3,214 Shares in Salesforce Inc. $CRM Bought by Abbot Financial Management Inc.

Key Points

• Abbot Financial Management bought 3,214 Salesforce shares in the second quarter, valued at approximately $504,000. Institutional investors and hedge funds collectively own 80.43% of Salesforce.
• Analyst sentiment remains broadly positive, with Salesforce carrying a “Moderate Buy” consensus rating and an average price target of $249.05, despite some recent downgrades and concerns about AI-driven competition.
• Salesforce reported quarterly revenue of $11.13 billion, up 13.3% year over year, and earnings of $3.88 per share—well above expectations. The company also declared a quarterly dividend of $0.44 per share.

Abbot Financial Management Inc. purchased a new stake in Salesforce Inc. (NYSE:CRM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,214 shares of the CRM provider's stock, valued at approximately $504,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Temasek Holdings Private Ltd grew its holdings in shares of Salesforce by 3.7% during the 4th quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider's stock worth $181,143,000 after purchasing an additional 24,332 shares in the last quarter. SFE Investment Counsel raised its stake in shares of Salesforce by 82.7% in the fourth quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider's stock valued at $4,608,000 after purchasing an additional 7,871 shares in the last quarter. Fluent Financial LLC bought a new position in Salesforce in the second quarter worth $2,265,000. Secured Retirement Advisors LLC bought a new position in Salesforce in the first quarter worth $1,004,000. Finally, Janus Henderson Group PLC boosted its stake in Salesforce by 2.5% during the first quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider's stock worth $23,846,000 after buying an additional 3,125 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: JPMorgan resumed coverage with an Overweight rating and a $250 price target, citing potential acceleration in Salesforce’s core business during the second half of the year. The target implies more than 24% upside from recent levels. JPMorgan bullish Salesforce coverage
• Positive Sentiment: Monness Crespi & Hardt raised its Salesforce price target to $222 from $200 and maintained a Buy rating. UBS and Wells Fargo also reportedly forecast strong appreciation, reinforcing improving sell-side sentiment. Monness Crespi Salesforce price target
• Positive Sentiment: Salesforce’s Agentforce platform is gaining traction, giving the company a way to use its large CRM customer base to compete with Microsoft and Oracle in enterprise “agentic” AI. Salesforce agentic AI analysis
• Positive Sentiment: A Seeking Alpha analysis argues that Salesforce’s $27.1 billion share-repurchase program, equivalent to an estimated 23% net buyback yield, could support earnings-per-share growth. The stock also appears inexpensive at roughly 14 times forward earnings, although buybacks have increased debt. Salesforce buyback analysis
• Neutral Sentiment: Salesforce has recently posted strong momentum, with reports noting three consecutive weeks of gains and substantial one-month appreciation. That run may be encouraging investors, but it also raises the possibility of profit-taking.
• Negative Sentiment: Parnassus Investments indicated that Salesforce has lost favor as AI opportunities shift toward competing or substitute technologies. Other commentary likewise warns that alternative software and AI-native tools threaten Salesforce’s traditional CRM franchise. Salesforce AI competition concerns

Analyst Upgrades and Downgrades

CRM has been the subject of a number of recent research reports. Cantor Fitzgerald restated an "overweight" rating and issued a $250.00 price objective on shares of Salesforce in a research note on Thursday, May 28th. HSBC lifted their target price on shares of Salesforce from $350.00 to $356.00 and gave the company a "buy" rating in a research report on Friday, May 29th. Wolfe Research cut shares of Salesforce from an "outperform" rating to a "hold" rating in a research note on Wednesday, July 1st. Daiwa Securities Group dropped their price target on shares of Salesforce from $295.00 to $280.00 and set a "buy" rating for the company in a research report on Tuesday, June 2nd. Finally, Wells Fargo & Company raised their price target on shares of Salesforce from $200.00 to $205.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Salesforce has a consensus rating of "Moderate Buy" and a consensus target price of $249.05.

Salesforce Trading Down 0.2%

CRM stock opened at $195.86 on Monday. The business has a fifty day moving average price of $171.41 and a 200 day moving average price of $181.95. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The stock has a market capitalization of $160.41 billion, a price-to-earnings ratio of 22.67, a P/E/G ratio of 1.06 and a beta of 1.16.

Salesforce (NYSE:CRM - Get Free Report) last announced its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping the consensus estimate of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The company had revenue of $11.13 billion for the quarter, compared to analysts' expectations of $11.05 billion. During the same quarter in the prior year, the business earned $2.58 earnings per share. The business's revenue for the quarter was up 13.3% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Analysts expect that Salesforce Inc. will post 10.27 EPS for the current fiscal year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 11th were issued a $0.44 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.9%. Salesforce's dividend payout ratio (DPR) is currently 20.37%.

Salesforce 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.

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