Allen Investment Management LLC Acquires 9,680 Shares of Salesforce Inc. $CRM

Key Points

• Allen Investment Management LLC boosted its Salesforce stake by 138.8% in the fourth quarter, buying 9,680 additional shares and bringing its total holding to 16,653 shares worth about $4.41 million.
• Wall Street remains cautiously positive on Salesforce, with a Moderate Buy consensus rating and an average price target of $257.97, even as several analysts trimmed their targets recently.
• Salesforce’s latest earnings beat expectations, reporting $3.88 EPS on $11.13 billion in revenue, while the company also announced a quarterly dividend and a $25 billion share buyback program.

Allen Investment Management LLC grew its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 138.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,653 shares of the CRM provider's stock after acquiring an additional 9,680 shares during the quarter. Allen Investment Management LLC's holdings in Salesforce were worth $4,412,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Fielder Capital Group LLC increased its stake in Salesforce by 32.3% in the 4th quarter. Fielder Capital Group LLC now owns 1,591 shares of the CRM provider's stock worth $421,000 after buying an additional 388 shares in the last quarter. Vantus Wealth LLC purchased a new position in shares of Salesforce during the fourth quarter valued at about $389,000. Root Financial Partners LLC grew its position in shares of Salesforce by 16.6% during the fourth quarter. Root Financial Partners LLC now owns 3,062 shares of the CRM provider's stock valued at $811,000 after purchasing an additional 437 shares in the last quarter. Old Peak Finance LLC purchased a new position in shares of Salesforce during the fourth quarter valued at about $272,000. Finally, One Capital Management LLC grew its position in shares of Salesforce by 5.3% during the fourth quarter. One Capital Management LLC now owns 71,551 shares of the CRM provider's stock valued at $18,955,000 after purchasing an additional 3,571 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CRM. KeyCorp cut their price objective on Salesforce from $300.00 to $290.00 and set an "overweight" rating for the company in a research report on Thursday. TD Cowen cut their price objective on Salesforce from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Thursday, May 28th. Mizuho cut their price objective on Salesforce from $280.00 to $265.00 and set an "outperform" rating for the company in a research report on Thursday, February 26th. Stifel Nicolaus cut their price objective on Salesforce from $300.00 to $250.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Salesforce in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $257.97.

Salesforce Price Performance

CRM stock opened at $209.33 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15. Salesforce Inc. has a 12 month low of $163.52 and a 12 month high of $276.80. The stock has a market cap of $171.44 billion, a PE ratio of 24.23, a P/E/G ratio of 1.27 and a beta of 1.16. The company has a 50-day moving average price of $181.06 and a 200 day moving average price of $210.11.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.13 by $0.75. The firm 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 quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $2.58 EPS. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Equities research analysts anticipate that Salesforce Inc. will post 9.72 earnings per share for the current year.

Salesforce Announces Dividend

The company 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 dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, June 11th. Salesforce's payout ratio is presently 20.37%.

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

Insider Transactions at Salesforce

In other Salesforce news, Director David Blair Kirk acquired 2,570 shares of the company's stock in a transaction dated Wednesday, March 18th. The shares were acquired at an average cost of $194.62 per share, with a total value of $500,173.40. Following the acquisition, the director directly owned 13,689 shares of the company's stock, valued at approximately $2,664,153.18. The trade was a 23.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Laura Alber acquired 2,571 shares of the company's stock in a transaction dated Thursday, March 19th. The shares were purchased at an average cost of $194.58 per share, for a total transaction of $500,265.18. Following the purchase, the director directly owned 9,530 shares in the company, valued at approximately $1,854,347.40. This trade represents a 36.94% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.50% of the stock is currently owned by corporate insiders.

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce is benefiting from a broader rebound in software stocks after Nvidia CEO Jensen Huang eased fears that AI will disrupt the software industry, giving CRM and peers a fresh tailwind. NOW, IBM, software stocks surge as Huang eases AI fears; analysts see more upside
• Positive Sentiment: Investors are also focused on Salesforce’s expanding AI strategy, including a reported Contentful acquisition and continued rollout of Agentforce and related enterprise AI tools, which reinforces the company’s growth narrative. CRM Stock Jumps Amid Software Rally — Company Expands AI Push With Contentful Acquisition
• Positive Sentiment: Recent earnings remain a key support for the stock: Salesforce beat on both EPS and revenue, posted strong year-over-year growth, and delivered solid cash flow, helping sustain investor confidence despite broader market volatility. Salesforce, Inc. (CRM) Beats on Earnings and Revenue
• Neutral Sentiment: Salesforce continues to attract heavy investor attention online, reflecting elevated interest in the stock, but the article did not add new fundamental information likely to move shares. Investors Heavily Search Salesforce, Inc. (CRM): Here is What You Need to Know
• Neutral Sentiment: A Zacks review of Salesforce’s international revenue exposure is mainly a reminder that a meaningful portion of sales comes from overseas markets, which can affect stability and growth, but it was not a fresh catalyst. Salesforce (CRM) Reliance on International Sales: What Investors Need to Know
• Negative Sentiment: Some commentary continues to question whether Salesforce can thrive in an AI-dominated software landscape, and BMO trimmed its price target after earnings, which suggests some caution remains around valuation and future upside. Is Salesforce (CRM) the Best Undervalued Stock to Buy According to the Financial Media?

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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