L2 Asset Management LLC Buys New Position in Salesforce Inc. $CRM

L2 Asset Management LLC bought a new position in shares of Salesforce Inc. (NYSE:CRM) during the second quarter, HoldingsChannel reports. The institutional investor bought 4,524 shares of the CRM provider’s stock, valued at approximately $709,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CRM. Commonwealth Retirement Investments LLC bought a new position in shares of Salesforce during the 4th quarter valued at about $25,000. Gilpin Wealth Management LLC bought a new stake in shares of Salesforce in the 4th quarter worth approximately $26,000. Persistent Asset Partners Ltd bought a new stake in shares of Salesforce in the 2nd quarter worth approximately $27,000. Costello Asset Management INC lifted its stake in Salesforce by 410.3% during the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 119 shares during the last quarter. Finally, Gables Capital Management Inc. bought a new stake in Salesforce during the second quarter worth approximately $28,000. 80.43% of the stock is currently owned by institutional investors.

Salesforce Price Performance

CRM opened at $209.19 on Tuesday. The firm has a market capitalization of $171.32 billion, a P/E ratio of 24.21, a PEG ratio of 1.13 and a beta of 1.16. The stock has a fifty day moving average of $175.23 and a 200-day moving average of $181.44. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. Salesforce Inc. has a 12-month low of $146.32 and a 12-month high of $269.11.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates of $3.13 by $0.75. The business had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.05 billion. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.Salesforce’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. Equities analysts forecast that Salesforce Inc. will post 10.27 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm 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 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, June 11th. Salesforce’s payout ratio is 20.37%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Daiwa Securities Group cut their price objective on Salesforce from $295.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, June 2nd. BTIG Research reaffirmed a “buy” rating and set a $255.00 target price on shares of Salesforce in a research report on Monday. Erste Group Bank upgraded Salesforce from a “hold” rating to a “buy” rating in a research report on Wednesday, August 5th. Citigroup lifted their price target on Salesforce from $187.00 to $204.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 18th. Finally, Piper Sandler lowered shares of Salesforce from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $249.87.

Salesforce News Summary

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: BTIG Research reaffirmed its Buy rating and set a $255 price target, implying substantial upside from recent trading levels. The bullish view reflects confidence in Salesforce’s AI opportunity and earnings outlook. Benzinga article
• Positive Sentiment: One analyst argues Salesforce remains undervalued, citing its AI-enabled growth potential, modest valuation and significant share repurchases. The company’s reported $27.5 billion buyback has reduced shares outstanding and could provide support for earnings per share and the stock. Salesforce Forcing Itself Higher Through Massive Buybacks And AI-Led Growth
• Positive Sentiment: Analysts expect AI cloud demand, acquisitions and disciplined spending to support second-quarter results, with revenue growth forecast at approximately 10.6%. Salesforce is also being discussed as a potential beneficiary of broader enterprise AI adoption. Salesforce Set to Report Q2 Earnings
• Neutral Sentiment: Salesforce has rallied toward the $210 area and is testing a resistance zone near its June high. A strong earnings reaction could determine whether the recent advance continues or stalls. Salesforce Stock Hits a Crucial Resistance Ahead of Earnings
• Negative Sentiment: The main risk is that Salesforce’s earnings report fails to demonstrate a meaningful sales-growth reacceleration. Analysts and investors remain cautious about slower software growth, elevated AI expectations and the possibility that the broader AI trade could weaken. Salesforce Earnings Due: Will Sales Growth Reacceleration Hold Up?

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.