Salesforce slides as investors digest post-earnings outlook and analyst target cuts

Salesforce, Inc. (CRM) is down 4.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears tied to lingering concerns after the company’s most recent quarterly update, where forward-looking revenue expectations and key backlog metrics were viewed as slightly soft versus investor hopes. The move also likely reflects a wave of analyst price-target reductions and broader “multiple pressure” across large-cap software stocks.

Details:

Salesforce’s latest quarterly materials highlighted a near-term revenue outlook that came in around expectations but left limited room for upside, keeping investors focused on growth durability.

Investors have been watching remaining performance obligation (a backlog indicator) and other forward-demand signals closely, and small disappointments can weigh on the shares.

In the days following earnings, multiple Wall Street firms trimmed price targets while generally keeping their ratings unchanged, reinforcing a cautious tone around near-term upside.

This could also be amplified by sector-wide selling in enterprise software as markets re-price growth stocks when interest-rate and fiscal concerns rise.

Sources:

Salesforce Investor Relations, TipRanks, StockAnalysis.com

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 5 times in the past 6 months. Of those trades, 4 have been purchases and 1 have been sales.

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

DAVID BLAIR KIRK has made 2 purchases buying 4,506 shares for an estimated $1,000,900 and 0 sales.
NEELIE KROES sold 3,893 shares for an estimated $929,275
LAURA ALBER has made 2 purchases buying 2,571 shares for an estimated $500,266 and 0 sales.

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 1,268 institutional investors add shares of $CRM stock to their portfolio, and 1,762 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
JPMORGAN CHASE & CO removed 6,496,920 shares (-49.8%) from their portfolio in Q4 2025, for an estimated $1,721,099,077
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

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 8 times in the past 6 months. Of those trades, 4 have been purchases and 4 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 purchased up to $50,000 on 04/06.
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 has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 02/02, 12/16.
SENATOR MARKWAYNE MULLIN purchased up to $50,000 on 12/29.

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 2 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
BTIG issued a "Buy" rating on 12/17/2025

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 30 analysts offer price targets for $CRM in the last 6 months, with a median target of $245.0.

Here are some recent targets:

Tyler Radke from Citigroup set a target price of $187.0 on 05/28/2026
Dan Ives from Wedbush set a target price of $325.0 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
Gil Luria from DA Davidson set a target price of $175.0 on 05/28/2026
Matthew Vanvliet from Cantor Fitzgerald set a target price of $250.0 on 05/28/2026
Craig Ellis from B. Riley Securities set a target price of $240.0 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.