Salesforce Inc. $CRM Shares Sold by Public Employees Retirement Association of Colorado

Key Points

• Public Employees Retirement Association of Colorado trimmed its Salesforce stake by 1.6% in the fourth quarter, though it still owned 920,905 shares worth about $243.96 million as of its latest filing.
• Salesforce reported a strong quarter, with revenue of $11.13 billion and EPS of $3.88, both above expectations. The company also highlighted AI momentum, including AI/data ARR of $3.4 billion and Agentforce ARR of $1.2 billion.
• Despite solid fundamentals and a $25 billion share repurchase program, CRM shares have been under pressure and recently traded near their 52-week low. Analysts remain generally constructive, with a Moderate Buy consensus and an average price target of $259.26.

Public Employees Retirement Association of Colorado decreased its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 920,905 shares of the CRM provider's stock after selling 15,219 shares during the quarter. Salesforce makes up 0.9% of Public Employees Retirement Association of Colorado's holdings, making the stock its 19th biggest position. Public Employees Retirement Association of Colorado owned about 0.10% of Salesforce worth $243,957,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of CRM. Norges Bank acquired a new stake in shares of Salesforce in the fourth quarter valued at about $3,182,951,000. Capital World Investors grew its position in shares of Salesforce by 159.0% in the third quarter. Capital World Investors now owns 17,325,206 shares of the CRM provider's stock valued at $4,106,255,000 after purchasing an additional 10,636,161 shares during the period. Cardano Risk Management B.V. grew its position in shares of Salesforce by 924.7% in the fourth quarter. Cardano Risk Management B.V. now owns 3,883,610 shares of the CRM provider's stock valued at $1,028,807,000 after purchasing an additional 3,504,605 shares during the period. Capital International Investors grew its position in shares of Salesforce by 13.3% in the fourth quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider's stock valued at $6,019,199,000 after purchasing an additional 2,669,891 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Salesforce in the third quarter valued at about $484,852,000. Institutional investors and hedge funds own 80.43% of the company's stock.

Salesforce News Summary

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

Salesforce Stock Performance

NYSE:CRM opened at $166.07 on Monday. The company's 50-day moving average price is $180.10 and its 200-day moving average price is $206.75. 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 cap of $136.01 billion, a P/E ratio of 19.22, a P/E/G ratio of 1.03 and a beta of 1.16. Salesforce Inc. has a twelve month low of $161.40 and a twelve month high of $276.80.

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 18.73% and a return on equity of 18.72%. 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 10.29 earnings per share for the current fiscal year.

Salesforce declared that its Board of Directors has approved a stock repurchase program on Monday, March 16th that authorizes the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization authorizes the CRM provider to repurchase up to 14.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

Salesforce Dividend Announcement

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

Insider Activity

In other news, Director David Blair Kirk bought 2,570 shares of the firm's stock in a transaction on Wednesday, March 18th. The shares were bought at an average cost of $194.62 per share, for a total transaction of $500,173.40. Following the acquisition, the director directly owned 13,689 shares of the company's stock, valued at $2,664,153.18. This trade represents a 23.11% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Laura Alber bought 2,571 shares of the firm's stock in a transaction on Thursday, March 19th. The stock was purchased at an average price of $194.58 per share, for a total transaction of $500,265.18. Following the completion of the acquisition, the director directly owned 9,530 shares in the company, valued at $1,854,347.40. The trade was a 36.94% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CRM shares. Northland Securities dropped their target price on shares of Salesforce from $267.00 to $229.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 10th. DA Davidson decreased their price target on shares of Salesforce from $200.00 to $175.00 and set a "neutral" rating on the stock in a research note on Thursday, May 28th. BTIG Research reissued a "buy" rating and issued a $255.00 price target on shares of Salesforce in a research note on Tuesday, May 26th. B. Riley Financial raised their price target on shares of Salesforce from $205.00 to $240.00 and gave the stock a "buy" rating in a research note on Thursday, May 28th. Finally, Wall Street Zen raised shares of Salesforce from a "hold" rating to a "buy" rating in a research note on Saturday, June 6th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $259.26.

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.

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