Salesforce Inc. $CRM Stock Holdings Lifted by Louisbourg Investments Inc.

Key Points

• Louisbourg Investments increased its Salesforce stake by 38.1% in Q1, buying 14,939 more shares and bringing its total to 54,137 shares worth about $10.1 million.
• Analysts remain broadly positive on Salesforce, with a Moderate Buy consensus and an average target price of $257.61. Recent commentary also highlighted AI momentum and Agentforce as key growth drivers, including a fresh Buy rating from TD Cowen with a $240 target.
• Salesforce reported strong quarterly results, beating EPS and revenue estimates, while also authorizing a $25 billion share repurchase program and maintaining a quarterly dividend of $0.44 per share.

Louisbourg Investments Inc. grew its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 38.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,137 shares of the CRM provider's stock after purchasing an additional 14,939 shares during the quarter. Salesforce makes up approximately 1.8% of Louisbourg Investments Inc.'s holdings, making the stock its 10th biggest position. Louisbourg Investments Inc.'s holdings in Salesforce were worth $10,106,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC grew its position in shares of Salesforce by 13.7% during the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock valued at $8,582,000 after acquiring an additional 3,102 shares during the period. Revolve Wealth Partners LLC raised its holdings in Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock worth $611,000 after purchasing an additional 205 shares during the period. Bison Wealth LLC raised its holdings in Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock worth $747,000 after purchasing an additional 184 shares during the period. Sivia Capital Partners LLC lifted its position in Salesforce by 3.7% during the second quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider's stock valued at $807,000 after purchasing an additional 106 shares in the last quarter. Finally, United Bank lifted its position in Salesforce by 5.2% during the second quarter. United Bank now owns 10,198 shares of the CRM provider's stock valued at $2,781,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 80.43% of the company's stock.

Wall Street Analysts Forecast Growth

CRM has been the subject of a number of analyst reports. Wall Street Zen upgraded Salesforce from a "hold" rating to a "buy" rating in a research report on Saturday, June 6th. Needham & Company LLC reaffirmed a "buy" rating on shares of Salesforce in a research report on Tuesday, June 16th. Northland Securities cut their price objective on Salesforce from $267.00 to $229.00 and set a "market perform" rating for the company in a research note on Tuesday, March 10th. Wells Fargo & Company dropped their price target on shares of Salesforce from $210.00 to $200.00 and set an "equal weight" rating for the company in a research report on Thursday, May 28th. Finally, Citigroup reissued a "market outperform" rating on shares of Salesforce in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $257.61.

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: TD Cowen reiterated a Buy rating and a $240 price target on Salesforce, citing AI momentum and growth tied to Agentforce, which reinforces the bullish long-term case for the stock. TD Cowen Reaffirms Buy Rating on Salesforce (CRM) as AI Momentum and Agentforce Drive Growth
• Positive Sentiment: Coverage of Salesforce’s Agentforce and broader AI strategy suggests the company is still seen as a serious player in enterprise AI, which may help offset fears that legacy software growth is slowing. Salesforce Agentforce: A Comprehensive Enterprise Cheat Sheet and Review
• Neutral Sentiment: Several commentary pieces argue Salesforce has been overly sold off and may be undervalued after its post-earnings decline, but these are more valuation arguments than fresh catalysts. Salesforce: Taking Advantage Of The Market's Misunderstanding Of Enterprise Software
• Neutral Sentiment: Salesforce’s acquisition of m3ter to expand dynamic pricing tools adds to its AI CRM platform, but the immediate stock impact looks limited so far. Salesforce expands AI CRM with acquisition of m3ter for dynamic pricing
• Negative Sentiment: One article notes Salesforce is still down sharply since its last earnings report, reminding investors that sentiment remains fragile despite the recent rebound. Salesforce (CRM) Down 14.8% Since Last Earnings Report: Can It Rebound?
• Negative Sentiment: Another report says Salesforce is trying to defend its AI position with new tools for RIAs, but experts are raising concerns about cost, implementation, and benefits, which could limit enthusiasm. Salesforce tries to catch up on AI -- and halt precipitous stock slide -- with launch of 'Agentic Advisor' for RIAs

Salesforce Trading Up 5.4%

Shares of CRM stock opened at $158.23 on Friday. Salesforce Inc. has a 12-month low of $146.32 and a 12-month high of $276.80. 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 stock's 50-day moving average price is $175.56 and its 200-day moving average price is $201.20. The stock has a market capitalization of $129.59 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 0.99 and a beta of 1.16.

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, topping analysts' consensus estimates of $3.13 by $0.75. The company had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.05 billion. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The firm's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the business earned $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. Equities research analysts predict that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

Salesforce announced that its Board of Directors has initiated a share repurchase plan on Monday, March 16th that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the CRM provider to purchase up to 14.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is 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.

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