Jericho Financial LLP Purchases New Position in Salesforce Inc. $CRM

Jericho Financial LLP acquired a new position in Salesforce Inc. (NYSE:CRM - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 25,444 shares of the CRM provider's stock, valued at approximately $3,986,000. Salesforce comprises 2.1% of Jericho Financial LLP's portfolio, making the stock its 24th largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Commonwealth Retirement Investments LLC purchased a new position in shares of Salesforce in the fourth quarter worth $25,000. Gilpin Wealth Management LLC purchased a new stake in shares of Salesforce during the fourth quarter valued at $26,000. Persistent Asset Partners Ltd bought a new stake in Salesforce in the 2nd quarter worth about $27,000. Costello Asset Management INC increased its holdings in Salesforce by 410.3% in the 1st quarter. Costello Asset Management INC now owns 148 shares of the CRM provider's stock worth $28,000 after buying an additional 119 shares in the last quarter. Finally, Gables Capital Management Inc. purchased a new position in Salesforce in the 2nd quarter worth about $28,000. 80.43% of the stock is owned by institutional investors.

Key Salesforce News

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on CRM shares. Roth Capital reiterated a "buy" rating and issued a $325.00 price target on shares of Salesforce in a research note on Thursday, May 28th. JPMorgan Chase & Co. started coverage on shares of Salesforce in a research report on Thursday, August 13th. They set an "overweight" rating and a $250.00 price objective on the stock. Canaccord Genuity Group restated a "buy" rating and issued a $225.00 target price on shares of Salesforce in a report on Tuesday, June 16th. HC Wainwright downgraded shares of Salesforce to a "negative" rating in a research report on Thursday, June 18th. Finally, Scotiabank lowered shares of Salesforce from a "sector outperform" rating to a "sector perform" rating in a research note on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $249.87.

Salesforce Price 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 firm has a market capitalization of $171.33 billion, a P/E ratio of 24.21, a PEG ratio of 1.13 and a beta of 1.16. 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 50-day moving average price of $174.33 and a 200-day moving average price of $181.35.

Salesforce (NYSE:CRM - Get Free Report) last issued 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. The firm had revenue of $11.13 billion for the quarter, compared to analysts' expectations of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The business's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business 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 10.27 earnings per share for the current year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 11th. Salesforce's dividend payout ratio (DPR) is currently 20.37%.

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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