The first 103 million shares account for roughly 80% of the $50 billion repurchase plan authorized by Salesforce’s board in February 2026.
- The move marks the largest accelerated share repurchase ever executed.
- The remaining shares will be determined by the stock’s average price over the term of the agreement.
- The transaction is anticipated to be fully completed in Salesforce’s fiscal year 2027.
Salesforce (CRM) said on Monday that it has kicked off a historic accelerated share repurchase, beginning the prepayment and initial delivery of roughly 103 million shares under the $25 billion ASR agreements announced earlier this month.
The move marks the largest accelerated share repurchase ever executed. Salesforce finalized agreements with a mix of financial institutions. The initial 103 million shares represent about 80% of the expected repurchase under the $50 billion program approved by Salesforce’s board in February 2026.
Program Scope and Timing
The initial 103 million shares represent about 80% of the expected repurchase under the $50 billion program approved by Salesforce’s board in February 2026. The remaining shares will be finalized based on the stock’s volume-weighted average price over the term of the agreement, adjusted for discounts.
“This $25 billion ASR reflects our increased conviction in the durability of our growth and cash flow trajectory.”
-Robin Washington, President and Chief Operating and Financial Officer, Salesforce
The transaction is anticipated to be fully completed in Salesforce’s fiscal year 2027, during either the third or fourth quarter.
Salesforce stock traded over 2% higher in Monday’s premarket.
The AI Fear Sell-Off
Salesforce shares are down roughly 26% so far this year, amid concerns that general-purpose AI may reduce demand for specialized enterprise software. However, Dan Ives has added Salesforce to his influential AI-focused stock watchlist, signaling renewed confidence in software names.
The company posted fourth-quarter earnings of $3.81 per share, surpassing the $3.05 estimate, on $11.2 billion in revenue, according to Fiscal AI data. Remaining performance obligations (RPO) grew 16% year-over-year to $35.1 billion, with total RPO up 14% to $72 billion.
How Did Stocktwits Users React?
On Stocktwits, retail sentiment around the stock remained in ‘bearish’ territory amid ‘low’ message volume levels.
A Stocktwits user expressed disappointment with the stock’s movement even after the share repurchase announcement.
A bullish user said it doesn’t make sense to be short on a stock that just commenced the biggest tech buyback ever.
CRM stock has declined by over 29% in the last 12 months.
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