Mandatum Life Insurance Co Ltd Makes New Investment in Salesforce Inc. $CRM

Mandatum Life Insurance Co Ltd bought a new stake in shares of Salesforce Inc. (NYSE:CRM) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 16,088 shares of the CRM provider’s stock, valued at approximately $3,003,000. Salesforce comprises 0.7% of Mandatum Life Insurance Co Ltd’s holdings, making the stock its 28th biggest position.

A number of other hedge funds have also made changes to their positions in the stock. Byrne Asset Management LLC raised its holdings in Salesforce by 1.0% in the fourth quarter. Byrne Asset Management LLC now owns 4,331 shares of the CRM provider’s stock valued at $1,147,000 after acquiring an additional 43 shares in the last quarter. Fred Alger Management LLC increased its position in shares of Salesforce by 0.3% in the 3rd quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock worth $3,548,000 after purchasing an additional 45 shares during the last quarter. Fulcrum Asset Management LLP raised its stake in shares of Salesforce by 1.7% in the 3rd quarter. Fulcrum Asset Management LLP now owns 2,774 shares of the CRM provider’s stock valued at $657,000 after purchasing an additional 46 shares in the last quarter. Pine Haven Investment Counsel Inc lifted its position in shares of Salesforce by 1.5% during the fourth quarter. Pine Haven Investment Counsel Inc now owns 3,152 shares of the CRM provider’s stock worth $835,000 after purchasing an additional 46 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. lifted its position in shares of Salesforce by 1.1% during the fourth quarter. Richards Merrill & Peterson Inc. now owns 4,239 shares of the CRM provider’s stock worth $1,123,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Key Stories Impacting Salesforce

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. BTIG Research reissued a “buy” rating and set a $255.00 price target on shares of Salesforce in a research report on Tuesday, May 26th. Guggenheim upgraded shares of Salesforce from a “neutral” rating to a “buy” rating and set a $228.00 target price for the company in a research note on Wednesday, July 1st. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 target price on shares of Salesforce in a report on Thursday, May 28th. Wolfe Research downgraded shares of Salesforce from an “outperform” rating to a “hold” rating in a research report on Wednesday, July 1st. Finally, UBS Group initiated coverage on shares of Salesforce in a research report on Wednesday, July 1st. They set an “overweight” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and an average target price of $254.42.

Salesforce Price Performance

Shares of NYSE CRM opened at $167.55 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $137.23 billion, a PE ratio of 19.39, a P/E/G ratio of 0.92 and a beta of 1.18. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $274.00. The business’s fifty day moving average price is $171.40 and its two-hundred day moving average price is $192.68.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.13 by $0.75. The company had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter 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. On average, research analysts expect that Salesforce Inc. will post 10.29 EPS for the current year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, June 11th. Salesforce’s payout ratio is presently 20.37%.

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.