OLD National Bancorp IN Buys 3,677 Shares of Salesforce Inc. $CRM

Key Points

• OLD National Bancorp IN increased its stake in Salesforce by 4.6%, buying 3,677 shares to hold 83,865 shares worth about $22.22 million; institutional investors now own roughly 80.43% of the company.
• Salesforce beat quarterly expectations with EPS of $3.81 (vs. $3.05 est.) and revenue of $11.20 billion (vs. $11.18 billion est.), with revenue up 12.1% year‑over‑year and management issuing FY2027 and Q1 2027 EPS guidance.
• The board authorized a $25 billion share repurchase program (up to ~14.1% of shares) and raised the quarterly dividend to $0.44 ($1.76 annualized, ~1.0% yield).

OLD National Bancorp IN lifted its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,865 shares of the CRM provider's stock after purchasing an additional 3,677 shares during the period. OLD National Bancorp IN's holdings in Salesforce were worth $22,217,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CRM. Brighton Jones LLC increased its stake in shares of Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock valued at $8,582,000 after buying an additional 3,102 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock valued at $611,000 after acquiring an additional 205 shares during the period. Bison Wealth LLC boosted its holdings in Salesforce by 9.0% in the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock valued at $747,000 after acquiring an additional 184 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in Salesforce by 3.7% in the second quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider's stock valued at $807,000 after acquiring an additional 106 shares during the last quarter. Finally, United Bank increased its position in Salesforce by 5.2% in the second quarter. United Bank now owns 10,198 shares of the CRM provider's stock worth $2,781,000 after purchasing an additional 500 shares during the period. Institutional investors own 80.43% of the company's stock.

Salesforce Stock Performance

Shares of NYSE:CRM opened at $174.37 on Thursday. The firm's 50 day simple moving average is $187.68 and its 200 day simple moving average is $222.98. Salesforce Inc. has a fifty-two week low of $163.52 and a fifty-two week high of $296.05. The company has a market capitalization of $142.67 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 1.36 and a beta of 1.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The CRM provider reported $3.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.05 by $0.76. Salesforce had a net margin of 17.96% and a return on equity of 15.38%. The firm had revenue of $11.20 billion during the quarter, compared to analysts' expectations of $11.18 billion. During the same quarter in the previous year, the company earned $2.78 earnings per share. The business's revenue for the quarter was up 12.1% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. As a group, sell-side analysts forecast that Salesforce Inc. will post 9.71 earnings per share for the current year.

Salesforce Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Thursday, April 9th will be given a $0.44 dividend. The ex-dividend date is Thursday, April 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Salesforce's previous quarterly dividend of $0.42. Salesforce's dividend payout ratio is currently 22.54%.

Salesforce announced that its board has initiated a share repurchase program on Monday, March 16th that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the CRM provider to repurchase up to 14.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have issued reports on CRM shares. Sanford C. Bernstein cut their target price on shares of Salesforce from $223.00 to $194.00 and set an "underperform" rating on the stock in a research report on Thursday, February 26th. Wells Fargo & Company lowered their price target on shares of Salesforce from $235.00 to $210.00 and set an "equal weight" rating for the company in a research report on Thursday, February 26th. DA Davidson dropped their price target on shares of Salesforce from $235.00 to $200.00 and set a "neutral" rating for the company in a research note on Friday, February 27th. Royal Bank Of Canada cut their price objective on shares of Salesforce from $290.00 to $210.00 and set a "sector perform" rating on the stock in a report on Thursday, February 26th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $281.00 target price on shares of Salesforce in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $279.18.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Expanded Google Cloud partnership that enables AI agents to act across Salesforce and Google Workspace/Slack — improves enterprise integration and could accelerate enterprise AI adoption and cross‑platform revenue. Salesforce and Google Cloud PR
• Positive Sentiment: Agentforce adoption showing rapid traction (Agentforce ARR and agentic actions growth), supporting Salesforce’s shift to usage‑based AI monetization — a structural upside to revenue mix and long‑term growth. Seeking Alpha on Agentforce
• Positive Sentiment: Company headline of a $25 billion buyback cited in coverage — buybacks can support EPS and signal management confidence, bolstering investor demand. Blockonomi: Buyback & Google partnership
• Positive Sentiment: Notable bullish endorsements: Truist reaffirmed a Buy (PT $280) after TDX developer event; Jim Cramer advised holders not to sell at current levels; reports that investor Michael Burry is building software positions — these provide sentiment support. Jim Cramer on CRM
• Neutral Sentiment: Short‑term momentum and market commentary noted CRM outpaced the market on recent sessions (small intraday gains), but those moves haven’t offset broader concerns. Yahoo: Outpaced the market
• Neutral Sentiment: Comparisons to peers (Adobe, Oracle) highlight competitive positioning and different AI execution paths — useful for relative valuation and allocation decisions but not an immediate catalyst. Salesforce vs Adobe
• Negative Sentiment: Piper Sandler trimmed its price target from $250 to $215, citing rising AI competition in enterprise software — analyst PT cuts can pressure sentiment and trigger re‑rating risk. Piper Sandler PT cut
• Negative Sentiment: Investor letters and coverage flagged AI disruption fears that pressured Q1 performance and highlight execution/transition risks as Salesforce shifts pricing models — creates short‑term volatility risk. InsiderMonkey on AI fears
• Negative Sentiment: Articles revisiting the 2025 drop (30% plunge) and mixed analyst outlooks remind investors of CRM’s volatility and the potential for sharp drawdowns before any forecasted rallies. Blockonomi: 2025 plunge & outlook

Insiders Place Their Bets

In other Salesforce news, Director Laura Alber bought 2,571 shares of the firm's stock in a transaction on Thursday, March 19th. The stock was purchased at an average cost of $194.58 per share, with a total value of $500,265.18. Following the completion of the purchase, the director owned 9,530 shares in the company, valued at approximately $1,854,347.40. The trade was a 36.94% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David Blair Kirk purchased 2,570 shares of the stock in a transaction on Wednesday, March 18th. The stock was acquired at an average price of $194.62 per share, with a total value of $500,173.40. Following the completion of the acquisition, the director directly owned 13,689 shares of the company's stock, valued at approximately $2,664,153.18. This represents a 23.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.00% of the stock is owned by corporate insiders.

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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