4,363 Shares in Salesforce Inc. $CRM Purchased by BIP Wealth LLC

Key Points

• BIP Wealth LLC purchased 4,363 Salesforce shares worth approximately $684,000 in the second quarter. Institutional investors and hedge funds collectively own 80.43% of Salesforce stock.
• Analyst sentiment remains generally positive, with Salesforce holding a “Moderate Buy” consensus rating and an average price target of $249.05, though some firms downgraded the shares amid concerns about AI competition.
• Salesforce reported quarterly EPS of $3.88, beating estimates of $3.13, while revenue rose 13.3% year over year to $11.13 billion. The company also declared a quarterly dividend of $0.44 per share.

BIP Wealth LLC bought a new stake in Salesforce Inc. (NYSE:CRM - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,363 shares of the CRM provider's stock, valued at approximately $684,000.

Several other large investors have also recently bought and sold shares of the stock. Fred Alger Management LLC increased its stake in shares of Salesforce by 0.3% during the third quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider's stock valued at $3,548,000 after acquiring an additional 45 shares during the period. Richards Merrill & Peterson Inc. boosted its stake in Salesforce by 1.1% during the 4th quarter. Richards Merrill & Peterson Inc. now owns 4,239 shares of the CRM provider's stock valued at $1,123,000 after purchasing an additional 46 shares in the last quarter. Wright Investors Service Inc. increased its position in shares of Salesforce by 0.8% during the 4th quarter. Wright Investors Service Inc. now owns 6,186 shares of the CRM provider's stock valued at $1,639,000 after purchasing an additional 47 shares during the period. Mowery & Schoenfeld Wealth Management LLC raised its stake in shares of Salesforce by 6.9% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 745 shares of the CRM provider's stock worth $197,000 after buying an additional 48 shares in the last quarter. Finally, Synergy Financial Group LTD lifted its holdings in shares of Salesforce by 2.4% in the third quarter. Synergy Financial Group LTD now owns 2,035 shares of the CRM provider's stock valued at $482,000 after buying an additional 48 shares during the period. Institutional investors and hedge funds own 80.43% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CRM. Barclays upgraded shares of Salesforce from an "overweight" rating to an "overweight" rating in a research report on Thursday, June 18th. The Goldman Sachs Group initiated coverage on shares of Salesforce in a research note on Thursday, June 18th. They set a "neutral" rating for the company. KeyCorp cut shares of Salesforce from an "overweight" rating to a "sector weight" rating in a report on Wednesday, July 8th. Wolfe Research lowered shares of Salesforce from an "outperform" rating to a "hold" rating in a research report on Wednesday, July 1st. Finally, HC Wainwright cut Salesforce to a "negative" rating in a report on Thursday, June 18th. Two equities research 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 assigned a Sell rating to the company's stock. According to MarketBeat, Salesforce presently has an average rating of "Moderate Buy" and an average target price of $249.05.

Salesforce News Roundup

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

Salesforce Stock Down 2.7%

Salesforce stock opened at $195.86 on Friday. The firm has a market cap of $160.41 billion, a PE ratio of 22.67, a P/E/G ratio of 1.09 and a beta of 1.16. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. The firm's 50 day moving average price is $171.41 and its two-hundred day moving average price is $182.28. Salesforce Inc. has a twelve month low of $146.32 and a twelve month high of $269.11.

Salesforce (NYSE:CRM - Get Free Report) last issued its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.13 by $0.75. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The company had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.05 billion. During the same quarter last year, the business posted $2.58 EPS. The company'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. On average, research analysts predict that Salesforce Inc. will post 10.27 EPS for the current fiscal year.

Salesforce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were paid a dividend of $0.44 per share. 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 20.37%.

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.

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