Salesforce Inc. $CRM Shares Sold by Evelyn Partners Investment Management Europe Ltd

Key Points

• Evelyn Partners Investment Management Europe Ltd reduced its Salesforce stake by 61.2% in the first quarter, selling 3,047 shares and retaining 1,930 shares valued at approximately $360,000. Institutional investors collectively own 80.43% of Salesforce.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $249.51, although several firms recently lowered their targets or downgraded the stock.
• Salesforce reported stronger-than-expected quarterly results, including $3.88 in earnings per share and $11.13 billion in revenue, with revenue rising 13.3% year over year. The company also paid a quarterly dividend of $0.44 per share, equal to a 1.0% annualized yield.

Evelyn Partners Investment Management Europe Ltd cut its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 61.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,930 shares of the CRM provider's stock after selling 3,047 shares during the quarter. Evelyn Partners Investment Management Europe Ltd's holdings in Salesforce were worth $360,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CRM. Commonwealth Retirement Investments LLC purchased a new stake in shares of Salesforce in the fourth quarter valued at approximately $25,000. Key Capital Management INC purchased a new position in Salesforce during the fourth quarter worth approximately $26,000. Gilpin Wealth Management LLC acquired a new position in Salesforce during the fourth quarter worth $26,000. Legacy Bridge LLC acquired a new position in Salesforce during the fourth quarter worth $27,000. Finally, Texas Capital Bancshares Inc TX purchased a new stake in Salesforce in the 3rd quarter valued at $28,000. Hedge funds and other institutional investors own 80.43% of the company's stock.

Analyst Ratings Changes

CRM has been the subject of a number of recent research reports. Macquarie Infrastructure cut their target price on Salesforce from $200.00 to $190.00 and set a "neutral" rating for the company in a research note on Thursday, May 28th. Phillip Securities lowered shares of Salesforce from a "buy" rating to a "hold" rating and dropped their price objective for the company from $253.00 to $166.00 in a report on Monday, June 29th. Monness Crespi & Hardt raised shares of Salesforce from a "neutral" rating to a "buy" rating and set a $200.00 target price on the stock in a research note on Thursday, June 18th. Wolfe Research lowered shares of Salesforce from an "outperform" rating to a "hold" rating in a report on Wednesday, July 1st. Finally, Citizens Jmp reissued a "market outperform" rating and issued a $315.00 price target on shares of Salesforce in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $249.51.

Salesforce Stock Up 5.9%

Shares of NYSE:CRM opened at $173.34 on Tuesday. The business has a 50-day moving average price of $169.96 and a 200 day moving average price of $186.68. 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 company has a market capitalization of $141.96 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 0.88 and a beta of 1.18. Salesforce Inc. has a 12-month low of $146.32 and a 12-month high of $274.00.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, beating analysts' consensus estimates of $3.13 by $0.75. The company had revenue of $11.13 billion for 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%. Salesforce's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Sell-side analysts expect that Salesforce Inc. will post 10.29 EPS for the current year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, June 11th. Salesforce's dividend payout ratio is currently 20.37%.

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce’s latest quarterly results exceeded expectations, with adjusted earnings of $3.88 per share versus the $3.13 consensus and revenue of $11.13 billion versus $11.05 billion expected. Revenue increased 13.3% year over year, reinforcing confidence in the company’s execution and AI-related growth strategy. Why Did Salesforce Lead Index Gainers After Its Earnings Move?
• Positive Sentiment: The U.S. Department of Veterans Affairs awarded Salesforce, through its distribution network, a three-year Agentic Enterprise License Agreement with a potential value of $1.60 billion. The deal could expand use of Missionforce, Agentforce, Slack, MuleSoft, Tableau and Data 360 across a healthcare network serving approximately 17 million veterans, strengthening Salesforce’s government-cloud and AI-agent credentials. Salesforce’s $1.6 Billion VA AI Deal
• Positive Sentiment: Salesforce participated in a broader rebound among enterprise-software stocks as investors rotated toward AI beneficiaries. The sector move provided additional momentum for CRM, alongside gains in ServiceNow and Workday. Software Rebounds on AI Rotation
• Positive Sentiment: Analysts maintain a consensus “Moderate Buy” rating, while valuation-focused coverage highlights Salesforce as a potential long-term growth stock based on its recurring-revenue model, profitability and AI initiatives. Salesforce Receives Moderate Buy Rating
• Neutral Sentiment: Investors are also focused on the quarterly earnings outlook and whether Agentforce and other AI products can translate into accelerating growth. Expectations are elevated ahead of results, making future guidance important for sustaining the rally. Salesforce’s Quarterly Earnings Preview
• Neutral Sentiment: Comparisons with SAP and ServiceNow emphasize Salesforce’s competitive position in agentic AI, but also underscore ongoing investor concerns about intense competition and the pace of monetization. Salesforce vs. ServiceNow

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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