Capstone Capital Management Ltd Invests $744,000 in Salesforce Inc. $CRM

Capstone Capital Management Ltd bought a new position in shares of Salesforce Inc. (NYSE:CRM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,808 shares of the CRM provider’s stock, valued at approximately $744,000.

Other hedge funds also recently bought and sold shares of the company. Rockland Trust Co. grew its stake in shares of Salesforce by 1,145.6% in the third quarter. Rockland Trust Co. now owns 13,066 shares of the CRM provider’s stock worth $3,097,000 after acquiring an additional 12,017 shares during the last quarter. Alps Advisors Inc. raised its stake in Salesforce by 98.3% during the 3rd quarter. Alps Advisors Inc. now owns 21,455 shares of the CRM provider’s stock valued at $5,085,000 after purchasing an additional 10,633 shares during the last quarter. Midwest Trust Co boosted its holdings in Salesforce by 2.3% in the 3rd quarter. Midwest Trust Co now owns 187,071 shares of the CRM provider’s stock valued at $44,336,000 after purchasing an additional 4,233 shares during the period. Jones Financial Companies Lllp grew its position in Salesforce by 15.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 467,551 shares of the CRM provider’s stock worth $113,420,000 after purchasing an additional 61,270 shares during the last quarter. Finally, AGF Management Ltd. grew its position in Salesforce by 42.2% in the 3rd quarter. AGF Management Ltd. now owns 281,054 shares of the CRM provider’s stock worth $66,610,000 after purchasing an additional 83,403 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

Salesforce Trading Up 3.4%

Shares of CRM opened at $179.39 on Tuesday. The stock has a fifty day moving average price of $183.73 and a two-hundred day moving average price of $214.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market cap of $146.78 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.20 and a beta of 1.14. Salesforce Inc. has a 52-week low of $163.52 and a 52-week high of $289.90.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, February 25th. The CRM provider reported $3.81 earnings per share for the quarter, topping analysts’ consensus estimates of $3.05 by $0.76. Salesforce had a net margin of 17.96% and a return on equity of 15.38%. The company had revenue of $11.20 billion during the quarter, compared to the consensus estimate of $11.18 billion. During the same period in the previous year, the firm posted $2.78 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. Analysts predict that Salesforce Inc. will post 9.71 EPS for the current fiscal year.

Salesforce Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Thursday, April 9th were paid a $0.44 dividend. The ex-dividend date of this dividend 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 yield of 1.0%. Salesforce’s payout ratio is currently 22.54%.

Salesforce declared that its board has authorized a share repurchase plan on Monday, March 16th that allows the company to repurchase $25.00 billion in shares. This repurchase authorization allows the CRM provider to reacquire up to 14.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Salesforce News Summary

Here are the key news stories impacting Salesforce this week:

• Negative Sentiment: Bank of America initiated coverage on Salesforce with an Underperform rating and a $160 price target, implying downside from current levels. The call raised concerns that the company’s AI narrative may be losing momentum and appears to be the most stock-moving headline for CRM today. Benzinga report on Bank of America coverage
• Negative Sentiment: Another market note highlighted Salesforce among software laggards that have been hit by broad sector selling, reinforcing the idea that investors remain cautious on the stock despite AI-related growth potential. Zacks commentary
• Neutral Sentiment: A separate analysis argued that Salesforce may still be attractive versus Oracle because of its steadier growth profile and cheaper valuation, offering a counterpoint to the bearish broker view. Zacks comparison article
• Neutral Sentiment: Salesforce CEO Marc Benioff also continued promoting the company’s AI efforts, saying Slack AI can surface employee concerns and decisions, which supports the long-term AI story but is not an immediate catalyst. Business Insider article
• Positive Sentiment: Salesforce also received a bullish longer-term mention as one of several AI-powered software laggards that could offer short-term upside, suggesting some investors still see value after the selloff. Zacks AI-powered laggards article

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports 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 research note on Monday, February 23rd. DA Davidson decreased their price objective on Salesforce from $235.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. Piper Sandler lowered their price objective on Salesforce from $250.00 to $215.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 target price on shares of Salesforce in a research report on Thursday, February 26th. Finally, Bank of America began coverage on shares of Salesforce in a research note on Monday. They set an “underperform” rating and a $160.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Salesforce currently has an average rating of “Moderate Buy” and an average target price of $274.56.

Insider Transactions at Salesforce

In other Salesforce news, Director Laura Alber purchased 2,571 shares of the stock in a transaction on Thursday, March 19th. The stock was bought at an average cost of $194.58 per share, for a total transaction of $500,265.18. Following the completion of the acquisition, the director directly owned 9,530 shares of the company’s stock, valued at $1,854,347.40. The trade was a 36.94% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Blair Kirk bought 2,570 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were bought at an average price of $194.62 per share, for a total transaction of $500,173.40. Following the completion of the acquisition, the director directly owned 13,689 shares in the company, valued at approximately $2,664,153.18. This trade represents a 23.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.50% of the company’s stock.

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.