Checchi Capital Advisers LLC Increases Position in Salesforce Inc. $CRM

Checchi Capital Advisers LLC increased its stake in shares of Salesforce Inc. (NYSE:CRM) by 42.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 20,156 shares of the CRM provider’s stock after acquiring an additional 6,000 shares during the period. Checchi Capital Advisers LLC’s holdings in Salesforce were worth $3,762,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. J. Stern & Co. LLP lifted its position in Salesforce by 24,056.7% during the 4th quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock worth $12,552,896,000 after acquiring an additional 47,189,352 shares during the period. Norges Bank acquired a new position in shares of Salesforce in the fourth quarter valued at approximately $3,182,951,000. Cardano Risk Management B.V. raised its stake in shares of Salesforce by 924.7% during the fourth quarter. Cardano Risk Management B.V. now owns 3,883,610 shares of the CRM provider’s stock worth $1,028,807,000 after purchasing an additional 3,504,605 shares during the last quarter. Capital International Investors raised its stake in shares of Salesforce by 13.3% during the fourth quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider’s stock worth $6,019,199,000 after purchasing an additional 2,669,891 shares during the last quarter. Finally, Capital World Investors lifted its holdings in shares of Salesforce by 13.5% during the fourth quarter. Capital World Investors now owns 19,672,684 shares of the CRM provider’s stock worth $5,211,515,000 after purchasing an additional 2,347,478 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Performance

CRM opened at $167.55 on Wednesday. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $274.00. The stock has a market cap of $137.23 billion, a P/E ratio of 19.39, a P/E/G ratio of 0.92 and a beta of 1.18. The stock’s 50 day simple moving average is $171.40 and its 200 day simple moving average is $192.68. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79.

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 the consensus estimate of $3.13 by $0.75. The firm had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.05 billion. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.Salesforce’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm 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. As a group, equities analysts anticipate that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were paid 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 of this dividend was Thursday, June 11th. Salesforce’s payout ratio is 20.37%.

Salesforce News Roundup

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Jim Cramer urged investors to stick with Salesforce despite bearish analyst views, which may help support sentiment around the stock. Jim Cramer Urges to Stick With Salesforce Inc. (CRM) Despite Analyst Bearishness
• Positive Sentiment: Several bullish articles argue Salesforce is undervalued relative to its growth prospects, especially as investors rotate toward cheaper earnings-growth names. Earnings season plays: Profit expectations are growing for these stocks while their valuations get cheaper
• Positive Sentiment: Salesforce’s U.S. Air Force fleet-management deal highlights expanding government adoption of its Missionforce platform and strengthens the AI/logistics growth story. How a Major U.S. Air Force Fleet Deal At Salesforce (CRM) Has Changed Its Investment Story
• Positive Sentiment: Commentary from 247WallSt says Salesforce’s agentic AI opportunities could be overlooked by the market, framing the stock as a buy at current levels. Ignore Wall Street and Buy Salesforce for its Agentic AI
• Neutral Sentiment: Another 247WallSt piece compares Salesforce favorably with Palantir and argues the market may be overlooking its value, reinforcing the same bullish valuation narrative. Forget Palantir as It Bounces Back and Get in Salesforce Before Wall Street Wakes Up to Real Value
• Neutral Sentiment: Motley Fool suggested Salesforce could be undervalued if pending acquisitions help solve its growth slowdown, but the article is still more speculative than concrete. Salesforce Could Be Undervalued if This Acquisition Solves Its Biggest Growth Problem
• Negative Sentiment: KeyCorp’s Q1 earnings forecast note suggests analysts are still modeling the business closely, which can keep attention on whether Salesforce can meet elevated expectations. Q1 Earnings Forecast for Salesforce Issued By KeyCorp

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wedbush assumed coverage on shares of Salesforce in a research note on Wednesday, July 1st. They issued an “outperform” rating on the stock. DA Davidson lowered their target price on shares of Salesforce from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Thursday, May 28th. Guggenheim upgraded shares of Salesforce from a “neutral” rating to a “buy” rating and set a $228.00 price target on the stock in a research note on Wednesday, July 1st. Barclays raised shares of Salesforce from an “overweight” rating to an “overweight” rating in a report on Thursday, June 18th. Finally, Weiss Ratings raised Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $254.42.

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.