Salesforce Inc. $CRM Stock: EULAV Asset Management Decreases Stake

Key Points

• EULAV Asset Management cut its Salesforce stake by 5.6% in the third quarter, selling 3,996 shares and retaining 67,022 shares valued at approximately $15.4 million.
• Salesforce reported quarterly earnings of $5.90 per share, well above the $3.27 analyst consensus, while revenue reached $11.35 billion, up 10.8% year over year. The company also declared a quarterly dividend of $0.44 per share.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $278.98 versus the reported share price of $248.79; investors are also weighing the potential benefits and integration risks of Salesforce’s $5.66 billion Braze acquisition.

EULAV Asset Management decreased its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 5.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,022 shares of the CRM provider's stock after selling 3,996 shares during the quarter. EULAV Asset Management's holdings in Salesforce were worth $15,386,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Salesforce during the 2nd quarter valued at $11,396,844,000. Bank of America Corp DE bought a new position in Salesforce in the 2nd quarter worth $1,914,086,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Salesforce by 130.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider's stock worth $2,363,096,000 after purchasing an additional 7,160,302 shares during the period. Legal & General Group Plc purchased a new stake in shares of Salesforce in the 2nd quarter worth about $927,332,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Salesforce in the 2nd quarter worth about $844,928,000. Institutional investors own 80.43% of the company's stock.

Salesforce Stock Performance

Shares of Salesforce stock opened at $248.79 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $204.76 billion, a P/E ratio of 22.68, a P/E/G ratio of 1.13 and a beta of 1.26. The business has a fifty day simple moving average of $236.30 and a two-hundred day simple moving average of $196.97. Salesforce Inc. has a 12 month low of $146.32 and a 12 month high of $269.11.

Salesforce (NYSE:CRM - Get Free Report) last announced its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, beating analysts' consensus estimates of $3.27 by $2.63. The firm had revenue of $11.35 billion for the quarter, compared to analysts' expectations of $11.33 billion. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The company's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.91 EPS. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. On average, equities analysts forecast that Salesforce Inc. will post 12.82 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, September 17th. Salesforce's dividend payout ratio (DPR) is 16.04%.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce’s AI products are reportedly growing at triple-digit rates, while its Agentforce platform and more than $14 billion in annual free cash flow could support profitable expansion. The company’s valuation may look attractive if AI adoption accelerates. Salesforce Is Betting Big on AI. The Payoff Could Be Bigger Than Investors Expect
• Positive Sentiment: Cantor Fitzgerald reaffirmed an “Overweight” rating, indicating continued confidence in Salesforce’s growth outlook and AI transition. Salesforce Stock Rating Reaffirmed as Overweight
• Positive Sentiment: The $5.66 billion Braze purchase could expand Salesforce’s customer-engagement capabilities and strengthen its push from AI defense toward a broader autonomous-agent strategy. Salesforce’s $5.6B Braze Buyout
• Neutral Sentiment: Investor comparisons with Adobe, Arista Networks and Snowflake highlight Salesforce’s CRM leadership, focus on profitable growth and AI-agent pivot, but do not represent new company-specific developments. Salesforce vs. Snowflake
• Negative Sentiment: Investors may be concerned that the Braze acquisition’s $5.66 billion price will increase integration risk and pressure near-term returns. Questions about contracts, pricing and customer impact could temper enthusiasm for the deal. Salesforce to Buy Braze for $5.66B

Insider Activity

In other Salesforce news, Director Craig Conway sold 4,500 shares of the firm's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the completion of the transaction, the director owned 5,437 shares of the company's stock, valued at approximately $1,416,936.57. This trade represents a 45.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Blair Kirk bought 4,176 shares of the firm's stock in a transaction on Friday, September 18th. The shares were acquired at an average cost of $239.33 per share, with a total value of $999,442.08. Following the purchase, the director directly owned 18,748 shares of the company's stock, valued at approximately $4,486,958.84. This represents a 28.66% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 3.50% of the company's stock.

Analysts Set New Price Targets

CRM has been the topic of several research analyst reports. Morgan Stanley set a $315.00 price target on shares of Salesforce in a research report on Wednesday, September 2nd. Oppenheimer reissued an "outperform" rating on shares of Salesforce in a research note on Thursday, September 17th. DA Davidson raised their price objective on shares of Salesforce from $225.00 to $250.00 and gave the stock a "neutral" rating in a report on Wednesday. Phillip Securities lowered shares of Salesforce from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $253.00 to $166.00 in a report on Monday, June 29th. Finally, Needham & Company LLC reaffirmed a "buy" rating on shares of Salesforce in a research report on Thursday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, Salesforce presently has a consensus rating of "Moderate Buy" and an average target price of $278.98.

Salesforce Company Profile

Salesforce, Inc NYSE: CRM is a global enterprise software company that provides cloud-based customer relationship management (CRM) technology. Its platform helps organizations manage sales, customer service, marketing, commerce, data, analytics and interactions with customers across digital and traditional channels.

The company's products include Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud and Data Cloud. Salesforce also offers Tableau for data visualization and analytics, MuleSoft for application integration, and Slack for workplace collaboration.

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