Next Capital Management LLC Buys Shares of 11,350 Salesforce Inc. $CRM

Key Points

• Next Capital Management acquired 11,350 Salesforce shares in the second quarter, valued at approximately $1.78 million. Institutional investors collectively own 80.43% of CRM stock.
• Salesforce reported quarterly EPS of $3.88, surpassing the $3.13 consensus estimate, while revenue rose 13.3% year over year to $11.13 billion.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $249.05, although competition from AI-native software and substitute technologies remains a concern.

Next Capital Management LLC purchased a new position in shares of Salesforce Inc. (NYSE:CRM - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,350 shares of the CRM provider's stock, valued at approximately $1,780,000.

Several other hedge funds also recently made changes to their positions in CRM. Fred Alger Management LLC lifted its position in shares of Salesforce by 0.3% in the third quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider's stock worth $3,548,000 after purchasing an additional 45 shares in the last quarter. Richards Merrill & Peterson Inc. grew its position in Salesforce by 1.1% in the fourth quarter. Richards Merrill & Peterson Inc. now owns 4,239 shares of the CRM provider's stock valued at $1,123,000 after purchasing an additional 46 shares in the last quarter. Wright Investors Service Inc. grew its position in Salesforce by 0.8% in the fourth quarter. Wright Investors Service Inc. now owns 6,186 shares of the CRM provider's stock valued at $1,639,000 after purchasing an additional 47 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC increased its stake in Salesforce by 6.9% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 745 shares of the CRM provider's stock valued at $197,000 after buying an additional 48 shares during the last quarter. Finally, Synergy Financial Group LTD lifted its position in Salesforce by 2.4% during the 3rd quarter. Synergy Financial Group LTD now owns 2,035 shares of the CRM provider's stock worth $482,000 after buying an additional 48 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: JPMorgan resumed coverage with an Overweight rating and a $250 price target, citing potential acceleration in Salesforce’s core business during the second half of the year. The target implies more than 24% upside from recent levels. JPMorgan bullish Salesforce coverage
• Positive Sentiment: Monness Crespi & Hardt raised its Salesforce price target to $222 from $200 and maintained a Buy rating. UBS and Wells Fargo also reportedly forecast strong appreciation, reinforcing improving sell-side sentiment. Monness Crespi Salesforce price target
• Positive Sentiment: Salesforce’s Agentforce platform is gaining traction, giving the company a way to use its large CRM customer base to compete with Microsoft and Oracle in enterprise “agentic” AI. Salesforce agentic AI analysis
• Positive Sentiment: A Seeking Alpha analysis argues that Salesforce’s $27.1 billion share-repurchase program, equivalent to an estimated 23% net buyback yield, could support earnings-per-share growth. The stock also appears inexpensive at roughly 14 times forward earnings, although buybacks have increased debt. Salesforce buyback analysis
• Neutral Sentiment: Salesforce has recently posted strong momentum, with reports noting three consecutive weeks of gains and substantial one-month appreciation. That run may be encouraging investors, but it also raises the possibility of profit-taking.
• Negative Sentiment: Parnassus Investments indicated that Salesforce has lost favor as AI opportunities shift toward competing or substitute technologies. Other commentary likewise warns that alternative software and AI-native tools threaten Salesforce’s traditional CRM franchise. Salesforce AI competition concerns

Salesforce Stock Down 2.7%

Shares of CRM stock opened at $195.86 on Friday. 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 firm's 50-day moving average is $171.41 and its 200-day moving average is $182.28. The stock has a market cap of $160.41 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 1.09 and a beta of 1.16. Salesforce Inc. has a 52-week low of $146.32 and a 52-week high of $269.11.

Salesforce (NYSE:CRM - Get Free Report) last issued its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, beating 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 business had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.05 billion. During the same period last year, the business posted $2.58 EPS. Salesforce'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. Sell-side analysts predict that Salesforce Inc. will post 10.27 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, June 11th. Salesforce's dividend payout ratio (DPR) is presently 20.37%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Susquehanna assumed coverage on Salesforce in a report on Wednesday, July 1st. They issued a "neutral" rating for the company. UBS Group upped their target price on Salesforce from $185.00 to $210.00 and gave the stock a "neutral" rating in a report on Wednesday. Monness Crespi & Hardt increased their price target on Salesforce from $200.00 to $222.00 and gave the company a "buy" rating in a research report on Thursday. BMO Capital Markets decreased their price target on Salesforce from $225.00 to $215.00 and set an "outperform" rating for the company in a research note on Thursday, May 28th. Finally, Needham & Company LLC reiterated a "buy" rating on shares of Salesforce in a research note on Tuesday, June 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $249.05.

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.

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