Midwest Professional Planners LTD. Trims Stake in Salesforce Inc. $CRM

Midwest Professional Planners LTD. cut its position in shares of Salesforce Inc. (NYSE:CRM) by 68.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,950 shares of the CRM provider’s stock after selling 6,390 shares during the period. Midwest Professional Planners LTD.’s holdings in Salesforce were worth $462,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth Retirement Investments LLC bought a new stake in shares of Salesforce in the fourth quarter valued at about $25,000. Manning & Napier Advisors LLC purchased a new stake in Salesforce in the second quarter worth about $26,000. Gilpin Wealth Management LLC bought a new position in Salesforce during the 4th quarter worth about $26,000. Persistent Asset Partners Ltd purchased a new position in Salesforce during the 2nd quarter valued at about $27,000. Finally, Costello Asset Management INC raised its holdings in shares of Salesforce by 410.3% in the 1st 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 in the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Stock Up 0.2%

Salesforce stock opened at $258.00 on Wednesday. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $269.11. The business has a fifty day moving average price of $185.49 and a 200-day moving average price of $183.44. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $212.33 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 1.19 and a beta of 1.20.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CRM shares. CLSA started coverage on shares of Salesforce in a research report on Monday, July 20th. They issued a “hold” rating and a $165.00 price target for the company. Wedbush started coverage on shares of Salesforce in a research note on Wednesday, July 1st. They issued an “outperform” rating for the company. Daiwa Securities Group dropped their target price on Salesforce from $295.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, June 2nd. Weiss Ratings upgraded Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Finally, Erste Group Bank upgraded Salesforce from a “hold” rating to a “buy” rating in a research note on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $262.12.

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

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.