Summit Wealth Group LLC Co. Has $463,000 Position in Salesforce Inc. $CRM

Key Points

• Summit Wealth Group sharply cut its Salesforce stake by 87.1% in the fourth quarter, leaving it with 1,749 shares valued at about $463,000.
• Several analysts recently trimmed their price targets on Salesforce, but the stock still carries a “Moderate Buy” consensus rating with a consensus price target of $278.82.
• Salesforce continues to highlight shareholder returns and growth investment, including a $25 billion share buyback, a higher quarterly dividend of $0.44, and strong free cash flow supporting AI initiatives like Agentforce and Data 360.

Summit Wealth Group LLC Co. lowered its position in Salesforce Inc. (NYSE:CRM - Free Report) by 87.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,749 shares of the CRM provider's stock after selling 11,825 shares during the period. Summit Wealth Group LLC Co.'s holdings in Salesforce were worth $463,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CRM. Capital World Investors grew its holdings in Salesforce by 159.0% during 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 last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in Salesforce during the third quarter valued at approximately $484,852,000. Alyeska Investment Group L.P. grew its holdings in Salesforce by 285.4% during the third quarter. Alyeska Investment Group L.P. now owns 2,487,627 shares of the CRM provider's stock valued at $589,568,000 after purchasing an additional 1,842,117 shares during the last quarter. Generation Investment Management LLP acquired a new position in Salesforce during the third quarter valued at approximately $431,157,000. Finally, Capital International Investors grew its holdings in Salesforce by 9.4% during the third quarter. Capital International Investors now owns 20,051,119 shares of the CRM provider's stock valued at $4,753,519,000 after purchasing an additional 1,729,440 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on CRM. Morgan Stanley lowered their price target on Salesforce from $398.00 to $287.00 and set an "overweight" rating on the stock in a report on Monday, February 23rd. Piper Sandler lowered their price target on Salesforce from $250.00 to $215.00 and set an "overweight" rating on the stock in a report on Tuesday, April 14th. Roth Mkm lowered their price target on Salesforce from $395.00 to $325.00 and set a "buy" rating on the stock in a report on Thursday, February 26th. TD Cowen lowered their price target on Salesforce from $325.00 to $250.00 and set a "buy" rating on the stock in a report on Thursday, February 26th. Finally, DA Davidson lowered their price target on Salesforce from $235.00 to $200.00 and set a "neutral" rating on the stock in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Salesforce presently has a consensus rating of "Moderate Buy" and a consensus price target of $278.82.

Insider Buying and Selling at Salesforce

In related news, Director Laura Alber acquired 2,571 shares of the stock in a transaction dated Thursday, March 19th. The shares were acquired at an average price of $194.58 per share, for a total transaction of $500,265.18. Following the completion of the purchase, the director owned 9,530 shares in the company, valued at approximately $1,854,347.40. The trade was a 36.94% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Blair Kirk bought 2,570 shares of Salesforce stock in a transaction that occurred on 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 transaction, the director owned 13,689 shares of the company's stock, valued at $2,664,153.18. This trade represents a 23.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 3.00% of the company's stock.

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce’s strong free cash flow remains a key support for the stock, with roughly $14.4 billion generated in fiscal 2026 and substantial capital available for shareholder returns and AI initiatives such as Agentforce and Data 360.
• Positive Sentiment: Brokerage sentiment remains constructive overall, with analysts assigning Salesforce an average rating of “Moderate Buy,” which can help offset some near-term weakness.
• Neutral Sentiment: Citigroup cut its price target on Salesforce to $188 from $200 while keeping a neutral rating, signaling tempered expectations rather than a major deterioration in the company’s outlook. Salesforce NYSE: CRM Given New $188.00 Price Target at Citigroup
• Neutral Sentiment: Wells Fargo reiterated its hold rating on Salesforce, reinforcing the view that analysts see the stock as fairly valued after recent gains. Wells Fargo Sticks to Its Hold Rating for Salesforce (CRM)
• Negative Sentiment: Salesforce has been slipping more than the broader market in recent sessions, reflecting investor caution and some profit-taking after the stock’s recent rally. Salesforce (CRM) Dips More Than Broader Market: What You Should Know

Salesforce Trading Down 3.1%

Shares of Salesforce stock opened at $165.96 on Thursday. The company's fifty day simple moving average is $185.13 and its 200-day simple moving average is $216.56. The company has a market cap of $135.79 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 1.19 and a beta of 1.14. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. Salesforce Inc. has a 1 year low of $163.52 and a 1 year high of $296.05.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The CRM provider reported $3.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.05 by $0.76. The business had revenue of $11.20 billion for the quarter, compared to the consensus estimate of $11.18 billion. Salesforce had a net margin of 17.96% and a return on equity of 15.38%. Salesforce's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company posted $2.78 earnings per share. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. As a group, sell-side analysts expect that Salesforce Inc. will post 9.71 EPS for the current year.

Salesforce Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Thursday, April 9th were paid a $0.44 dividend. The ex-dividend date was Thursday, April 9th. This is a positive change from Salesforce's previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. Salesforce's dividend payout ratio is 22.54%.

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