Odyssean LLC Acquires Shares of 17,920 Salesforce Inc. $CRM

Key Points

• Odyssean LLC acquired 17,920 Salesforce shares during the second quarter, valued at approximately $2.8 million. Institutional investors collectively own 80.43% of Salesforce.
• Salesforce reported quarterly revenue of $11.13 billion and adjusted EPS of $3.88, exceeding analyst estimates, while revenue increased 13.3% year over year.
• Analysts remain moderately bullish, with an average price target of $248.72, but investors are watching for renewed growth and stronger Agentforce monetization amid expectations for about 10.6% revenue growth.

Odyssean LLC bought a new position in shares of Salesforce Inc. (NYSE:CRM - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,920 shares of the CRM provider's stock, valued at approximately $2,807,000.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth Retirement Investments LLC bought a new position in Salesforce in the fourth quarter worth $25,000. Manning & Napier Advisors LLC purchased a new position in Salesforce during the second quarter valued at $26,000. Gilpin Wealth Management LLC bought a new stake in shares of Salesforce during the 4th quarter valued at $26,000. Persistent Asset Partners Ltd bought a new stake in shares of Salesforce during the 2nd quarter valued at $27,000. Finally, Costello Asset Management INC grew its position in shares of 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 during the period. Institutional investors own 80.43% of the company's stock.

Salesforce News Roundup

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Analysts continue to see upside: Canaccord Genuity reaffirmed a “buy” rating with a $225 price target, Citizens JMP maintained “market outperform” with a $315 target, and BTIG reiterated “buy” with a $255 target. These targets imply that the recent pullback has created potential valuation upside. Analyst rating updates
• Positive Sentiment: Agentforce adoption and Salesforce’s expanding AI ecosystem are expected to support subscription growth. New integrations from ZoomInfo and Agiloft on the AgentExchange marketplace also suggest that third-party developers are increasingly using Salesforce and Slack AI workflows, strengthening the company’s platform moat. CRM Q2 earnings preview AgentExchange ecosystem
• Neutral Sentiment: Jefferies expects an in-line fiscal second quarter. Its survey of 20 Salesforce partners was moderately encouraging, with 70% reporting results at or above plan, but investors are likely to focus more heavily on management’s second-half growth outlook and Agentforce monetization. Jefferies Salesforce outlook
• Negative Sentiment: The earnings setup leaves little room for disappointment: Salesforce is expected to post roughly 10.6% revenue growth, while analysts want evidence that slower sales growth is reaccelerating. The stock is also testing technical resistance near $210, and broader caution toward technology shares may be limiting buying ahead of the report.

Salesforce Stock Performance

Shares of CRM stock opened at $205.74 on Wednesday. The company has a market capitalization of $168.50 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 1.13 and a beta of 1.16. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. Salesforce Inc. has a one year low of $146.32 and a one year high of $269.11. The company's 50-day moving average is $176.11 and its 200 day moving average is $181.49.

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, topping the consensus estimate of $3.13 by $0.75. The business had revenue of $11.13 billion during 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 revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.58 earnings per share. Sell-side analysts expect that Salesforce Inc. will post 10.27 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

Wall Street Analysts Forecast Growth

CRM has been the subject of a number of recent research reports. Sanford C. Bernstein lowered their price target on shares of Salesforce from $194.00 to $173.00 and set an "underperform" rating for the company in a research report on Thursday, May 28th. Susquehanna initiated coverage on shares of Salesforce in a report on Wednesday, July 1st. They issued a "neutral" rating on the stock. Wall Street Zen downgraded shares of Salesforce from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Deutsche Bank Aktiengesellschaft set a $315.00 target price on shares of Salesforce in a report on Tuesday. Finally, Royal Bank Of Canada downgraded Salesforce from a "sector perform" rating to a "sector perform" rating in a research note on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $248.72.

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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