Salesforce (NYSE:CRM) Stock Price Down 2% – What’s Next?

Salesforce Inc. (NYSE:CRM) traded down 2% on Tuesday . The company traded as low as $166.93 and last traded at $170.3650. 11,461,521 shares traded hands during trading, a decline of 17% from the average session volume of 13,819,271 shares. The stock had previously closed at $173.79.

Salesforce News Summary

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce continues to draw supportive attention for its AI-driven growth story, with recent commentary noting stronger earnings revisions, a lower valuation, and solid adoption across enterprise software users. Article Title
• Positive Sentiment: Salesforce’s Missionforce National Security platform was reportedly adopted by the U.S. Air Force for global vehicle fleet management, highlighting growth in a high-profile government/defense use case. Article Title
• Neutral Sentiment: Several articles highlighted renewed investor interest in CRM and bullish price-target chatter, but these were largely commentary pieces rather than new company-specific catalysts. Article Title
• Negative Sentiment: Fireflies.ai launched a lower-cost AI Sales Suite that directly targets sales intelligence and CRM workflows, adding to concerns that AI tools could pressure legacy software budgets and Salesforce’s long-term moat. Article Title
• Negative Sentiment: Curative said it canceled a $600,000 annual Salesforce contract after building its own CRM with AI, reinforcing investor worries that customers may find cheaper alternatives to Salesforce’s platform. Article Title

Analyst Ratings Changes

CRM has been the subject of a number of research reports. Citizens Jmp reiterated a “market outperform” rating and issued a $315.00 price target on shares of Salesforce in a research note on Thursday, May 28th. Needham & Company LLC reaffirmed a “buy” rating on shares of Salesforce in a report on Tuesday, June 16th. The Goldman Sachs Group began coverage on Salesforce in a research report on Thursday, June 18th. They issued a “neutral” rating for the company. Barclays raised Salesforce from an “overweight” rating to an “overweight” rating in a research note on Thursday, June 18th. Finally, BTIG Research restated a “buy” rating and set a $255.00 price target on shares of Salesforce in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $249.51.

Salesforce Trading Down 2.0%

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 company has a market cap of $139.53 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 0.92 and a beta of 1.18. The business’s fifty day moving average price is $170.57 and its 200 day moving average price is $190.02.

Salesforce (NYSE:CRM) last posted its quarterly earnings data 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 during 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 quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business 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. Research analysts anticipate that Salesforce Inc. will post 10.29 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were paid a $0.44 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. Salesforce’s dividend payout ratio is presently 20.37%.

Hedge Funds Weigh In On Salesforce

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Byrne Asset Management LLC lifted its holdings in shares of Salesforce by 1.0% during the 4th quarter. Byrne Asset Management LLC now owns 4,331 shares of the CRM provider’s stock valued at $1,147,000 after buying an additional 43 shares during the last quarter. Fred Alger Management LLC increased its holdings in Salesforce by 0.3% in the third quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock worth $3,548,000 after buying an additional 45 shares during the last quarter. Richards Merrill & Peterson Inc. raised its position in Salesforce by 1.1% during the fourth quarter. Richards Merrill & Peterson Inc. now owns 4,239 shares of the CRM provider’s stock valued at $1,123,000 after acquiring an additional 46 shares in the last quarter. Wright Investors Service Inc. raised its position in Salesforce by 0.8% during the fourth quarter. Wright Investors Service Inc. now owns 6,186 shares of the CRM provider’s stock valued at $1,639,000 after acquiring an additional 47 shares in the last quarter. Finally, Synergy Financial Group LTD lifted its stake in Salesforce by 2.4% in the third quarter. Synergy Financial Group LTD now owns 2,035 shares of the CRM provider’s stock valued at $482,000 after acquiring an additional 48 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

About Salesforce

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.