Triglav Investments D.O.O. Sells 63,933 Shares of Salesforce Inc. $CRM

Key Points

• Triglav Investments D.O.O. cut its Salesforce stake by 92.7% in the first quarter, selling 63,933 shares and leaving it with 5,000 shares valued at about $933,000.
• Wall Street remains largely constructive on Salesforce: analysts’ consensus rating is Moderate Buy with an average price target of $254.42, though some firms have turned more cautious or bearish.
• Salesforce reported strong quarterly results, beating EPS and revenue expectations, while also backing shareholder returns through a $25 billion buyback program and a quarterly dividend.

Triglav Investments D.O.O. trimmed its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 92.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,000 shares of the CRM provider's stock after selling 63,933 shares during the period. Triglav Investments D.O.O.'s holdings in Salesforce were worth $933,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Byrne Asset Management LLC boosted its position in Salesforce by 1.0% during the 4th quarter. Byrne Asset Management LLC now owns 4,331 shares of the CRM provider's stock valued at $1,147,000 after acquiring an additional 43 shares in the last quarter. Fred Alger Management LLC grew its holdings in shares of Salesforce by 0.3% during the 3rd quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider's stock worth $3,548,000 after acquiring an additional 45 shares during the period. Fulcrum Asset Management LLP raised its position in shares of Salesforce by 1.7% in the 3rd quarter. Fulcrum Asset Management LLP now owns 2,774 shares of the CRM provider's stock worth $657,000 after acquiring an additional 46 shares in the last quarter. Pine Haven Investment Counsel Inc lifted its stake in shares of Salesforce by 1.5% in the 4th quarter. Pine Haven Investment Counsel Inc now owns 3,152 shares of the CRM provider's stock valued at $835,000 after purchasing an additional 46 shares during the period. Finally, Richards Merrill & Peterson Inc. lifted its stake in shares of Salesforce by 1.1% in the 4th quarter. Richards Merrill & Peterson Inc. now owns 4,239 shares of the CRM provider's stock valued at $1,123,000 after purchasing an additional 46 shares during the period. Institutional investors own 80.43% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CRM. BTIG Research reaffirmed a "buy" rating and issued a $255.00 price target on shares of Salesforce in a research note on Tuesday, May 26th. Bank of America started coverage on Salesforce in a research report on Monday, May 18th. They set an "underperform" rating and a $160.00 price objective for the company. Wedbush began coverage on shares of Salesforce in a report on Wednesday, July 1st. They set an "outperform" rating on the stock. Jefferies Financial Group upgraded shares of Salesforce from a "buy" rating to a "buy" rating in a research note on Wednesday, July 1st. Finally, The Goldman Sachs Group began coverage on shares of Salesforce in a research report on Thursday, June 18th. They set a "neutral" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $254.42.

Salesforce News Summary

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce announced a $1 billion investment in Switzerland over five years to expand adoption of agentic AI, reinforcing its commitment to AI-led growth and potentially strengthening its international enterprise relationships.
• Positive Sentiment: A bullish deep-dive argued Salesforce is trading at a depressed valuation, with strong free-cash-flow generation and a large debt-funded buyback that reduced share count by more than 10%, signaling management confidence in the business.
• Neutral Sentiment: Salesforce also unveiled MCP-powered capabilities for Slackbot, which could improve product usefulness and customer engagement, but the market may need proof that these features translate into faster growth.
• Neutral Sentiment: Triveni Power Transmission’s partnership with Salesforce for customer engagement in manufacturing adds another example of industry adoption, though the near-term financial impact appears limited.
• Negative Sentiment: KeyBanc’s downgrade and slightly lower earnings forecast added to investor skepticism that Agentforce will become a major growth catalyst soon.
• Negative Sentiment: Several market commentaries highlighted that CRM has been a weak performer over the past year, and the recent pullback suggests investors remain cautious despite its lower valuation.

Salesforce Stock Performance

Shares of CRM stock opened at $163.34 on Monday. Salesforce Inc. has a one year low of $146.32 and a one year high of $274.00. The company's 50-day moving average is $171.89 and its 200 day moving average is $194.02. The company has a market capitalization of $133.77 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, beating analysts' consensus estimates of $3.13 by $0.75. The business had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. Salesforce's revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business earned $2.58 EPS. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Sell-side analysts expect that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce Announces Dividend

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

Salesforce announced that its board has approved a share buyback program on Monday, March 16th that allows the company to repurchase $25.00 billion in shares. This repurchase authorization allows the CRM provider to buy up to 14.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management 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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