Asset One Wealth Management LLC Acquires New Stake in Salesforce Inc. $CRM

Key Points

• Asset One Wealth Management disclosed a new fourth-quarter stake in Salesforce, buying 14,460 shares valued at about $3.83 million.
• Salesforce is drawing mixed Wall Street sentiment: several analysts reaffirmed Buy/Overweight ratings with price targets as high as $325, while others, including UBS, remain Neutral amid questions about AI-driven growth.
• The company reported better-than-expected quarterly results, with EPS of $3.88 and revenue of $11.13 billion, and it continues rewarding shareholders through a $25 billion buyback program and a quarterly dividend.

Asset One Wealth Management LLC acquired a new stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 14,460 shares of the CRM provider's stock, valued at approximately $3,831,000.

A number of other hedge funds have also made changes to their positions in CRM. Commonwealth Retirement Investments LLC acquired a new position in Salesforce in the fourth quarter worth approximately $25,000. Board of the Pension Protection Fund acquired a new position in Salesforce in the fourth quarter worth approximately $26,000. Key Capital Management INC acquired a new position in Salesforce in the fourth quarter worth approximately $26,000. Gilpin Wealth Management LLC acquired a new position in Salesforce in the fourth quarter worth approximately $26,000. Finally, Legacy Bridge LLC acquired a new position in Salesforce in the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 80.43% of the company's stock.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce announced a $3.6 billion acquisition of Fin, a customer AI agent platform, reinforcing its push into agentic AI and potentially expanding its automation and customer-service capabilities. Salesforce to acquire customer AI agent platform Fin for $3.6B
• Positive Sentiment: Some analysts remain constructive, with reaffirmed Buy ratings and targets well above the current share price, suggesting potential upside if Salesforce’s AI strategy and cash generation continue to improve. Analyst rating updates
• Neutral Sentiment: UBS reiterated a Neutral rating, reflecting a wait-and-see stance as investors assess whether Salesforce can convert its AI investments into faster growth. UBS sticks neutral
• Neutral Sentiment: Reports highlighting strong cash flow, rising margins, and a large buyback plan support the view that Salesforce still has financial flexibility to reward shareholders while investing in growth. CRM's Record Cash Generation Support Robust Shareholder Returns
• Negative Sentiment: Multiple articles raised concerns that Salesforce’s acquisition-heavy strategy may not be translating into sustained growth reacceleration, with some analysts cutting fair value estimates and questioning AI monetization. Salesforce (CRM) Stock Sees Fair Value Cut As Analysts Question AI Growth Path
• Negative Sentiment: Commentary also pointed to “unit economic” concerns and recent share-price weakness, suggesting investors are worried the market is still paying closer attention to execution risk than to the long-term AI opportunity. Salesforce: Putting The Spotlight On The Unit Economic Concerns

Analyst Upgrades and Downgrades

CRM has been the topic of several recent research reports. Wolfe Research restated an "outperform" rating on shares of Salesforce in a research report on Monday. Cantor Fitzgerald restated an "overweight" rating and issued a $250.00 price target on shares of Salesforce in a research report on Thursday, May 28th. BTIG Research restated a "buy" rating and issued a $255.00 price target on shares of Salesforce in a research report on Tuesday, May 26th. Roth Mkm restated a "buy" rating and issued a $325.00 price target on shares of Salesforce in a research report on Thursday, May 28th. Finally, Weiss Ratings upgraded shares of Salesforce from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $259.26.

Salesforce Trading Down 4.2%

NYSE CRM opened at $154.88 on Thursday. Salesforce Inc. has a twelve month low of $154.23 and a twelve month high of $276.80. 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 stock has a market cap of $126.85 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.01 and a beta of 1.16. The firm's 50 day moving average price is $178.54 and its two-hundred day moving average price is $205.28.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.75. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The firm had revenue of $11.13 billion for the quarter, compared to analysts' expectations of $11.05 billion. During the same period in the previous year, the company posted $2.58 EPS. The company's quarterly revenue was up 13.3% compared to the same quarter last year. 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 analysts anticipate that Salesforce Inc. will post 10.29 EPS for the current year.

Salesforce Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. Salesforce's dividend payout ratio (DPR) is 20.37%.

Salesforce announced that its Board of Directors has initiated a share repurchase plan on Monday, March 16th that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the CRM provider to buy up to 14.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

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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