Kampmann Melissa S. Reduces Position in Salesforce Inc. $CRM

Key Points

• Kampmann Melissa S. cut its Salesforce position by 35.9% in the second quarter, selling 2,374 shares and retaining 4,240 shares valued at approximately $664,000.
• Salesforce reported strong quarterly results, with revenue rising 10.8% year over year to $11.35 billion and earnings of $5.90 per share, well above the $3.27 consensus estimate.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and a $266.50 average price target; Salesforce also declared a quarterly dividend of $0.44 per share.

Kampmann Melissa S. decreased its position in Salesforce Inc. (NYSE:CRM - Free Report) by 35.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,240 shares of the CRM provider's stock after selling 2,374 shares during the period. Kampmann Melissa S.'s holdings in Salesforce were worth $664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in CRM. Fred Alger Management LLC lifted its stake in Salesforce by 0.3% during the 3rd quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider's stock valued at $3,548,000 after acquiring an additional 45 shares during the period. Synergy Financial Group LTD increased its stake in shares of Salesforce by 2.4% in the third quarter. Synergy Financial Group LTD now owns 2,035 shares of the CRM provider's stock worth $482,000 after acquiring an additional 48 shares during the period. CBIZ Investment Advisory Services LLC raised its holdings in shares of Salesforce by 35.4% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 199 shares of the CRM provider's stock worth $53,000 after purchasing an additional 52 shares during the last quarter. Krane Funds Advisors LLC raised its holdings in shares of Salesforce by 0.7% during the fourth quarter. Krane Funds Advisors LLC now owns 8,254 shares of the CRM provider's stock worth $2,187,000 after purchasing an additional 57 shares during the last quarter. Finally, HBW Advisory Services LLC lifted its position in Salesforce by 0.4% during the first quarter. HBW Advisory Services LLC now owns 13,098 shares of the CRM provider's stock valued at $2,445,000 after purchasing an additional 57 shares during the period. Hedge funds and other institutional investors own 80.43% of the company's stock.

Salesforce Price Performance

NYSE:CRM opened at $264.13 on Friday. Salesforce Inc. has a 52 week low of $146.32 and a 52 week high of $269.11. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $217.38 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 1.19 and a beta of 1.20. The stock's 50-day moving average price is $189.85 and its 200-day moving average price is $184.47.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, topping analysts' consensus estimates of $3.27 by $2.63. The company had revenue of $11.35 billion during the quarter, compared to analysts' expectations of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.Salesforce's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.91 EPS. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. As a group, equities analysts expect that Salesforce Inc. will post 12.64 EPS for the current fiscal year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce's dividend payout ratio is presently 16.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CRM shares. Bank of America initiated coverage on shares of Salesforce in a report on Monday, May 18th. They issued an "underperform" rating and a $160.00 price target on the stock. Jefferies Financial Group boosted their price objective on Salesforce from $250.00 to $300.00 and gave the company a "buy" rating in a report on Thursday, August 27th. Argus upped their target price on Salesforce from $290.00 to $300.00 and gave the stock a "buy" rating in a research note on Monday. CLSA started coverage on Salesforce in a report on Monday, July 20th. They set a "hold" rating and a $165.00 target price on the stock. Finally, Daiwa Securities Group reduced their price target on Salesforce from $295.00 to $280.00 and set a "buy" rating for the company in a research report on Tuesday, June 2nd. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $266.50.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Anthropic partnership strengthens AI outlook: Salesforce and Anthropic launched “Claudeforce,” integrating Claude AI into Salesforce’s platform. The partnership is viewed as a potential source of new revenue, improved Agentforce adoption and access to additional enterprise customers. Salesforce partners with Anthropic to integrate Claude AI into its ecosystem
• Positive Sentiment: Strong quarterly performance and higher guidance: Salesforce reported $11.35 billion in quarterly revenue, up 10.8% year over year, and adjusted earnings of $5.90 per share versus the $3.27 consensus estimate. Current remaining performance obligations rose 14%, while management’s increased fiscal-year outlook supports expectations for accelerating growth. Salesforce: Proving That AI Needs A Software Partner
• Positive Sentiment: Analysts raised targets: Cantor Fitzgerald lifted its target to $300, BTIG reaffirmed a Buy rating with a $300 target, and Needham maintained its Buy rating while setting a $400 target. The revisions indicate that analysts see improving business trends and further upside from Salesforce’s AI offerings. BTIG says it is incrementally confident in improving business trends
• Positive Sentiment: Enterprise software rebound provides a tailwind: Salesforce is participating in a broader recovery in enterprise software stocks as bearish positions unwind and investors rotate back toward established AI beneficiaries. Jim Cramer breaks down the enterprise software rebound
• Neutral Sentiment: Quarterly dividend declared: Salesforce’s board approved a $0.44-per-share cash dividend, payable October 8 to shareholders of record September 17. The payment adds shareholder income but is unlikely to be the primary driver of the stock’s move. Salesforce Announces Quarterly Dividend
• Negative Sentiment: Execution expectations are rising: After a sharp rally, investors will expect Salesforce to convert Agentforce and Claudeforce interest into sustained revenue acceleration. Elevated expectations and the stock’s proximity to its yearly high could increase sensitivity to any signs of slower adoption or weaker guidance.

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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