Convergence Investment Partners LLC Sells 8,750 Shares of Salesforce Inc. $CRM

Convergence Investment Partners LLC decreased its stake in shares of Salesforce Inc. (NYSE:CRM) by 88.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,096 shares of the CRM provider’s stock after selling 8,750 shares during the period. Convergence Investment Partners LLC’s holdings in Salesforce were worth $205,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CRM. Commerzbank Aktiengesellschaft FI increased its position in shares of Salesforce by 440.4% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 380,625 shares of the CRM provider’s stock valued at $71,051,000 after buying an additional 310,193 shares during the period. Leith Wheeler Investment Counsel Ltd. lifted its holdings in shares of Salesforce by 1.7% in the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 142,306 shares of the CRM provider’s stock worth $26,564,000 after buying an additional 2,365 shares in the last quarter. Earned Wealth Advisors LLC boosted its position in shares of Salesforce by 17.2% in the first quarter. Earned Wealth Advisors LLC now owns 6,601 shares of the CRM provider’s stock valued at $1,232,000 after acquiring an additional 970 shares during the period. Carson Advisory Inc. boosted its position in shares of Salesforce by 10.1% in the first quarter. Carson Advisory Inc. now owns 3,118 shares of the CRM provider’s stock valued at $582,000 after acquiring an additional 286 shares during the period. Finally, Meeder Asset Management Inc. grew its stake in Salesforce by 28.5% during the first quarter. Meeder Asset Management Inc. now owns 465 shares of the CRM provider’s stock valued at $87,000 after acquiring an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Piper Sandler lowered shares of Salesforce from an “overweight” rating to a “neutral” rating in a report on Thursday, May 28th. Roth Capital restated a “buy” rating and set a $325.00 price target on shares of Salesforce in a research report on Thursday, May 28th. Truist Financial cut shares of Salesforce from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. HSBC increased their price objective on Salesforce from $350.00 to $356.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, Citizens Jmp reissued a “market outperform” rating and set a $315.00 price objective on shares of Salesforce in a research note on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.51.

Salesforce Price Performance

Shares of NYSE:CRM opened at $163.37 on Thursday. The company’s fifty day moving average price is $170.50 and its 200-day moving average price is $188.64. The firm has a market capitalization of $133.80 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 0.92 and a beta of 1.18. Salesforce Inc. has a one year low of $146.32 and a one year high of $274.00. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.13 by $0.75. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The company had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.05 billion. During the same period in the previous year, the firm posted $2.58 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year. 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, equities research analysts anticipate that Salesforce Inc. will post 10.29 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 annualized dividend and a yield of 1.1%. Salesforce’s payout ratio is 20.37%.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Some analysts still see Salesforce as undervalued versus its growth prospects, citing its AI pivot, stronger earnings revisions, and relatively attractive valuation compared with peers. Salesforce vs. Adobe: Which Enterprise Software Stock Has the Edge?
• Positive Sentiment: Salesforce is also getting attention for AI-related opportunities, including broader adoption of its Missionforce platform by the U.S. Air Force for fleet management, which supports the company’s enterprise and government cloud story. Salesforce (CRM) Lands Broad Air Force Role Managing A Global Military Vehicle Fleet
• Neutral Sentiment: Momentum appears to be stabilizing across beaten-down software names, but investor sentiment remains cautious as AI fears continue to cloud the sector’s growth outlook. CRM, WDAY, TEAM Bounce Back: Can Momentum Continue?
• Neutral Sentiment: Separate reports noted Salesforce remains widely watched by investors, with some articles arguing the stock still has upside from current levels, though conviction is mixed. Salesforce Cratered 33% in 2026. One Analyst Sees It Exploding Nearly 200%
• Negative Sentiment: Reports that Morgan Stanley cut its rating and price target are the most direct reason for weakness, as the bank sees only balanced risk/reward without a meaningful growth catalyst. Morgan Stanley Slashes Salesforce Price Target By 35%
• Negative Sentiment: More bearish commentary highlighted that AI-enabled rivals and low-cost CRM alternatives could pressure Salesforce’s pricing power and long-term growth. Curative CEO says company ditched a $600k-a-year Salesforce contract after vibecoding a CRM in 2 months
• Negative Sentiment: Fresh competition headlines around AI sales tools, plus speculation about a new Slack rival from Jack Dorsey, add to concerns that Salesforce’s ecosystem could face more competitive pressure. Twitter Founder Jack Dorsey is Making a New Slack — Should Salesforce Investors Be Worried?

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.