Salesforce Inc. $CRM Shares Acquired by Ally Financial Inc.

Ally Financial Inc. grew its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 18.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,500 shares of the CRM provider's stock after purchasing an additional 5,000 shares during the period. Salesforce makes up 1.1% of Ally Financial Inc.'s investment portfolio, making the stock its 15th largest position. Ally Financial Inc.'s holdings in Salesforce were worth $8,610,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mmbg Investment Advisors CO. lifted its stake in shares of Salesforce by 8.2% in the 3rd quarter. Mmbg Investment Advisors CO. now owns 79,627 shares of the CRM provider's stock valued at $18,905,000 after purchasing an additional 6,045 shares during the last quarter. NEOS Investment Management LLC lifted its stake in shares of Salesforce by 50.0% in the 3rd quarter. NEOS Investment Management LLC now owns 116,874 shares of the CRM provider's stock valued at $27,699,000 after purchasing an additional 38,963 shares during the last quarter. SFE Investment Counsel lifted its stake in shares of Salesforce by 82.7% in the 4th quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider's stock valued at $4,608,000 after purchasing an additional 7,871 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Salesforce by 8.9% in the 3rd quarter. Van ECK Associates Corp now owns 1,299,513 shares of the CRM provider's stock valued at $307,984,000 after purchasing an additional 106,107 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of Salesforce by 2.4% in the 3rd quarter. Fisher Asset Management LLC now owns 4,328,230 shares of the CRM provider's stock valued at $1,025,791,000 after purchasing an additional 101,191 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce’s latest quarter was strong, with revenue of $11.13 billion, EPS of $3.88, and AI/data ARR rising to $3.4 billion; Agentforce alone reached $1.2 billion in ARR, reinforcing the company’s AI growth story and supporting the bullish case. Article Title
• Positive Sentiment: Erste Group Bank raised its earnings expectations for Salesforce, estimating FY2027 EPS at $10.17 and FY2028 EPS at $11.07, which suggests confidence in longer-term profitability. Article Title
• Positive Sentiment: Salesforce is getting renewed attention from market watchers, and several articles highlight that its AI pivot and low valuation could attract investors if execution continues to improve. Article Title
• Neutral Sentiment: Salesforce is also being discussed in the context of broader software-sector weakness, with investors favoring AI infrastructure and chip names over traditional subscription software. Article Title
• Negative Sentiment: Salesforce announced another round of layoffs tied to its AI and Marketing Cloud teams, signaling restructuring pressure as it shifts toward AI-focused and usage-based monetization models. Article Title
• Negative Sentiment: Several reports note that CRM shares are near 52-week lows as investors worry the market is rotating away from legacy software names, keeping pressure on the stock despite solid fundamentals. Article Title

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Sanford C. Bernstein decreased their price target on Salesforce from $194.00 to $173.00 and set an "underperform" rating on the stock in a research note on Thursday, May 28th. Canaccord Genuity Group decreased their target price on Salesforce from $250.00 to $225.00 and set a "buy" rating on the stock in a research note on Thursday, May 28th. UBS Group reissued a "market outperform" rating on shares of Salesforce in a research note on Thursday, May 28th. Wall Street Zen raised Salesforce from a "hold" rating to a "buy" rating in a research note on Saturday, June 6th. Finally, Truist Financial set a $280.00 target price on Salesforce in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Salesforce currently has an average rating of "Moderate Buy" and an average price target of $259.26.

Salesforce Trading Down 0.2%

CRM opened at $166.07 on Friday. Salesforce Inc. has a one year low of $161.40 and a one year high of $276.80. The company has a market cap of $136.01 billion, a P/E ratio of 19.22, a PEG ratio of 1.03 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. The business's 50-day simple moving average is $180.10 and its 200-day simple moving average is $206.89.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, beating analysts' consensus estimates of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The business had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter in the prior year, the business posted $2.58 EPS. The business'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. As a group, equities research analysts expect that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th will be issued a $0.44 dividend. The ex-dividend date is Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. Salesforce's dividend payout ratio is presently 20.37%.

Salesforce declared that its board has initiated a share repurchase program on Monday, March 16th that permits the company to buyback $25.00 billion in outstanding shares. This buyback authorization permits the CRM provider to buy up to 14.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at Salesforce

In other Salesforce news, Director Laura Alber acquired 2,571 shares of the company's stock in a transaction dated Thursday, March 19th. The shares were acquired at an average price of $194.58 per share, for a total transaction of $500,265.18. Following the acquisition, the director owned 9,530 shares in the company, valued at $1,854,347.40. The trade was a 36.94% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David Blair Kirk acquired 2,570 shares of the company's stock in a transaction dated Wednesday, March 18th. The stock was acquired at an average price of $194.62 per share, for a total transaction of $500,173.40. Following the acquisition, the director owned 13,689 shares in the company, valued at approximately $2,664,153.18. The trade was a 23.11% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 3.50% of the company's stock.

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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