Korea Investment CORP Sells 17,198 Shares of Salesforce Inc. $CRM

Korea Investment CORP lowered its position in shares of Salesforce Inc. (NYSE:CRM) by 2.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 712,668 shares of the CRM provider’s stock after selling 17,198 shares during the period. Korea Investment CORP owned about 0.08% of Salesforce worth $188,793,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Public Sector Pension Investment Board grew its position in Salesforce by 40.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 897,917 shares of the CRM provider’s stock worth $212,806,000 after acquiring an additional 260,710 shares during the last quarter. Mmbg Investment Advisors CO. grew its position in Salesforce by 8.2% during the 3rd quarter. Mmbg Investment Advisors CO. now owns 79,627 shares of the CRM provider’s stock worth $18,905,000 after acquiring an additional 6,045 shares during the last quarter. NEOS Investment Management LLC grew its position in Salesforce by 50.0% during the 3rd quarter. NEOS Investment Management LLC now owns 116,874 shares of the CRM provider’s stock worth $27,699,000 after acquiring an additional 38,963 shares during the last quarter. SFE Investment Counsel grew its position in Salesforce by 82.7% during the 4th quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider’s stock worth $4,608,000 after acquiring an additional 7,871 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Salesforce by 8.9% during the 3rd quarter. Van ECK Associates Corp now owns 1,299,513 shares of the CRM provider’s stock worth $307,984,000 after buying an additional 106,107 shares during the period. Institutional investors own 80.43% of the company’s stock.

Key Headlines Impacting Salesforce

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 Buying and Selling

In other Salesforce news, Director David Blair Kirk bought 2,570 shares of the stock in a transaction on Wednesday, March 18th. The stock was acquired at an average cost of $194.62 per share, for a total transaction of $500,173.40. Following the completion of the acquisition, the director owned 13,689 shares in the company, valued at $2,664,153.18. This trade represents a 23.11% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Laura Alber purchased 2,571 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were purchased at an average cost 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 $1,854,347.40. This trade represents a 36.94% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 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 market cap of $136.01 billion, a P/E ratio of 19.22, a PEG ratio of 1.04 and a beta of 1.16. The stock has a 50 day simple moving average of $180.10 and a two-hundred day simple moving average of $206.89. 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 fifty-two week low of $161.40 and a fifty-two week high of $276.80.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates of $3.13 by $0.75. The business had revenue of $11.13 billion during 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 company posted $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. Research analysts forecast that Salesforce Inc. will post 10.29 earnings per share for the current year.

Salesforce declared that its board has authorized a share repurchase program on Monday, March 16th that permits the company to buyback $25.00 billion in outstanding shares. This buyback authorization permits the CRM provider to repurchase up to 14.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th will be 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 is Thursday, June 11th. Salesforce’s payout ratio is presently 20.37%.

Analyst Ratings Changes

CRM has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Salesforce in a report on Tuesday, May 26th. JPMorgan Chase & Co. cut their target price on Salesforce from $365.00 to $320.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 target price on shares of Salesforce in a report on Thursday, February 26th. HSBC lifted their target price on Salesforce from $350.00 to $356.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Finally, Piper Sandler downgraded Salesforce from an “overweight” rating to a “neutral” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $259.26.

Salesforce 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.