Glen Eagle Advisors LLC Trims Stock Holdings in Salesforce Inc. $CRM

Glen Eagle Advisors LLC reduced its holdings in shares of Salesforce Inc. (NYSE:CRM) by 29.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 7,815 shares of the CRM provider’s stock after selling 3,283 shares during the period. Glen Eagle Advisors LLC’s holdings in Salesforce were worth $1,459,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Fred Alger Management LLC boosted its stake in shares of Salesforce by 0.3% during the third quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock valued at $3,548,000 after purchasing an additional 45 shares during the period. Richards Merrill & Peterson Inc. increased its stake in Salesforce by 1.1% in the 4th quarter. Richards Merrill & Peterson Inc. now owns 4,239 shares of the CRM provider’s stock worth $1,123,000 after buying an additional 46 shares during the period. Wright Investors Service Inc. lifted its holdings in Salesforce by 0.8% during the 4th quarter. Wright Investors Service Inc. now owns 6,186 shares of the CRM provider’s stock valued at $1,639,000 after buying an additional 47 shares in the last quarter. Shum Financial Group Inc. lifted its holdings in Salesforce by 1.1% during the 4th quarter. Shum Financial Group Inc. now owns 4,236 shares of the CRM provider’s stock valued at $1,122,000 after buying an additional 48 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its position in Salesforce by 6.9% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 745 shares of the CRM provider’s stock valued at $197,000 after buying an additional 48 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce’s latest quarterly results exceeded expectations, with adjusted earnings of $3.88 per share versus the $3.13 consensus and revenue of $11.13 billion versus $11.05 billion expected. Revenue increased 13.3% year over year, reinforcing confidence in the company’s execution and AI-related growth strategy. Why Did Salesforce Lead Index Gainers After Its Earnings Move?
• Positive Sentiment: The U.S. Department of Veterans Affairs awarded Salesforce, through its distribution network, a three-year Agentic Enterprise License Agreement with a potential value of $1.60 billion. The deal could expand use of Missionforce, Agentforce, Slack, MuleSoft, Tableau and Data 360 across a healthcare network serving approximately 17 million veterans, strengthening Salesforce’s government-cloud and AI-agent credentials. Salesforce’s $1.6 Billion VA AI Deal
• Positive Sentiment: Salesforce participated in a broader rebound among enterprise-software stocks as investors rotated toward AI beneficiaries. The sector move provided additional momentum for CRM, alongside gains in ServiceNow and Workday. Software Rebounds on AI Rotation
• Positive Sentiment: Analysts maintain a consensus “Moderate Buy” rating, while valuation-focused coverage highlights Salesforce as a potential long-term growth stock based on its recurring-revenue model, profitability and AI initiatives. Salesforce Receives Moderate Buy Rating
• Neutral Sentiment: Investors are also focused on the quarterly earnings outlook and whether Agentforce and other AI products can translate into accelerating growth. Expectations are elevated ahead of results, making future guidance important for sustaining the rally. Salesforce’s Quarterly Earnings Preview
• Neutral Sentiment: Comparisons with SAP and ServiceNow emphasize Salesforce’s competitive position in agentic AI, but also underscore ongoing investor concerns about intense competition and the pace of monetization. Salesforce vs. ServiceNow

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Royal Bank Of Canada downgraded shares of Salesforce from a “sector perform” rating to a “sector perform” rating in a research note on Wednesday, July 1st. Evercore reiterated an “outperform” rating on shares of Salesforce in a report on Tuesday, July 14th. Daiwa Securities Group dropped their price objective on Salesforce from $295.00 to $280.00 and set a “buy” rating on the stock in a research note on Tuesday, June 2nd. Needham & Company LLC restated a “buy” rating on shares of Salesforce in a report on Tuesday, June 16th. Finally, Piper Sandler lowered Salesforce from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $249.51.

Salesforce Price Performance

Shares of CRM opened at $173.34 on Tuesday. The company has a 50 day moving average price of $169.96 and a 200-day moving average price of $186.68. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $274.00. The stock has a market capitalization of $141.96 billion, a PE ratio of 20.06, a PEG ratio of 0.88 and a beta of 1.18. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79.

Salesforce (NYSE:CRM) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. Salesforce’s revenue was up 13.3% compared to the same quarter last year. During the same period last 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 predict that Salesforce Inc. will post 10.29 earnings per share for the current fiscal year.

Salesforce Announces Dividend

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

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.