Glassy Mountain Advisors Inc. Purchases 2,764 Shares of Salesforce Inc. $CRM

Key Points

• Glassy Mountain Advisors boosted its Salesforce stake by 21.4% in the fourth quarter, buying 2,764 additional shares and bringing its total holdings to 15,656 shares worth about $4.15 million.
• Salesforce reported better-than-expected quarterly results, with earnings of $3.88 per share on revenue of $11.13 billion, while revenue rose 13.3% year over year. The company also issued FY 2027 and Q2 2027 guidance.
• The company authorized a $25 billion stock buyback and announced a quarterly dividend of $0.44 per share, signaling confidence in its valuation and cash generation.

Glassy Mountain Advisors Inc. increased its position in Salesforce Inc. (NYSE:CRM - Free Report) by 21.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,656 shares of the CRM provider's stock after purchasing an additional 2,764 shares during the quarter. Glassy Mountain Advisors Inc.'s holdings in Salesforce were worth $4,147,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Salesforce by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 89,843,166 shares of the CRM provider's stock worth $23,800,353,000 after purchasing an additional 270,913 shares during the period. State Street Corp lifted its position in Salesforce by 0.3% in the third quarter. State Street Corp now owns 49,420,657 shares of the CRM provider's stock worth $11,732,966,000 after purchasing an additional 159,739 shares during the period. Geode Capital Management LLC lifted its position in Salesforce by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 21,782,556 shares of the CRM provider's stock worth $5,751,073,000 after purchasing an additional 791,345 shares during the period. Capital International Investors lifted its position in Salesforce by 9.4% in the third quarter. Capital International Investors now owns 20,051,119 shares of the CRM provider's stock worth $4,753,519,000 after purchasing an additional 1,729,440 shares during the period. Finally, Capital World Investors lifted its holdings in shares of Salesforce by 159.0% during the third quarter. Capital World Investors now owns 17,325,206 shares of the CRM provider's stock valued at $4,106,255,000 after acquiring an additional 10,636,161 shares during the period. 80.43% of the stock is owned by institutional investors.

Salesforce Price Performance

Shares of CRM stock opened at $190.96 on Thursday. The stock has a 50-day moving average price of $181.09 and a 200 day moving average price of $209.45. 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 firm has a market cap of $156.39 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 1.31 and a beta of 1.16. Salesforce Inc. has a 12 month low of $163.52 and a 12 month high of $276.80.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping analysts' consensus estimates of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The firm had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.05 billion. During the same period last year, the company earned $2.58 earnings per share. The company's revenue was up 13.3% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Research analysts expect that Salesforce Inc. will post 9.83 EPS for the current year.

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

Salesforce Announces Dividend

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 issued a dividend of $0.44 per share. The ex-dividend date is Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 0.9%. Salesforce's dividend payout ratio (DPR) is 20.37%.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce’s Agentforce annual recurring revenue reportedly topped $1 billion and reached about $1.2 billion in Q1, up 205% year over year, reinforcing the view that the company’s AI automation push is gaining real traction and could drive future growth. Salesforce's Agentforce ARR Tops $1B: Can It Fuel More Growth for CRM?
• Positive Sentiment: Analyst and market commentary remains constructive, with reports noting a potential catch-up rally, bullish technical reversal signals, and endorsements from firms such as TD Cowen and KeyBanc despite some target-price trimming. Salesforce: Catch-Up Rally Will Continue; Bookings Rebound Expected In H2
• Positive Sentiment: Salesforce is also being highlighted as a value and cash-flow name, which can support investor demand if the market continues rotating toward profitable software names. Here's Why Salesforce (CRM) is a Strong Value Stock
• Neutral Sentiment: Salesforce updated investors at the Bank of America Global Technology Conference, but the transcript itself did not include a clear new catalyst in the items provided. Salesforce, Inc. (CRM) Presents at Bank of America 2026 Global Technology Conference Transcript
• Negative Sentiment: Some coverage remains cautious, including commentary that the recent rebound may be running into technical resistance and that more downside could follow if momentum fades. Is This The Top For Salesforce?
• Negative Sentiment: DA Davidson reportedly cut its price target following Q1 results, reflecting lingering skepticism from some analysts even after the earnings beat. DA Davidson Cuts PT on Salesforce, Inc. (CRM) Following Q1 Results

Insider Transactions at Salesforce

In related news, Director Laura Alber bought 2,571 shares of Salesforce stock in a transaction on Thursday, March 19th. The shares were purchased at an average price of $194.58 per share, for a total transaction of $500,265.18. Following the completion of the acquisition, the director owned 9,530 shares in the company, valued at approximately $1,854,347.40. This represents a 36.94% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Blair Kirk bought 2,570 shares of Salesforce stock in a transaction on Wednesday, March 18th. The shares were bought at an average price of $194.62 per share, for a total transaction of $500,173.40. Following the acquisition, the director 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 position. Additional details regarding this purchase are available in the official SEC disclosure. 3.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CRM. BMO Capital Markets cut their price objective on Salesforce from $225.00 to $215.00 and set an "outperform" rating for the company in a report on Thursday, May 28th. Weiss Ratings cut Salesforce from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, May 20th. Needham & Company LLC reissued a "buy" rating and set a $400.00 price objective on shares of Salesforce in a report on Thursday, February 26th. Jefferies Financial Group reissued a "buy" rating on shares of Salesforce in a report on Tuesday, May 26th. Finally, TD Cowen cut their price objective on Salesforce from $250.00 to $240.00 and set a "buy" rating for the company in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Salesforce presently has an average rating of "Moderate Buy" and an average price target of $257.97.

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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