Legal & General Group Plc decreased its position in Salesforce Inc. (NYSE:CRM – Free Report) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,559,371 shares of the CRM provider’s stock after selling 31,749 shares during the period. Legal & General Group Plc owned approximately 0.70% of Salesforce worth $1,737,643,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. Main Street Research LLC boosted its stake in Salesforce by 152.7% in the 4th quarter. Main Street Research LLC now owns 6,364 shares of the CRM provider’s stock worth $1,689,000 after purchasing an additional 3,846 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in Salesforce by 16.8% in the 4th quarter. HBK Sorce Advisory LLC now owns 5,753 shares of the CRM provider’s stock worth $1,524,000 after purchasing an additional 828 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Salesforce by 19.3% in the 4th quarter. Hantz Financial Services Inc. now owns 39,619 shares of the CRM provider’s stock worth $10,496,000 after purchasing an additional 6,415 shares in the last quarter. Wealthquest Corp purchased a new position in Salesforce in the 4th quarter worth about $238,000. Finally, Summit Asset Management LLC raised its position in Salesforce by 36.5% in the 4th quarter. Summit Asset Management LLC now owns 1,211 shares of the CRM provider’s stock worth $321,000 after buying an additional 324 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.
Insider Activity
In other Salesforce news, Director David Blair Kirk purchased 2,570 shares of Salesforce stock in a transaction dated Wednesday, March 18th. The stock was purchased at an average price of $194.62 per share, with a total value of $500,173.40. Following the transaction, the director directly owned 13,689 shares of the company’s stock, valued at $2,664,153.18. This trade represents a 23.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Laura Alber purchased 2,571 shares of Salesforce stock in a transaction dated Thursday, March 19th. The shares were acquired at an average cost of $194.58 per share, with a total value of $500,265.18. Following the transaction, the director directly owned 9,530 shares in the company, valued at approximately $1,854,347.40. The trade was a 36.94% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.50% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on CRM
Salesforce Price Performance
NYSE CRM opened at $180.32 on Monday. Salesforce Inc. has a 52 week low of $163.52 and a 52 week high of $280.74. The firm has a market capitalization of $147.54 billion, a P/E ratio of 23.09, a PEG ratio of 1.25 and a beta of 1.14. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $182.26 and a 200-day moving average price of $212.64.
Salesforce (NYSE:CRM – Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The CRM provider reported $3.81 EPS for the quarter, beating the consensus estimate of $3.05 by $0.76. Salesforce had a net margin of 17.96% and a return on equity of 15.38%. The firm had revenue of $11.20 billion during the quarter, compared to analyst estimates of $11.18 billion. During the same quarter in the prior year, the firm earned $2.78 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. Equities research analysts anticipate that Salesforce Inc. will post 9.71 earnings per share for the current year.
Salesforce announced that its board has approved a stock buyback plan on Monday, March 16th that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the CRM provider to buy up to 14.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.
Salesforce News Summary
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment: Salesforce announced an expanded collaboration with Cint to deliver next-generation AI-powered support through Slack, reinforcing the company’s push into agentic enterprise workflows and AI-driven automation. Cint and Salesforce to Deliver the Next Generation of AI-Powered Support
- Positive Sentiment: Several analyst- and media-driven pieces highlighted Salesforce as an attractive AI and software value play, with commentary pointing to strong upside potential and expectations that Q1 results may benefit from continued digital transformation and generative AI adoption. Salesforce Likely to Beat Q1 Earnings Estimates: Time to Buy the Stock?
- Positive Sentiment: Wall Street price-target articles continue to suggest meaningful upside for CRM, with analysts’ average target implying a large gain from current levels and some firms still keeping bullish ratings. Does Salesforce (CRM) Have the Potential to Rally 53.21% as Wall Street Analysts Expect?
- Neutral Sentiment: Salesforce granted 64,296 RSUs to 27 employees tied to the Cimulate acquisition; this is routine retention-related equity compensation and is not likely to materially move the stock on its own. Salesforce Grants Equity Awards to Cimulate Under Its Inducement Equity Incentive Plan
- Neutral Sentiment: Investors are also focused on Salesforce’s upcoming earnings release and expected post-earnings volatility, which adds uncertainty but no clear directional catalyst yet. Here’s How Much Traders Expect Salesforce Stock Could Move After Earnings
- Negative Sentiment: UBS flagged a mixed enterprise software spending backdrop and said it sees limited signs of near-term acceleration in bookings, which may be weighing on sentiment into earnings. Salesforce faces tough enterprise software backdrop heading into earnings, says UBS
- Negative Sentiment: Bank of America reiterated an Underperform rating with a $160 target, signaling that some analysts remain cautious on the stock despite Salesforce’s strong market position. BofA Maintains Underperform Rating on Salesforce (CRM)
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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