MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Salesforce Inc. (NYSE:CRM – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 30,866 shares of the CRM provider’s stock, valued at approximately $4,835,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Commonwealth Retirement Investments LLC purchased a new position in shares of Salesforce during the 4th quarter valued at about $25,000. Manning & Napier Advisors LLC bought a new stake in Salesforce in the 2nd quarter worth approximately $26,000. Gilpin Wealth Management LLC purchased a new stake in Salesforce in the fourth quarter worth approximately $26,000. Persistent Asset Partners Ltd purchased a new stake in Salesforce in the second quarter worth approximately $27,000. Finally, Costello Asset Management INC grew its position in 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 acquiring an additional 119 shares during the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.
Salesforce Trading Up 22.6%
Shares of CRM opened at $252.15 on Friday. The stock has a market capitalization of $206.51 billion, a P/E ratio of 22.99, a PEG ratio of 1.11 and a beta of 1.16. Salesforce Inc. has a twelve month low of $146.32 and a twelve month high of $269.11. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. The firm has a fifty day simple moving average of $179.14 and a two-hundred day simple moving average of $182.03.
More Salesforce News
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment: Strong quarterly performance: Salesforce reported adjusted EPS of $5.90, well above the $3.27 consensus, while revenue rose 10.8% year over year to $11.35 billion, slightly exceeding expectations. Profit was also helped by gains on strategic investments, including Salesforce’s stake in Anthropic. Salesforce stock jumps on AI growth and Anthropic investment gain
- Positive Sentiment: Raised outlook: Management lifted fiscal 2027 revenue guidance to $46.1 billion-$46.4 billion and EPS guidance to $16.67-$16.71. Third-quarter EPS guidance of $3.42-$3.44 also topped the $3.16 analyst estimate, signaling confidence in demand and profitability. Salesforce raises annual revenue forecasts on AI product momentum
- Positive Sentiment: AI adoption is gaining traction: Current remaining performance obligations accelerated 14% in constant currency, while Agentforce and Data 360 annual recurring revenue approached $3.9 billion. Reports also highlighted a sixfold increase in AI usage, supporting the view that AI may expand Salesforce’s platform rather than replace it. Jim Cramer says Nvidia and Salesforce earnings upended two bear narratives
- Positive Sentiment: Anthropic partnership expands Salesforce’s AI offering: The “Claudeforce” initiative integrates Anthropic’s Claude with Salesforce workflows, data and governance, including prebuilt sales skills. Investors view the partnership as a potential catalyst for Agentforce adoption and AI monetization. Salesforce and Anthropic announce Claudeforce
- Positive Sentiment: Analyst reaction improved: JPMorgan, Mizuho, BMO, Truist and Monness Crespi raised their price targets, with targets ranging from $260 to $300; Needham maintained a Buy rating with a $400 target. The results were widely described as weakening the “SaaSpocalypse” bear thesis. Salesforce Q2 results squash SaaSpocalypse fears
Analyst Upgrades and Downgrades
Several research analysts have commented on CRM shares. Canaccord Genuity Group reissued a “buy” rating and set a $225.00 price target on shares of Salesforce in a research note on Tuesday. Monness Crespi & Hardt upped their price objective on shares of Salesforce from $222.00 to $266.00 and gave the company a “buy” rating in a research note on Thursday. Roth Capital reiterated a “buy” rating and issued a $325.00 target price on shares of Salesforce in a research report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Salesforce in a research report on Thursday. Finally, Oppenheimer restated an “outperform” rating and set a $275.00 price target (up from $250.00) on shares of Salesforce in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $261.15.
View Our Latest Stock Report on Salesforce
Salesforce Company 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.
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