OMC Financial Services LTD bought a new position in shares of Salesforce Inc. (NYSE:CRM – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,935 shares of the CRM provider’s stock, valued at approximately $1,556,000.
Several other hedge funds have also recently modified their holdings of CRM. German American Bancorp Inc. purchased a new position in Salesforce in the 2nd quarter valued at about $3,701,000. Arrowroot Family Office LLC purchased a new stake in Salesforce during the 2nd quarter worth approximately $632,000. J.Safra Asset Management Corp purchased a new stake in Salesforce during the 2nd quarter worth approximately $168,000. Flputnam Investment Management Co. acquired a new position in shares of Salesforce during the second quarter valued at approximately $5,674,000. Finally, Global Retirement Partners LLC acquired a new position in shares of Salesforce during the second quarter valued at approximately $2,811,000. Institutional investors and hedge funds own 80.43% of the company’s stock.
Key Salesforce News
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment:JPMorgan resumed coverage with an Overweight rating and a $250 price target, citing potential acceleration in Salesforce’s core business during the second half of the year. The target implies more than 24% upside from recent levels. JPMorgan bullish Salesforce coverage
- Positive Sentiment:Monness Crespi & Hardt raised its Salesforce price target to $222 from $200 and maintained a Buy rating. UBS and Wells Fargo also reportedly forecast strong appreciation, reinforcing improving sell-side sentiment. Monness Crespi Salesforce price target
- Positive Sentiment:Salesforce’s Agentforce platform is gaining traction, giving the company a way to use its large CRM customer base to compete with Microsoft and Oracle in enterprise “agentic” AI. Salesforce agentic AI analysis
- Positive Sentiment:A Seeking Alpha analysis argues that Salesforce’s $27.1 billion share-repurchase program, equivalent to an estimated 23% net buyback yield, could support earnings-per-share growth. The stock also appears inexpensive at roughly 14 times forward earnings, although buybacks have increased debt. Salesforce buyback analysis
- Neutral Sentiment:Salesforce has recently posted strong momentum, with reports noting three consecutive weeks of gains and substantial one-month appreciation. That run may be encouraging investors, but it also raises the possibility of profit-taking.
- Negative Sentiment:Parnassus Investments indicated that Salesforce has lost favor as AI opportunities shift toward competing or substitute technologies. Other commentary likewise warns that alternative software and AI-native tools threaten Salesforce’s traditional CRM franchise. Salesforce AI competition concerns
Salesforce Price Performance
Salesforce stock opened at $195.86 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15. The company has a 50-day moving average price of $171.41 and a 200 day moving average price of $181.95. Salesforce Inc. has a 12-month low of $146.32 and a 12-month high of $269.11. The stock has a market cap of $160.41 billion, a P/E ratio of 22.67, a PEG ratio of 1.06 and a beta of 1.16.
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