurring revenue. Disney or Salesforce: Which Beaten-Down Dow Giant Is the Smarter Dip-Buy?

Analysts Set New Price Targets

Several equities research analysts have weighed in on CRM shares. BMO Capital Markets cut their price target on Salesforce from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Thursday, May 28th. Sanford C. Bernstein lowered their price objective on Salesforce from $194.00 to $173.00 and set an “underperform” rating for the company in a research report on Thursday, May 28th. Truist Financial downgraded Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Wells Fargo & Company cut their target price on shares of Salesforce from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 28th. Finally, Phillip Securities cut shares of Salesforce from a “buy” rating to a “hold” rating and reduced their target price for the company from $253.00 to $166.00 in a report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $249.51.

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.