Sound Shore Management Inc. CT Buys New Position in Salesforce Inc. $CRM

Sound Shore Management Inc. CT bought a new stake in shares of Salesforce Inc. (NYSE:CRM) in the 4th quarter, Holdings Channel.com reports. The firm bought 378,539 shares of the CRM provider’s stock, valued at approximately $100,279,000. Salesforce makes up 3.2% of Sound Shore Management Inc. CT’s holdings, making the stock its 9th biggest position.

Other large investors also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund bought a new stake in Salesforce during the fourth quarter valued at approximately $26,000. Key Capital Management INC bought a new stake in Salesforce during the fourth quarter valued at approximately $26,000. Legacy Bridge LLC bought a new stake in Salesforce during the fourth quarter valued at approximately $27,000. Texas Capital Bancshares Inc TX bought a new stake in Salesforce during the third quarter valued at approximately $28,000. Finally, Dogwood Wealth Management LLC grew its position in Salesforce by 285.7% during the fourth quarter. Dogwood Wealth Management LLC now owns 108 shares of the CRM provider’s stock valued at $29,000 after buying an additional 80 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CRM. The Goldman Sachs Group restated a “buy” rating and set a $281.00 target price on shares of Salesforce in a research report on Thursday, February 26th. Wall Street Zen downgraded shares of Salesforce from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Salesforce in a report on Tuesday, May 26th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price target on shares of Salesforce in a report on Thursday, May 28th. Finally, BTIG Research reaffirmed a “buy” rating and set a $255.00 price target on shares of Salesforce in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $257.97.

Salesforce News Summary

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce’s Agentforce annual recurring revenue reportedly topped $1 billion and reached about $1.2 billion in Q1, up 205% year over year, reinforcing the view that the company’s AI automation push is gaining real traction and could drive future growth. Salesforce’s Agentforce ARR Tops $1B: Can It Fuel More Growth for CRM?
• Positive Sentiment: Analyst and market commentary remains constructive, with reports noting a potential catch-up rally, bullish technical reversal signals, and endorsements from firms such as TD Cowen and KeyBanc despite some target-price trimming. Salesforce: Catch-Up Rally Will Continue; Bookings Rebound Expected In H2
• Positive Sentiment: Salesforce is also being highlighted as a value and cash-flow name, which can support investor demand if the market continues rotating toward profitable software names. Here’s Why Salesforce (CRM) is a Strong Value Stock
• Neutral Sentiment: Salesforce updated investors at the Bank of America Global Technology Conference, but the transcript itself did not include a clear new catalyst in the items provided. Salesforce, Inc. (CRM) Presents at Bank of America 2026 Global Technology Conference Transcript
• Negative Sentiment: Some coverage remains cautious, including commentary that the recent rebound may be running into technical resistance and that more downside could follow if momentum fades. Is This The Top For Salesforce?
• Negative Sentiment: DA Davidson reportedly cut its price target following Q1 results, reflecting lingering skepticism from some analysts even after the earnings beat. DA Davidson Cuts PT on Salesforce, Inc. (CRM) Following Q1 Results

Salesforce Price Performance

CRM stock opened at $190.96 on Thursday. Salesforce Inc. has a one year low of $163.52 and a one year high of $276.80. The company’s fifty day moving average price is $181.09 and its 200-day moving average price is $209.45. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $156.39 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 1.31 and a beta of 1.16.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping the consensus estimate of $3.13 by $0.75. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The firm had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter in the previous year, the firm earned $2.58 earnings per share. The company’s quarterly 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 analysts anticipate that Salesforce Inc. will post 9.83 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Thursday, June 11th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 0.9%. Salesforce’s dividend payout ratio is presently 20.37%.

Salesforce announced that its board has initiated a share buyback plan on Monday, March 16th that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the CRM provider to reacquire up to 14.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Salesforce news, Director Laura Alber purchased 2,571 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were bought at an average price of $194.58 per share, with a total value of $500,265.18. Following the completion of the purchase, the director directly owned 9,530 shares in the company, valued at $1,854,347.40. This trade represents a 36.94% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David Blair Kirk purchased 2,570 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were acquired at an average cost of $194.62 per share, for a total transaction of $500,173.40. Following the purchase, the director owned 13,689 shares of the company’s stock, valued at $2,664,153.18. This represents a 23.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.50% of the stock is owned by corporate insiders.

Salesforce 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.