Independence Bank of Kentucky Sells 3,597 Shares of Salesforce Inc. $CRM

Independence Bank of Kentucky lowered its holdings in shares of Salesforce Inc. (NYSE:CRM) by 31.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,956 shares of the CRM provider’s stock after selling 3,597 shares during the quarter. Independence Bank of Kentucky’s holdings in Salesforce were worth $1,246,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Temasek Holdings Private Ltd lifted its position in Salesforce by 3.7% during the fourth quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock valued at $181,143,000 after purchasing an additional 24,332 shares during the last quarter. SFE Investment Counsel increased its holdings in shares of Salesforce by 82.7% in the 4th quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider’s stock worth $4,608,000 after buying an additional 7,871 shares during the last quarter. Fluent Financial LLC purchased a new stake in shares of Salesforce during the 2nd quarter valued at about $2,265,000. Secured Retirement Advisors LLC bought a new position in shares of Salesforce in the 1st quarter valued at about $1,004,000. Finally, Janus Henderson Group PLC grew its position in Salesforce by 2.5% in the first quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock worth $23,846,000 after acquiring an additional 3,125 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: AI adoption is becoming a revenue driver. Agentforce annual recurring revenue surpassed $1.5 billion, rising 240% year over year, while Salesforce introduced “Claudeforce,” an integration of Anthropic’s Claude with Salesforce customer data. The partnership supports the company’s argument that AI will expand, rather than replace, its platform. Salesforce Bets Its Next Chapter on an Unlikely AI Marriage
• Positive Sentiment: Analysts remain bullish. TD Cowen reiterated a Buy rating and raised its price target to $300 from $280. Argus also lifted its target to $300 and maintained a Buy rating, reinforcing expectations for additional upside after CRM’s recent rally. What’s Going On With Salesforce Stock?
• Positive Sentiment: Enterprise demand remains resilient. Quarterly revenue increased approximately 11% year over year, future contracted revenue accelerated and customer churn approached record lows. Salesforce also raised its fiscal-year guidance, helping validate the post-earnings rally. Salesforce Looks Overbought, But the Rally May Be Far From Over
• Positive Sentiment: The AI ecosystem is broadening. Salesforce led an investment in workforce-data platform HiBob, while Sinch added a Mailgun Inspect email tool to AgentExchange. These moves expand potential AI applications in human resources, marketing and customer workflows. Salesforce Backs Workforce AI and Adds New AgentExchange Email Tool
• Neutral Sentiment: Northland Securities raised its fiscal 2027 EPS estimate to $12.75 from $11.35, close to the $12.77 consensus, but reduced estimates for the third and fourth quarters. This suggests stronger full-year expectations may already reflect much of the near-term improvement.
• Negative Sentiment: Technical risk has increased. CRM’s RSI is above 80 after a sharp recovery from its August lows, indicating overbought conditions and the possibility of profit-taking or a near-term pullback even if the long-term AI thesis remains intact. Salesforce Looks Overbought, But the Rally May Be Far From Over

Salesforce Trading Up 0.2%

CRM opened at $258.00 on Wednesday. The stock has a market cap of $212.33 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 1.19 and a beta of 1.20. The stock’s 50 day moving average price is $185.49 and its 200-day moving average price is $183.44. Salesforce Inc. has a one year low of $146.32 and a one year high of $269.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The firm had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.33 billion. During the same period last year, the company earned $2.91 EPS. Salesforce’s quarterly revenue was up 10.8% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. On average, equities analysts forecast that Salesforce Inc. will post 12.64 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CRM shares. Wells Fargo & Company boosted their price objective on Salesforce from $205.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 27th. Daiwa Securities Group lowered their price objective on Salesforce from $295.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 2nd. Citigroup lifted their target price on Salesforce from $204.00 to $233.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. Phillip Securities lowered Salesforce from a “buy” rating to a “hold” rating and decreased their price target for the company from $253.00 to $166.00 in a report on Monday, June 29th. Finally, HC Wainwright downgraded Salesforce to a “negative” rating in a research report on Thursday, June 18th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and an average price target of $262.12.

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.