Salesforce Inc. $CRM Shares Purchased by Foundations Investment Advisors LLC

Key Points

• Foundations Investment Advisors LLC increased its Salesforce stake by 8.5% in the fourth quarter, ending with 96,236 shares valued at about $25.5 million.
• Several Salesforce insiders also bought shares, including directors David Blair Kirk and Laura Alber, signaling confidence in the company after recent transactions.
• Salesforce recently reported strong Q1 results, beating EPS and revenue expectations, while management raised full-year profit guidance and said Agentforce annualized revenue surpassed $1 billion.

Foundations Investment Advisors LLC lifted its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,236 shares of the CRM provider's stock after acquiring an additional 7,532 shares during the quarter. Foundations Investment Advisors LLC's holdings in Salesforce were worth $25,494,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CRM. Board of the Pension Protection Fund purchased a new stake in Salesforce during the fourth quarter worth $26,000. Key Capital Management INC purchased a new stake in Salesforce during the fourth quarter worth $26,000. Legacy Bridge LLC purchased a new stake in Salesforce during the fourth quarter worth $27,000. Texas Capital Bancshares Inc TX purchased a new stake in Salesforce during the third quarter worth $28,000. Finally, Dogwood Wealth Management LLC boosted its holdings in Salesforce by 285.7% during the fourth quarter. Dogwood Wealth Management LLC now owns 108 shares of the CRM provider's stock worth $29,000 after buying an additional 80 shares in the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Salesforce news, Director David Blair Kirk purchased 2,570 shares of the firm's stock in a transaction dated Wednesday, March 18th. The shares were purchased at an average cost of $194.62 per share, with a total value of $500,173.40. Following the completion of the purchase, the director owned 13,689 shares in the company, valued at approximately $2,664,153.18. This represents a 23.11% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Laura Alber acquired 2,571 shares of the business's stock in a transaction that occurred on Thursday, March 19th. The shares were purchased at an average price of $194.58 per share, with a total value of $500,265.18. Following the completion of the transaction, the director owned 9,530 shares of the company's stock, valued at $1,854,347.40. The trade was a 36.94% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 3.50% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CRM. Wedbush reissued an "outperform" rating and set a $375.00 price target on shares of Salesforce in a report on Tuesday, February 24th. Stifel Nicolaus lowered their price target on shares of Salesforce from $300.00 to $250.00 and set a "buy" rating on the stock in a report on Thursday, February 26th. Bank of America initiated coverage on shares of Salesforce in a report on Monday, May 18th. They set an "underperform" rating and a $160.00 price objective on the stock. JPMorgan Chase & Co. dropped their target price on shares of Salesforce from $365.00 to $320.00 and set an "overweight" rating on the stock in a research report on Thursday, February 26th. Finally, DA Davidson dropped their target price on shares of Salesforce from $235.00 to $200.00 and set a "neutral" rating on the stock in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $272.73.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce topped Wall Street expectations for Q1, posting EPS of $3.88 and revenue of $11.13 billion, supported by continued adoption of its AI-powered tools and strong double-digit revenue growth. Reuters article
• Positive Sentiment: The company said Agentforce annualized revenue passed the $1 billion mark, reinforcing the case that its AI products are becoming a meaningful growth driver. CNBC article
• Positive Sentiment: Management also raised full-year profit guidance and said it will keep investing in strong products and share buybacks, which may help support shareholder returns. CNBC article
• Neutral Sentiment: CEO Marc Benioff pushed back on fears that AI rivals like OpenAI and Anthropic will disrupt Salesforce, arguing the company’s software remains central to enterprise customers. CNBC article
• Negative Sentiment: Investors were disappointed that revenue guidance for the year came in only slightly below expectations, while backlog metrics also appeared softer than hoped, tempering enthusiasm around the beat. CNBC article
• Negative Sentiment: Salesforce remains weighed down by investor concern that AI could reshape the enterprise software market and pressure long-term growth, keeping the stock volatile despite the quarter’s solid results. Benzinga article

Salesforce Stock Performance

NYSE:CRM opened at $177.86 on Thursday. The company's 50-day moving average price is $181.23 and its 200-day moving average price is $211.16. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. The company has a market cap of $145.53 billion, a P/E ratio of 22.77, a P/E/G ratio of 1.25 and a beta of 1.14. Salesforce Inc. has a twelve month low of $163.52 and a twelve month high of $278.81.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.75. The firm had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.05 billion. Salesforce had a net margin of 17.96% and a return on equity of 15.38%. The company's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the firm posted $2.58 earnings per share. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. On average, sell-side analysts forecast that Salesforce Inc. will post 9.71 earnings per share for the current fiscal year.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.