Sanders Morris Harris LLC Sells 7,510 Shares of Salesforce Inc. $CRM

Sanders Morris Harris LLC reduced its stake in shares of Salesforce Inc. (NYSE:CRM) by 78.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

CRM has been the topic of a number of research analyst reports. Bank of America started coverage on Salesforce in a research report on Monday, May 18th. They issued an “underperform” rating and a $160.00 target price on the stock. Erste Group Bank raised Salesforce from a “hold” rating to a “buy” rating in a report on Wednesday. HSBC raised their target price on shares of Salesforce from $350.00 to $356.00 and gave the company a “buy” rating in a report on Friday, May 29th. UBS Group reaffirmed an “equal weight” rating on shares of Salesforce in a research note on Tuesday, July 21st. Finally, Wall Street Zen lowered shares of Salesforce from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $249.51.

Salesforce Trading Up 1.0%

Shares of CRM opened at $192.83 on Thursday. The company’s fifty day simple moving average is $170.99 and its 200-day simple moving average is $183.48. The company has a market cap of $157.92 billion, a P/E ratio of 22.32, a P/E/G ratio of 1.03 and a beta of 1.16. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15. Salesforce Inc. has a twelve month low of $146.32 and a twelve month 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, beating the consensus estimate of $3.13 by $0.75. The company had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. As a group, analysts expect that Salesforce Inc. will post 10.27 EPS for the current year.

Salesforce Dividend Announcement

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

Salesforce News Summary

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

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.