CRM
Salesforce, Inc.Technology · $186.2B market cap
Verdict
Share price
$234.69
close of Oct 3, 2026
Fair value
$219.02
Sticker Price
Payback Price
$87.61
buy price
CRM is Fairly Valued: at $234.69 it's within 7% of its fair value of $219.02. Its buy price (Payback Price) is $87.61, 63% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.
How we valued it
Free Cash Flow. Sales grew 10% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.
Business quality
4 of 5 clear the 10% bar. What are the Big Five?
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10 of the investors we track hold CRM. In Q2 2026, 1 opened a position, 2 added, 3 trimmed and 2 sold out. Who we track
Bill Nygren
Oakmark Funds · as of Q2 2026
$2.5B
16,151,269 shares
First Eagle Investment Management
First Eagle Investment Management · as of Q2 2026
$1.1B
7,306,034 shares
ValueAct Capital
ValueAct Capital · as of Q2 2026
$469.1M
2,994,509 shares
Chuck Akre
Akre Capital Management · as of Q2 2026
$128.1M
817,799 shares
Vulcan Value Partners
Vulcan Value Partners · as of Q2 2026
$25.7M
164,013 shares
Show all 10 holdersShow fewer
Wallace Weitz
Weitz Investment Management · as of Q2 2026
$7.7M
49,300 shares
Robert Vinall
RV Capital GmbH · as of Q2 2026
$2.4M
15,511 shares
Hillman Capital Management
Hillman Capital Management · as of Q2 2026
$2.1M
13,658 shares
Mairs & Power Funds
Mairs & Power Funds · as of Q2 2026
$416K
2,656 shares
Richard Pzena
Pzena Investment Management · as of Q2 2026
$235K
1,502 shares
Moves in Q2 2026
New position: Richard Pzena
Added: Hillman Capital Management, First Eagle Investment Management
Trimmed: Wallace Weitz, Vulcan Value Partners, Mairs & Power Funds
Sold out: Polen Capital Management, AKO Capital
Insider activity
Since Jun 22, 2026: no open-market purchases, 2 sales worth $1.2M and 39 other filings (stock awards, tax withholding and similar). Why purchases matter
Sales
Other filings
Harris Parker
Co-Founder and CTO, Slack · 2026-08-28
G-Gift
16,000 shares
Chang Amy
director · 2026-08-22
Option exercise
441 shares
DONALD ARNOLD W
director · 2026-08-22
Option exercise
441 shares
Conway Craig
director · 2026-08-22
Option exercise
441 shares
Kirk David Blair
director · 2026-08-22
Option exercise
441 shares
Show all 39 other filingsShow fewer
Roos John Victor
director · 2026-08-22
Option exercise
441 shares
ALBER LAURA
director · 2026-08-22
Option exercise
441 shares
KROES NEELIE
director · 2026-08-22
Tax withholding
$14K
KROES NEELIE
director · 2026-08-22
Option exercise
441 shares
MUNOZ OSCAR
director · 2026-08-22
Option exercise
441 shares
SACHIN J. MEHRA
director · 2026-08-22
Option exercise
441 shares
Niles Sabastian
President and CLO · 2026-08-22
Tax withholding
$192K
Niles Sabastian
President and CLO · 2026-08-22
Option exercise
1,662 shares
Milano Miguel
President and COO · 2026-08-22
Award
14,121 shares
Milano Miguel
President and COO · 2026-08-22
Tax withholding
$142K
Milano Miguel
President and COO · 2026-08-22
Option exercise
1,662 shares
Harris Parker
Co-Founder and CTO, Slack · 2026-07-22
Tax withholding
$144K
Harris Parker
Co-Founder and CTO, Slack · 2026-07-22
Option exercise
1,786 shares
Tallapragada Srinivas
Chief Eng/Cust Success Officer · 2026-07-22
Tax withholding
$144K
Tallapragada Srinivas
Chief Eng/Cust Success Officer · 2026-07-22
Option exercise
1,786 shares
Wanger Guy
EVP & Chief Accounting Officer · 2026-06-22
Award
49,757 shares
Milano Miguel
President and CRO · 2026-06-22
Tax withholding
$60K
Milano Miguel
President and CRO · 2026-06-22
Option exercise
1,016 shares
Milano Miguel
President and CRO · 2026-06-22
Tax withholding
$90K
Milano Miguel
President and CRO · 2026-06-22
Option exercise
1,525 shares
Harris Parker
Co-Founder and CTO, Slack · 2026-06-22
Tax withholding
$95K
Harris Parker
Co-Founder and CTO, Slack · 2026-06-22
Option exercise
1,269 shares
Harris Parker
Co-Founder and CTO, Slack · 2026-06-22
Tax withholding
$95K
Harris Parker
Co-Founder and CTO, Slack · 2026-06-22
Option exercise
1,271 shares
Washington Robin L
President and COFO · 2026-06-22
Tax withholding
$136K
Washington Robin L
President and COFO · 2026-06-22
Option exercise
1,831 shares
Niles Sabastian
President and CLO · 2026-06-22
Tax withholding
$84K
Niles Sabastian
President and CLO · 2026-06-22
Tax withholding
$85K
Niles Sabastian
President and CLO · 2026-06-22
Option exercise
1,016 shares
Niles Sabastian
President and CLO · 2026-06-22
Option exercise
1,017 shares
Tallapragada Srinivas
Chief Eng/Cust Success Officer · 2026-06-22
Tax withholding
$113K
Tallapragada Srinivas
Chief Eng/Cust Success Officer · 2026-06-22
Option exercise
1,523 shares
Tallapragada Srinivas
Chief Eng/Cust Success Officer · 2026-06-22
Tax withholding
$136K
Tallapragada Srinivas
Chief Eng/Cust Success Officer · 2026-06-22
Option exercise
1,831 shares
About Salesforce, Inc.
Salesforce, Inc. is a leading provider of customer relationship management (CRM) solutions, dedicated to connecting businesses and their clientele on a global scale. At its core, the Customer 360 platform empowers organizations to create seamless, integrated experiences for their customers. The company's extensive suite of services encompasses a wide array of functionalities: Sales: Tools designed to manage sales…
Software - Application
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works