Choreo LLC Trims Holdings in Salesforce Inc. $CRM

Key Points

• Choreo LLC trimmed its stake in Salesforce (CRM) by 35.3% in the fourth quarter, selling 15,125 shares and leaving 27,733 shares valued at $7.375 million per its latest 13F filing.
• Salesforce authorized a $25 billion share buyback (about 14.1% of shares) and raised its quarterly dividend to $0.44 ($1.76 annualized), signaling management confidence in the stock's valuation.
• The company beat the quarter with $3.81 EPS on $11.20 billion revenue and set FY2027 EPS guidance of 13.110–13.190, yet the stock is down roughly 35% YTD amid mixed analyst targets (average ~$280.21).

Choreo LLC trimmed its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 35.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 27,733 shares of the CRM provider's stock after selling 15,125 shares during the period. Choreo LLC's holdings in Salesforce were worth $7,375,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CRM. Vanguard Group Inc. increased its stake in Salesforce by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 89,572,253 shares of the CRM provider's stock worth $21,228,624,000 after buying an additional 748,772 shares during the period. State Street Corp increased its stake in Salesforce by 0.3% during the 3rd quarter. State Street Corp now owns 49,420,657 shares of the CRM provider's stock worth $11,732,966,000 after buying an additional 159,739 shares during the period. Capital International Investors increased its stake in Salesforce by 9.4% during the 3rd quarter. Capital International Investors now owns 20,051,119 shares of the CRM provider's stock worth $4,753,519,000 after buying an additional 1,729,440 shares during the period. Capital World Investors increased its stake in Salesforce by 159.0% during the 3rd quarter. Capital World Investors now owns 17,325,206 shares of the CRM provider's stock worth $4,106,255,000 after buying an additional 10,636,161 shares during the period. Finally, Invesco Ltd. increased its stake in Salesforce by 11.8% during the 3rd quarter. Invesco Ltd. now owns 7,155,512 shares of the CRM provider's stock worth $1,695,856,000 after buying an additional 754,116 shares during the period. 80.43% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Strong underlying fundamentals: recent coverage highlights Salesforce's trailing‑12‑month revenue (~$41.5B), solid profitability (77.6% gross margin, ~13.9% profit margin), nearly $15B operating cash flow and $7.8 diluted EPS — all arguments that the company’s core business can justify a higher multiple over time. Salesforce Stock Is Dropping Today: What's Going On?
• Positive Sentiment: Ecosystem wins / product integrations: Redpanda’s new real‑time, bidirectional connectors to Salesforce position CRM more as a central data hub — a feature that can increase platform stickiness and justify long‑term value capture. Salesforce Connectors From Redpanda Put Focus On CRM Valuation Gap
• Neutral Sentiment: Options activity signaling volatility: recent options flow has drawn attention — heightened options interest can presage larger moves (up or down) around earnings, product news or macro catalysts but is not a directional confirmation on its own. Is the Options Market Predicting a Spike in Salesforce Stock?
• Neutral Sentiment: Valuation debate / buy/hold view: some analysts note CRM is down sharply YTD (~35%) and argue the pullback plus ongoing AI adoption and improving growth make it a hold at current prices — this frames the decline as a potential buying opportunity for longer‑term investors. Salesforce Plunges 35% YTD: Should You Buy, Sell or Hold the Stock?
• Negative Sentiment: Sector shock from new AI models: reports about Anthropic’s latest model and broader headlines have sparked a selloff across software stocks, pressuring CRM as investors rotate toward AI infrastructure and hardware beneficiaries. Anthropic's Latest AI Model Sends a Shockwave Through Software Stocks
• Negative Sentiment: Macro/strategy commentary: high‑profile commentary (e.g., Jim Cramer) indicates a renewed “buy hardware, sell software” rotation, which can keep downward pressure on valuation multiples for large software vendors like Salesforce. Cramer explains the divergence in tech stocks – and why software may continue to lag
• Negative Sentiment: Stock price technical and momentum concerns: coverage noting three‑year lows and a steep YTD decline highlight momentum weakness that can perpetuate selling until clearer positive catalysts emerge. Salesforce stock just crashed to 3-year lows; Here's why
• Negative Sentiment: Competitive/product signals: items about alternatives (e.g., Slackbot as a CRM interface) and specialized Salesforce‑based solutions could be read as both ecosystem expansion and potential competitive friction for certain use cases. Slack instead of Salesforce: Slackbot becomes CRM interface

Salesforce Stock Up 0.0%

Shares of NYSE:CRM opened at $164.99 on Monday. The stock has a market cap of $152.29 billion, a P/E ratio of 21.13, a P/E/G ratio of 1.20 and a beta of 1.29. The firm has a fifty day moving average price of $189.91 and a 200 day moving average price of $226.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76. Salesforce Inc. has a 1-year low of $163.52 and a 1-year high of $296.05.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The CRM provider reported $3.81 earnings per share for the quarter, topping analysts' consensus estimates of $3.05 by $0.76. The firm had revenue of $11.20 billion during the quarter, compared to analysts' expectations of $11.18 billion. Salesforce had a net margin of 17.96% and a return on equity of 15.38%. Salesforce's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.78 EPS. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. Sell-side analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, April 9th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, April 9th. This is an increase from Salesforce's previous quarterly dividend of $0.42. Salesforce's payout ratio is currently 22.54%.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group reaffirmed a "buy" rating and set a $281.00 target price on shares of Salesforce in a research note on Thursday, February 26th. Oppenheimer cut their target price on shares of Salesforce from $275.00 to $250.00 and set an "outperform" rating on the stock in a research note on Thursday, February 26th. Northland Securities cut their target price on shares of Salesforce from $267.00 to $229.00 and set a "market perform" rating on the stock in a research note on Tuesday, March 10th. Wolfe Research reaffirmed an "outperform" rating on shares of Salesforce in a research note on Thursday, January 15th. Finally, UBS Group cut their target price on shares of Salesforce from $260.00 to $200.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $280.21.

Insiders Place Their Bets

In other news, Director Laura Alber acquired 2,571 shares of the business's stock in a transaction on Thursday, March 19th. The stock was bought at an average price of $194.58 per share, for a total transaction of $500,265.18. Following the transaction, the director owned 9,530 shares in the company, valued at $1,854,347.40. This represents a 36.94% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Neelie Kroes sold 3,893 shares of the company's stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $238.70, for a total transaction of $929,259.10. Following the transaction, the director owned 7,299 shares of the company's stock, valued at approximately $1,742,271.30. The trade was a 34.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.00% of the stock is owned by insiders.

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.

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.