5,536 Shares in Salesforce Inc. $CRM Acquired by PeakShares LLC

Key Points

• PeakShares LLC opened a new position in Salesforce, buying 5,536 shares valued at about $1.47 million. Salesforce now accounts for 1.4% of PeakShares’ portfolio and ranks as its 14th-largest holding.
• Salesforce reported better-than-expected quarterly results, with EPS of $3.88 versus estimates of $3.13 and revenue of $11.13 billion slightly ahead of forecasts. Revenue rose 13.3% year over year, and the company also issued FY2027 guidance.
• The company has a $25 billion share repurchase program in place and recently announced a $0.44 quarterly dividend, while analysts remain broadly constructive with a consensus Moderate Buy rating and an average target price of $257.61.

PeakShares LLC acquired a new stake in Salesforce Inc. (NYSE:CRM - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 5,536 shares of the CRM provider's stock, valued at approximately $1,467,000. Salesforce makes up 1.4% of PeakShares LLC's holdings, making the stock its 14th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRM. Byrne Asset Management LLC boosted its holdings in shares of Salesforce by 1.0% in the fourth quarter. Byrne Asset Management LLC now owns 4,331 shares of the CRM provider's stock worth $1,147,000 after acquiring an additional 43 shares during the period. Mathes Company Inc. raised its stake in shares of Salesforce by 0.4% during the 3rd quarter. Mathes Company Inc. now owns 12,558 shares of the CRM provider's stock valued at $2,976,000 after purchasing an additional 45 shares during the period. Fred Alger Management LLC raised its stake in shares of Salesforce by 0.3% during the 3rd quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider's stock valued at $3,548,000 after purchasing an additional 45 shares during the period. Fulcrum Asset Management LLP lifted its holdings in Salesforce by 1.7% during the 3rd quarter. Fulcrum Asset Management LLP now owns 2,774 shares of the CRM provider's stock worth $657,000 after purchasing an additional 46 shares in the last quarter. Finally, Pine Haven Investment Counsel Inc lifted its holdings in Salesforce by 1.5% during the 4th quarter. Pine Haven Investment Counsel Inc now owns 3,152 shares of the CRM provider's stock worth $835,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 80.43% of the company's stock.

Salesforce Stock Performance

NYSE:CRM opened at $151.67 on Friday. The business's 50-day moving average price is $177.42 and its two-hundred day moving average price is $204.35. Salesforce Inc. has a twelve month low of $149.80 and a twelve month high of $276.80. The stock has a market cap of $124.22 billion, a P/E ratio of 17.55, a PEG ratio of 0.94 and a beta of 1.16. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping the consensus estimate of $3.13 by $0.75. The company had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.05 billion. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.Salesforce's revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.58 earnings per share. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. As a group, equities analysts predict that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce announced that its board has initiated a share repurchase program on Monday, March 16th that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the CRM provider to purchase up to 14.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 11th. Salesforce's payout ratio is currently 20.37%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CRM shares. BTIG Research reaffirmed a "buy" rating and set a $255.00 target price on shares of Salesforce in a report on Tuesday, May 26th. KeyCorp lowered their price target on shares of Salesforce from $300.00 to $290.00 and set an "overweight" rating on the stock in a report on Thursday, May 28th. Citizens Jmp restated a "market outperform" rating and issued a $315.00 price objective on shares of Salesforce in a research report on Thursday, May 28th. HSBC boosted their price objective on shares of Salesforce from $350.00 to $356.00 and gave the company a "buy" rating in a research note on Friday, May 29th. Finally, TD Cowen reaffirmed a "buy" rating on shares of Salesforce in a report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Salesforce presently has a consensus rating of "Moderate Buy" and a consensus target price of $257.61.

Salesforce News Roundup

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Monness Crespi & Hardt upgraded Salesforce to buy from neutral and set a $200 price target, signaling roughly 32% upside and citing valuation appeal plus AI-related gains. Monness upgrades Salesforce stock on valuation, AI gains; sees 31% upside
• Positive Sentiment: Truist reiterated confidence in Salesforce following its $3.6 billion acquisition of Fin, a move that could strengthen the company’s AI/customer-agent product lineup. Salesforce (CRM) Earns Vote of Confidence from Truist after $3.6 Billion Acquisition
• Positive Sentiment: Several recent articles highlighted Salesforce as a long-term growth name and an AI beneficiary, with bullish coverage around its Agentforce strategy and generative AI positioning. Why Salesforce (CRM) is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Comparison pieces versus Oracle and broad stock-picking articles suggest investors are weighing Salesforce’s slower recent performance against its AI growth narrative rather than reacting to a single new catalyst. Oracle vs. Salesforce: Which Tech Giant Is The Better Buy?
• Negative Sentiment: A recent commentary noted that Salesforce stock has fallen sharply this year, reflecting investor concern about execution, growth expectations, and the company’s discounted valuation versus past highs. Salesforce (CRM) Stock Plunges 41% This Year — A Buying Opportunity Emerges?

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.

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