Odyssean LLC Acquires New Shares in Salesforce Inc. $CRM

Odyssean LLC acquired a new position in Salesforce Inc. (NYSE:CRM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 17,920 shares of the CRM provider’s stock, valued at approximately $2,807,000.

A number of other hedge funds have also bought and sold shares of CRM. Commonwealth Retirement Investments LLC purchased a new stake in shares of Salesforce during the 4th quarter valued at about $25,000. Manning & Napier Advisors LLC bought a new stake in shares of Salesforce in the second quarter worth approximately $26,000. Gilpin Wealth Management LLC purchased a new position in shares of Salesforce during the fourth quarter valued at approximately $26,000. Persistent Asset Partners Ltd purchased a new position in shares of Salesforce during the second quarter valued at approximately $27,000. Finally, Costello Asset Management INC lifted its position in Salesforce by 410.3% during the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 119 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Analysts continue to see upside: Canaccord Genuity reaffirmed a “buy” rating with a $225 price target, Citizens JMP maintained “market outperform” with a $315 target, and BTIG reiterated “buy” with a $255 target. These targets imply that the recent pullback has created potential valuation upside. Analyst rating updates
• Positive Sentiment: Agentforce adoption and Salesforce’s expanding AI ecosystem are expected to support subscription growth. New integrations from ZoomInfo and Agiloft on the AgentExchange marketplace also suggest that third-party developers are increasingly using Salesforce and Slack AI workflows, strengthening the company’s platform moat. CRM Q2 earnings preview AgentExchange ecosystem
• Neutral Sentiment: Jefferies expects an in-line fiscal second quarter. Its survey of 20 Salesforce partners was moderately encouraging, with 70% reporting results at or above plan, but investors are likely to focus more heavily on management’s second-half growth outlook and Agentforce monetization. Jefferies Salesforce outlook
• Negative Sentiment: The earnings setup leaves little room for disappointment: Salesforce is expected to post roughly 10.6% revenue growth, while analysts want evidence that slower sales growth is reaccelerating. The stock is also testing technical resistance near $210, and broader caution toward technology shares may be limiting buying ahead of the report.

Salesforce Stock Down 1.6%

Shares of CRM stock opened at $205.74 on Wednesday. Salesforce Inc. has a 12 month low of $146.32 and a 12 month high of $269.11. The stock has a market cap of $168.50 billion, a P/E ratio of 23.81, a P/E/G ratio of 1.13 and a beta of 1.16. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15. The company has a 50 day simple moving average of $176.11 and a two-hundred day simple moving average of $181.49.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.75. The business had revenue of $11.13 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm earned $2.58 earnings per share. On average, research analysts expect that Salesforce Inc. will post 10.27 earnings per share for the current 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 paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, June 11th. Salesforce’s dividend payout ratio is 20.37%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Truist Financial downgraded shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Monness Crespi & Hardt increased their price target on Salesforce from $200.00 to $222.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Cantor Fitzgerald restated an “overweight” rating and issued a $250.00 price target on shares of Salesforce in a research note on Thursday, August 20th. B. Riley Financial lifted their price objective on Salesforce from $205.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Deutsche Bank Aktiengesellschaft set a $315.00 price objective on Salesforce in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Salesforce has an average rating of “Moderate Buy” and a consensus target price of $248.72.

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.