Salesforce Inc. $CRM Shares Purchased by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd lifted its stake in shares of Salesforce Inc. (NYSE:CRM) by 18.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 40,959 shares of the CRM provider’s stock after buying an additional 6,289 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Salesforce were worth $7,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC boosted its holdings in shares of Salesforce by 13.7% in the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after acquiring an additional 3,102 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after purchasing an additional 205 shares in the last quarter. Bison Wealth LLC lifted its position in Salesforce by 9.0% in the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after purchasing an additional 184 shares during the period. Sivia Capital Partners LLC lifted its position in Salesforce by 3.7% in the second quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider’s stock valued at $807,000 after purchasing an additional 106 shares during the period. Finally, United Bank boosted its holdings in Salesforce by 5.2% in the 2nd quarter. United Bank now owns 10,198 shares of the CRM provider’s stock valued at $2,781,000 after purchasing an additional 500 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on CRM. BTIG Research reaffirmed a “buy” rating and set a $255.00 price objective on shares of Salesforce in a report on Tuesday, May 26th. Citizens Jmp reaffirmed a “market outperform” rating and set a $315.00 price target on shares of Salesforce in a research note on Thursday, May 28th. Truist Financial downgraded shares of Salesforce from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Bank of America assumed coverage on shares of Salesforce in a research note on Monday, May 18th. They issued an “underperform” rating and a $160.00 price objective for the company. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $250.00 target price on shares of Salesforce in a research report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $249.51.

Salesforce Price Performance

Shares of NYSE CRM opened at $184.34 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The business has a 50 day moving average price of $170.34 and a two-hundred day moving average price of $184.49. The firm has a market cap of $150.98 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 1.00 and a beta of 1.18.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share 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 company had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter in the previous year, the firm earned $2.58 EPS. The company’s 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 expect that Salesforce Inc. will post 10.27 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were given a $0.44 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 annualized dividend and a 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.