Sanders Morris Harris LLC Cuts Stock Position in Salesforce Inc. $CRM

Sanders Morris Harris LLC decreased its stake in shares of Salesforce Inc. (NYSE:CRM) by 78.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,047 shares of the CRM provider’s stock after selling 7,510 shares during the quarter. Sanders Morris Harris LLC’s holdings in Salesforce were worth $321,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Commonwealth Retirement Investments LLC purchased a new stake in Salesforce during the 4th quarter valued at about $25,000. Key Capital Management INC bought a new position in shares of Salesforce in the fourth quarter worth approximately $26,000. Gilpin Wealth Management LLC purchased a new stake in shares of Salesforce during the fourth quarter valued at approximately $26,000. Legacy Bridge LLC bought a new stake in shares of Salesforce during the fourth quarter valued at approximately $27,000. Finally, Costello Asset Management INC raised its holdings in Salesforce by 410.3% in the 1st quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock worth $28,000 after acquiring an additional 119 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CRM has been the topic of several recent analyst reports. BMO Capital Markets cut their target price on Salesforce from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Thursday, May 28th. Guggenheim raised Salesforce from a “neutral” rating to a “buy” rating and set a $228.00 price target on the stock in a report on Wednesday, July 1st. Canaccord Genuity Group reiterated a “buy” rating and issued a $225.00 price objective on shares of Salesforce in a report on Tuesday, June 16th. Evercore reissued an “outperform” rating on shares of Salesforce in a research report on Tuesday, July 14th. Finally, Macquarie Infrastructure lowered their target price on shares of Salesforce from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $249.51.

Salesforce Price Performance

NYSE CRM opened at $192.83 on Thursday. The company has a market capitalization of $157.92 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 1.03 and a beta of 1.16. 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 business’s fifty day moving average is $170.99 and its 200 day moving average is $183.48. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The business had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter in the prior year, the business posted $2.58 earnings per share. The business’s quarterly revenue was up 13.3% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Sell-side analysts predict that Salesforce Inc. will post 10.27 earnings per share for the current 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 given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, June 11th. Salesforce’s dividend payout ratio is presently 20.37%.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Analyst upgrade: Erste Group Bank raised Salesforce from “hold” to “buy,” providing additional support for the view that the shares are undervalued relative to the company’s growth and earnings outlook. Finviz
• Positive Sentiment: AI government opportunity: Salesforce announced that Missionforce National Security now offers IL5-authorized Agentforce 360 AI agents and applications. The offering is designed to help the Department of War leverage real-time data and autonomous AI capabilities, strengthening Salesforce’s position in high-value government and national-security markets. Missionforce National Security announcement
• Positive Sentiment: Veterans Affairs contract: Salesforce secured a three-year Agentic Enterprise License Agreement with the U.S. Department of Veterans Affairs valued at up to $1.6 billion. The deal offers evidence that customers are adopting Salesforce’s AI-driven government cloud services and could improve long-term revenue visibility. Salesforce VA deal analysis
• Positive Sentiment: Strong financial results and AI ecosystem: Recent earnings exceeded analyst expectations for both adjusted EPS and revenue, while Slack’s evolution into an AI-powered collaboration hub could increase enterprise deal sizes, customer engagement and cross-selling. Salesforce earnings analysis Slack AI ecosystem analysis
• Neutral Sentiment: Management change: Salesforce promoted revenue chief and former Oracle executive Miguel Milano to operating chief, while Robin Washington retains her operating and finance leadership responsibilities. The move may improve execution, but its direct financial impact is unclear. Salesforce operating chief announcement
• Neutral Sentiment: A third-party VitalPBX integration announcement highlights Salesforce connectivity, but does not indicate a material new contract or near-term revenue impact. VitalPBX integration announcement

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.