Salesforce shares climb as investors revisit AI growth, buybacks, and recent deal activity

Salesforce (CRM) is up 3.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a continued rebound in beaten-down software names, with investors revisiting Salesforce’s AI growth story after its strong fiscal first-quarter results and recent strategic acquisitions. There does not appear to be a single major same-day filing driving the gain, so this could be because buyers are focusing on valuation support, Agentforce momentum, and the company’s large capital return program.

Details:

Salesforce’s latest quarterly update showed first-quarter fiscal 2027 revenue of $11.1 billion, up 13% year over year, alongside raised full-year revenue guidance.

The company said Agentforce annual recurring revenue reached about $1.2 billion in the quarter, with combined AI and data annual recurring revenue of nearly $3.4 billion.

Salesforce also returned $27.5 billion to shareholders in the quarter, including a $25 billion accelerated share repurchase program that reduced share count meaningfully.

Recent deal activity has kept the AI narrative active, including the agreement to acquire Fin for about $3.6 billion, which Salesforce said would strengthen its agent technology and would not change fiscal 2027 guidance.

Sources:

SEC, Salesforce Investor Relations, Investing.com, Benzinga

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CRM Insider Trading Activity

$CRM insiders have traded $CRM stock on the open market 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $CRM stock by insiders over the last 6 months:

LAURA ALBER has made 2 purchases buying 2,571 shares for an estimated $500,266 and 0 sales.
DAVID BLAIR KIRK purchased 2,570 shares for an estimated $500,178

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$CRM Hedge Fund Activity

We have seen 1,099 institutional investors add shares of $CRM stock to their portfolio, and 1,567 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

J. STERN & CO. LLP removed 47,202,137 shares (-99.6%) from their portfolio in Q1 2026, for an estimated $8,797,534,294
MORGAN STANLEY added 12,666,457 shares (+66.6%) to their portfolio in Q1 2026, for an estimated $2,360,774,255
CAPITAL INTERNATIONAL INVESTORS removed 10,096,552 shares (-44.4%) from their portfolio in Q1 2026, for an estimated $1,881,795,361
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 7,160,302 shares (+130.2%) to their portfolio in Q1 2026, for an estimated $1,334,537,086
HARRIS ASSOCIATES L P added 5,126,665 shares (+52.4%) to their portfolio in Q1 2026, for an estimated $955,507,822
CAPITAL RESEARCH GLOBAL INVESTORS added 4,237,753 shares (+44.8%) to their portfolio in Q1 2026, for an estimated $789,832,404
INDEPENDENT FRANCHISE PARTNERS LLP added 3,497,051 shares (+650.0%) to their portfolio in Q1 2026, for an estimated $651,780,365

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$CRM Congressional Stock Trading

Members of Congress have traded $CRM stock 7 times in the past 6 months. Of those trades, 4 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $CRM stock by members of Congress over the last 6 months:

REPRESENTATIVE MARIA ELVIRA SALAZAR has traded it 2 times. They made 2 purchases worth up to $100,000 on 06/02, 04/06 and 0 sales.
REPRESENTATIVE DAVID TAYLOR has traded it 4 times. They made 2 purchases worth up to $30,000 on 02/09, 01/29 and 2 sales worth up to $65,000 on 02/26.
REPRESENTATIVE JULIA LETLOW sold up to $15,000 on 02/02.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$CRM Analyst Ratings

Wall Street analysts have issued reports on $CRM in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Piper Sandler issued a "Overweight" rating on 02/26/2026

To track analyst ratings and price targets for $CRM, check out Quiver Quantitative's $CRM forecast page.

$CRM Price Targets

Multiple analysts have issued price targets for $CRM recently. We have seen 31 analysts offer price targets for $CRM in the last 6 months, with a median target of $240.0.

Here are some recent targets:

John Difucci from Guggenheim set a target price of $228.0 on 07/01/2026
David Hynes from Canaccord Genuity set a target price of $225.0 on 06/16/2026
Scott Berg from Needham set a target price of $400.0 on 06/16/2026
Derrick Wood from TD Cowen set a target price of $240.0 on 05/28/2026
Billy Fitzsimmons from Piper Sandler set a target price of $215.0 on 05/28/2026
Allan Verkhovski from BTIG set a target price of $255.0 on 05/28/2026
Jackson Ader from Keybanc set a target price of $290.0 on 05/28/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.