United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys 110,238 Shares of Salesforce Inc. $CRM

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its stake in Salesforce Inc. (NYSE:CRM) by 198.7% during the fourth quarter, HoldingsChannel reports. The firm owned 165,704 shares of the CRM provider’s stock after acquiring an additional 110,238 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Salesforce were worth $43,897,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Board of the Pension Protection Fund bought a new stake in Salesforce during the 4th quarter valued at $26,000. Key Capital Management INC bought a new stake in Salesforce during the 4th quarter valued at $26,000. Legacy Bridge LLC bought a new stake in Salesforce during the 4th quarter valued at $27,000. Texas Capital Bancshares Inc TX bought a new stake in Salesforce during the 3rd quarter valued at $28,000. Finally, Dogwood Wealth Management LLC raised its holdings in Salesforce by 285.7% during the 4th quarter. Dogwood Wealth Management LLC now owns 108 shares of the CRM provider’s stock valued at $29,000 after acquiring an additional 80 shares during the period. Institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling at Salesforce

In related news, Director Laura Alber bought 2,571 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 9,530 shares of the company’s stock, valued at approximately $1,854,347.40. The trade was a 36.94% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Blair Kirk bought 2,570 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was bought at an average price of $194.62 per share, with a total value of $500,173.40. Following the completion of the transaction, the director directly owned 13,689 shares of the company’s stock, valued at $2,664,153.18. This represents a 23.11% increase in their position. The SEC filing for this purchase provides additional information. 3.50% of the stock is currently owned by insiders.

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce beat Q1 earnings and revenue estimates, raised full-year profit guidance, and said Agentforce ARR passed $1 billion, reinforcing momentum in its AI strategy.
• Positive Sentiment: The company announced a $25 billion accelerated buyback, which should provide direct support to shareholder returns and may help limit downside.
• Positive Sentiment: Several analysts remained constructive, with firms like Wedbush, Piper Sandler, Cantor Fitzgerald, and B. Riley reiterating bullish ratings and high price targets despite trimming estimates.
• Neutral Sentiment: Citigroup and other banks lowered price targets modestly, but most still kept neutral-to-positive views, suggesting the Street is resetting expectations rather than turning outright bearish.
• Negative Sentiment: The stock is being held back by slightly light revenue guidance and continued investor concern that AI competition could pressure Salesforce’s growth profile over time.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CRM shares. Mizuho lowered their target price on shares of Salesforce from $280.00 to $265.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. KeyCorp lowered their target price on shares of Salesforce from $300.00 to $290.00 and set an “overweight” rating on the stock in a report on Thursday. Piper Sandler cut shares of Salesforce from an “overweight” rating to a “neutral” rating in a report on Thursday. UBS Group reissued a “market outperform” rating on shares of Salesforce in a report on Thursday. Finally, Needham & Company LLC reissued a “buy” rating and set a $400.00 target price on shares of Salesforce in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.47.

Salesforce Stock Down 0.7%

CRM opened at $176.30 on Friday. The company has a fifty day moving average price of $180.84 and a 200-day moving average price of $210.72. The firm has a market capitalization of $144.26 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76. Salesforce Inc. has a one year low of $163.52 and a one year high of $276.80.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.13 by $0.75. The firm had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 16.70%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.58 EPS. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Equities research analysts expect that Salesforce Inc. will post 9.72 earnings per share for the current fiscal year.

Salesforce declared that its Board of Directors has initiated a stock repurchase program on Monday, March 16th that authorizes the company to repurchase $25.00 billion in shares. This repurchase authorization authorizes the CRM provider to purchase up to 14.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Thursday, June 11th will be given a $0.44 dividend. The ex-dividend date is Thursday, June 11th. This represents a $1.76 annualized dividend and a yield of 1.0%. Salesforce’s payout ratio is 22.54%.

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.