5,653 Shares in Salesforce Inc. $CRM Purchased by Asset One Wealth Management LLC

Key Points

• Asset One Wealth Management acquired 5,653 Salesforce shares worth approximately $944,000 during the second quarter. Institutional investors and hedge funds collectively own 80.43% of Salesforce’s stock.
• Salesforce has a consensus “Moderate Buy” rating and an average analyst price target of $249.87, despite several recent downgrades. The stock opened at $209.20, with a 52-week range of $146.32 to $269.11.
• Salesforce’s latest quarterly results exceeded expectations, with EPS of $3.88 and revenue of $11.13 billion, up 13.3% year over year. The company also declared a quarterly dividend of $0.44 per share, equivalent to an annualized yield of 0.8%.

Asset One Wealth Management LLC acquired a new stake in Salesforce Inc. (NYSE:CRM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,653 shares of the CRM provider's stock, valued at approximately $944,000.

Other large investors also recently bought and sold shares of the company. Fred Alger Management LLC increased its position 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 last quarter. Synergy Financial Group LTD lifted its holdings in shares of Salesforce by 2.4% in the 3rd quarter. Synergy Financial Group LTD now owns 2,035 shares of the CRM provider's stock worth $482,000 after acquiring an additional 48 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Salesforce by 35.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 199 shares of the CRM provider's stock worth $53,000 after acquiring an additional 52 shares during the last quarter. Krane Funds Advisors LLC lifted its holdings in shares of Salesforce by 0.7% in the 4th quarter. Krane Funds Advisors LLC now owns 8,254 shares of the CRM provider's stock worth $2,187,000 after acquiring an additional 57 shares during the last quarter. Finally, HBW Advisory Services LLC boosted its position in shares of Salesforce by 0.4% during the 1st quarter. HBW Advisory Services LLC now owns 13,098 shares of the CRM provider's stock worth $2,445,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 80.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CRM shares. Piper Sandler downgraded shares of Salesforce from an "overweight" rating to a "neutral" rating in a report on Thursday, May 28th. Wolfe Research cut Salesforce from an "outperform" rating to a "hold" rating in a research note on Wednesday, July 1st. Sanford C. Bernstein lowered their price target on Salesforce from $194.00 to $173.00 and set an "underperform" rating for the company in a research report on Thursday, May 28th. Oppenheimer reaffirmed an "outperform" rating on shares of Salesforce in a research note on Thursday. Finally, Wall Street Zen downgraded Salesforce from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce presently has a consensus rating of "Moderate Buy" and a consensus target price of $249.87.

Salesforce Stock Performance

NYSE:CRM opened at $209.20 on Monday. Salesforce Inc. has a 52 week low of $146.32 and a 52 week high of $269.11. The company has a fifty day simple moving average of $174.33 and a two-hundred day simple moving average of $181.35. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. The company has a market cap of $171.33 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 1.13 and a beta of 1.16.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.13 by $0.75. The business had revenue of $11.13 billion for the quarter, compared to analysts' expectations of $11.05 billion. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The company's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last 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 anticipate that Salesforce Inc. will post 10.27 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were given 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 yield of 0.8%. Salesforce's dividend payout ratio (DPR) is currently 20.37%.

Salesforce News Roundup

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Favorable earnings setup: Oppenheimer and other analysts see potential upside from Salesforce’s upcoming results, while market expectations point to a possible post-earnings move toward the stock’s highest level since January. Salesforce Faces Favorable Second-Quarter Setup With Upside Potential How Much Salesforce Stock Is Expected to Move After Earnings
• Positive Sentiment: Analyst support: Guggenheim reaffirmed a Buy rating with a $228 price target, while Cantor Fitzgerald maintained an Overweight rating and set a $250 target. The calls reflect confidence that Salesforce can capture demand for next-generation AI-powered, “agentic” enterprise workflows. Cantor Fitzgerald Salesforce Analyst Comment
• Positive Sentiment: Growth and capital returns: Zacks characterizes Salesforce as a strong growth stock, while a report highlights a record $27 billion quarterly share repurchase program. Buybacks could support earnings per share and signal that management views the shares as undervalued. Why Salesforce Is a Strong Growth Stock Salesforce Record Stock Buybacks
• Neutral Sentiment: Results are the next catalyst: Analysts are focused on revenue, EPS, and operating metrics for the quarter ended July 2026. Salesforce previously reported $11.13 billion of quarterly revenue, up 13.3% year over year, and EPS of $3.88, above consensus. Salesforce Q2 Earnings Estimates
• Neutral Sentiment: AI platform positioning: Coverage comparing Salesforce with ServiceNow suggests investors are rotating toward enterprise application software as AI investment broadens beyond hardware. Salesforce’s Headless 360 strategy and the Agiloft integration on AgentExchange offer additional evidence of ecosystem expansion. Salesforce Versus ServiceNow
• Negative Sentiment: Risks remain: The buybacks were funded partly with $25 billion of new debt, increasing leverage and interest obligations. Separate commentary questions whether Salesforce could become a value trap if growth slows or AI monetization disappoints. Salesforce Value Trap Analysis

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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