Salesforce Inc. $CRM Shares Sold by Glenview Trust Co

Key Points

• Glenview Trust Co cut its Salesforce stake by 18.1% in the fourth quarter, selling 21,528 shares and ending with 97,498 shares valued at about $25.8 million.
• Salesforce reported a strong latest quarter, with EPS of $3.81 versus the $3.05 estimate and revenue up 12.1% year over year to $11.2 billion. The company also issued FY2027 guidance and authorized a $25 billion share buyback.
• Sentiment around the stock remains mixed: some analysts see meaningful upside tied to AI and enterprise software demand, while others are cautious about a soft spending backdrop and maintain lower price targets or underperform ratings.

Glenview Trust Co decreased its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 18.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,498 shares of the CRM provider's stock after selling 21,528 shares during the quarter. Glenview Trust Co's holdings in Salesforce were worth $25,828,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Rockland Trust Co. grew its stake in shares of Salesforce by 1,145.6% in the third quarter. Rockland Trust Co. now owns 13,066 shares of the CRM provider's stock valued at $3,097,000 after buying an additional 12,017 shares in the last quarter. Alps Advisors Inc. grew its stake in shares of Salesforce by 98.3% in the third quarter. Alps Advisors Inc. now owns 21,455 shares of the CRM provider's stock valued at $5,085,000 after buying an additional 10,633 shares in the last quarter. Midwest Trust Co grew its stake in shares of Salesforce by 2.3% in the third quarter. Midwest Trust Co now owns 187,071 shares of the CRM provider's stock valued at $44,336,000 after buying an additional 4,233 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Salesforce by 15.1% in the third quarter. Jones Financial Companies Lllp now owns 467,551 shares of the CRM provider's stock valued at $113,420,000 after buying an additional 61,270 shares in the last quarter. Finally, AGF Management Ltd. grew its stake in shares of Salesforce by 42.2% in the third quarter. AGF Management Ltd. now owns 281,054 shares of the CRM provider's stock valued at $66,610,000 after buying an additional 83,403 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce announced an expanded collaboration with Cint to deliver next-generation AI-powered support through Slack, reinforcing the company’s push into agentic enterprise workflows and AI-driven automation. Cint and Salesforce to Deliver the Next Generation of AI-Powered Support
• Positive Sentiment: Several analyst- and media-driven pieces highlighted Salesforce as an attractive AI and software value play, with commentary pointing to strong upside potential and expectations that Q1 results may benefit from continued digital transformation and generative AI adoption. Salesforce Likely to Beat Q1 Earnings Estimates: Time to Buy the Stock?
• Positive Sentiment: Wall Street price-target articles continue to suggest meaningful upside for CRM, with analysts’ average target implying a large gain from current levels and some firms still keeping bullish ratings. Does Salesforce (CRM) Have the Potential to Rally 53.21% as Wall Street Analysts Expect?
• Neutral Sentiment: Salesforce granted 64,296 RSUs to 27 employees tied to the Cimulate acquisition; this is routine retention-related equity compensation and is not likely to materially move the stock on its own. Salesforce Grants Equity Awards to Cimulate Under Its Inducement Equity Incentive Plan
• Neutral Sentiment: Investors are also focused on Salesforce’s upcoming earnings release and expected post-earnings volatility, which adds uncertainty but no clear directional catalyst yet. Here's How Much Traders Expect Salesforce Stock Could Move After Earnings
• Negative Sentiment: UBS flagged a mixed enterprise software spending backdrop and said it sees limited signs of near-term acceleration in bookings, which may be weighing on sentiment into earnings. Salesforce faces tough enterprise software backdrop heading into earnings, says UBS
• Negative Sentiment: Bank of America reiterated an Underperform rating with a $160 target, signaling that some analysts remain cautious on the stock despite Salesforce’s strong market position. BofA Maintains Underperform Rating on Salesforce (CRM)

Salesforce Stock Up 0.1%

Salesforce stock opened at $180.32 on Monday. Salesforce Inc. has a fifty-two week low of $163.52 and a fifty-two week high of $280.74. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $147.54 billion, a P/E ratio of 23.09, a PEG ratio of 1.25 and a beta of 1.14. The stock has a 50-day simple moving average of $182.26 and a 200-day simple moving average of $212.64.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, February 25th. The CRM provider reported $3.81 earnings per share for the quarter, beating the consensus estimate of $3.05 by $0.76. Salesforce had a return on equity of 15.38% and a net margin of 17.96%.The business had revenue of $11.20 billion during the quarter, compared to the consensus estimate of $11.18 billion. During the same period in the previous year, the business earned $2.78 EPS. The business's quarterly revenue 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. Equities research analysts expect that Salesforce Inc. will post 9.71 earnings per share for the current year.

Salesforce announced that its board has approved a stock buyback plan on Monday, March 16th that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the CRM provider to purchase up to 14.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CRM shares. Stifel Nicolaus dropped their price objective on Salesforce from $300.00 to $250.00 and set a "buy" rating for the company in a research note on Thursday, February 26th. Oppenheimer decreased their target price on Salesforce from $275.00 to $250.00 and set an "outperform" rating for the company in a report on Thursday, February 26th. Roth Mkm decreased their target price on Salesforce from $395.00 to $325.00 and set a "buy" rating for the company in a report on Thursday, February 26th. JPMorgan Chase & Co. decreased their target price on Salesforce from $365.00 to $320.00 and set an "overweight" rating for the company in a report on Thursday, February 26th. Finally, DA Davidson decreased their target price on Salesforce from $235.00 to $200.00 and set a "neutral" rating for the company in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $274.12.

Insider Activity

In other news, Director Laura Alber bought 2,571 shares of Salesforce stock in a transaction dated Thursday, March 19th. The stock was acquired at an average cost of $194.58 per share, with a total value of $500,265.18. Following the acquisition, the director owned 9,530 shares of the company's stock, valued at approximately $1,854,347.40. This trade represents a 36.94% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Blair Kirk bought 2,570 shares of Salesforce stock in a transaction dated Wednesday, March 18th. The stock was purchased at an average cost 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 in the company, valued at approximately $2,664,153.18. The trade was a 23.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.50% of the stock is currently owned by insiders.

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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