Oppenheimer Asset Management Inc. Takes Position in Salesforce Inc. $CRM

Key Points

• Oppenheimer Asset Management purchased 89,022 Salesforce shares worth approximately $13.95 million during the second quarter. Institutional investors and hedge funds collectively own 80.43% of CRM’s outstanding stock.
• Salesforce exceeded quarterly expectations with adjusted EPS of $3.88 versus the $3.13 consensus and revenue of $11.13 billion, up 13.3% year over year. The company also pays a quarterly dividend of $0.44 per share, yielding about 0.9% annually.
• Analyst sentiment remains a “Moderate Buy,” with an average price target of $249.05, though views are mixed; bullish analysts cite potential core-business acceleration and Agentforce AI growth, while others warn of increasing competition from AI-native and rival software platforms.

Oppenheimer Asset Management Inc. purchased a new position in shares of Salesforce Inc. (NYSE:CRM - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 89,022 shares of the CRM provider's stock, valued at approximately $13,946,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CRM. Commonwealth Retirement Investments LLC acquired a new position in Salesforce in the fourth quarter worth $25,000. Key Capital Management INC bought a new stake in shares of Salesforce during the fourth quarter worth $26,000. Gilpin Wealth Management LLC acquired a new stake in shares of Salesforce in the fourth quarter valued at $26,000. Birchwood Financial Partners Inc. acquired a new stake in shares of Salesforce in the fourth quarter valued at $28,000. Finally, Swiss RE Ltd. bought a new position in shares of Salesforce in the fourth quarter valued at about $28,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Performance

Shares of NYSE:CRM opened at $195.86 on Friday. The stock has a market capitalization of $160.41 billion, a P/E ratio of 22.67, a P/E/G ratio of 1.09 and a beta of 1.16. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $269.11. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15. The business has a 50-day moving average price of $171.41 and a two-hundred day moving average price of $182.28.

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 company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same quarter last year, the firm earned $2.58 EPS. The company's revenue for the quarter 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. Equities analysts predict that Salesforce Inc. will post 10.27 earnings per share for the current year.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, June 11th. Salesforce's payout ratio is currently 20.37%.

Analysts Set New Price Targets

CRM has been the topic of a number of research analyst reports. Erste Group Bank raised shares of Salesforce from a "hold" rating to a "buy" rating in a report on Wednesday, August 5th. Sanford C. Bernstein dropped their target price on shares of Salesforce from $194.00 to $173.00 and set an "underperform" rating for the company in a research note on Thursday, May 28th. Jefferies Financial Group raised shares of Salesforce from a "buy" rating to a "buy" rating in a research note on Wednesday, July 1st. Wells Fargo & Company upped their target price on shares of Salesforce from $200.00 to $205.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Finally, Bank of America assumed coverage on shares of Salesforce in a research note on Monday, May 18th. They set an "underperform" rating and a $160.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $249.05.

Key Salesforce News

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

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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