Wealthspire Advisors LLC Buys 32,997 Shares of Salesforce Inc. $CRM

Wealthspire Advisors LLC lifted its stake in Salesforce Inc. (NYSE:CRM) by 413.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 40,984 shares of the CRM provider’s stock after purchasing an additional 32,997 shares during the period. Wealthspire Advisors LLC’s holdings in Salesforce were worth $10,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Commonwealth Retirement Investments LLC bought a new position in shares of Salesforce in the fourth quarter worth $25,000. Board of the Pension Protection Fund bought a new position in shares of Salesforce in the fourth quarter worth $26,000. Key Capital Management INC bought a new position in shares of Salesforce in the fourth quarter worth $26,000. Gilpin Wealth Management LLC bought a new position in shares of Salesforce in the fourth quarter worth $26,000. Finally, Legacy Bridge LLC bought a new position in shares of Salesforce in the fourth quarter worth $27,000. 80.43% of the stock is owned by institutional investors.

More Salesforce News

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

Insider Transactions at Salesforce

In other news, Director Laura Alber purchased 2,571 shares of the stock in a transaction on 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 transaction, the director directly owned 9,530 shares of the company’s stock, valued at approximately $1,854,347.40. This trade represents a 36.94% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director David Blair Kirk purchased 2,570 shares of the stock in a transaction on Wednesday, March 18th. The shares were purchased at an average price of $194.62 per share, for a total transaction of $500,173.40. Following the transaction, the director directly owned 13,689 shares of the company’s stock, valued at approximately $2,664,153.18. This represents a 23.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 3.50% of the company’s stock.

Salesforce Trading Down 0.2%

Shares of CRM stock opened at $166.07 on Friday. 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 Inc. has a 52-week low of $161.40 and a 52-week high of $276.80. The company has a market capitalization of $136.01 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 1.04 and a beta of 1.16. The business’s fifty day moving average is $180.10 and its 200 day moving average is $206.89.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The company had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter last year, the business posted $2.58 earnings per share. The firm’s revenue was up 13.3% compared to the same quarter last year. 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, equities research analysts anticipate that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce announced that its board has authorized a share buyback plan on Monday, March 16th that permits the company to buyback $25.00 billion in outstanding shares. This buyback authorization permits the CRM provider to reacquire up to 14.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. Salesforce’s dividend payout ratio (DPR) is presently 20.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CRM shares. Morgan Stanley cut their price target on Salesforce from $398.00 to $287.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Piper Sandler downgraded Salesforce from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 28th. Wedbush reiterated an “outperform” rating and issued a $325.00 price objective on shares of Salesforce in a research report on Thursday, May 28th. Weiss Ratings upgraded Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, June 3rd. Finally, Barclays lowered their price objective on Salesforce from $252.00 to $236.00 and set an “overweight” rating on the stock in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $259.26.

About Salesforce

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.