Salesforce (NYSE:CRM) Shares Down 3.7% – Here’s What Happened

Salesforce Inc. (NYSE:CRM)’s share price was down 3.7% during trading on Thursday . The stock traded as low as $155.15 and last traded at $156.9660. 11,832,164 shares traded hands during trading, a decline of 14% from the average session volume of 13,832,321 shares. The stock had previously closed at $163.00.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: New partnership and product coverage could help reinforce Salesforce’s AI and platform strategy: Navatar launched a Claude-native deal engine built on Salesforce CRM and Agentforce for private equity and M&A advisory firms, highlighting continued ecosystem adoption. Navatar Launches Claude-Native Deal Engine for Private Equity and M&A Advisory Firms on Salesforce CRM
• Neutral Sentiment: Salesforce was included in a market commentary on liquid stocks and another article noted CRM and other software names are trying to rebound after a tough 2026, but these pieces were mostly broad sector commentary rather than company-specific catalysts. 4 Top-Performing Liquid Stocks to Boost Portfolio Returns CRM, WDAY, TEAM Bounce Back: Can Momentum Continue?
• Neutral Sentiment: Montaka Global published a bullish-looking investor letter discussing Salesforce’s “compelling outlook,” which may support the long-term thesis, though it is not a direct operating update. Key Catalysts Behind Salesforce’s (CRM) Compelling Outlook
• Negative Sentiment: Morgan Stanley downgraded Salesforce from Overweight to Equal Weight and cut its price target sharply, signaling weaker near-term upside expectations. Salesforce (NYSE:CRM) Earns “Equal Weight” Rating from Morgan Stanley Twitter Founder Jack Dorsey is Making a New Slack — Should Salesforce Investors Be Worried? Salesforce (CRM) As Downgrades Test The Case For An Undervalued AI Pivot CRM Stock Snags Second Rating Downgrade This Month – Analyst Says Risk/Reward On Salesforce Balanced In Absence Of Notable Growth Inflection Morgan Stanley Slashes Salesforce Price Target By 35%

Wall Street Analyst Weigh In

Several analysts have commented on CRM shares. CLSA assumed coverage on shares of Salesforce in a report on Monday. They set a “hold” rating and a $165.00 target price on the stock. HC Wainwright cut Salesforce to a “negative” rating in a research report on Thursday, June 18th. B. Riley Financial increased their price objective on Salesforce from $205.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Wells Fargo & Company lowered their price target on shares of Salesforce from $210.00 to $200.00 and set an “equal weight” rating on the stock in a report on Thursday, May 28th. Finally, DA Davidson decreased their target price on shares of Salesforce from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Salesforce presently has an average rating of “Moderate Buy” and an average price target of $249.51.

Salesforce Stock Performance

The company has a market capitalization of $128.56 billion, a price-to-earnings ratio of 18.17, a P/E/G ratio of 0.92 and a beta of 1.18. The company has a 50 day moving average price of $170.50 and a 200 day moving average price of $188.64. 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 released its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) 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%.The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.58 EPS. 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 research analysts predict 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 issued a $0.44 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. Salesforce’s dividend payout ratio is presently 20.37%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CRM. Byrne Asset Management LLC raised its position in Salesforce by 1.0% during the fourth quarter. Byrne Asset Management LLC now owns 4,331 shares of the CRM provider’s stock valued at $1,147,000 after acquiring an additional 43 shares in the last quarter. Fred Alger Management LLC boosted its holdings in shares of Salesforce by 0.3% during the 3rd 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 period. Richards Merrill & Peterson Inc. grew 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 worth $1,123,000 after buying an additional 46 shares in the last quarter. Wright Investors Service Inc. increased its position in shares of 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 purchasing an additional 47 shares during the period. Finally, Synergy Financial Group LTD boosted its holdings in shares of Salesforce by 2.4% in the 3rd quarter. Synergy Financial Group LTD now owns 2,035 shares of the CRM provider’s stock worth $482,000 after acquiring an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

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.