102,138 Shares in Salesforce Inc. $CRM Purchased by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC acquired a new stake in Salesforce Inc. (NYSE:CRM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 102,138 shares of the CRM provider's stock, valued at approximately $16,001,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Temasek Holdings Private Ltd lifted its stake in shares of Salesforce by 3.7% during the fourth quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider's stock valued at $181,143,000 after buying an additional 24,332 shares during the period. SFE Investment Counsel grew its stake in Salesforce by 82.7% in the 4th quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider's stock worth $4,608,000 after acquiring an additional 7,871 shares during the period. Fluent Financial LLC acquired a new position in Salesforce in the 2nd quarter valued at $2,265,000. Secured Retirement Advisors LLC acquired a new position in Salesforce in the 1st quarter valued at $1,004,000. Finally, Janus Henderson Group PLC lifted its stake in shares of Salesforce by 2.5% during the 1st quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider's stock worth $23,846,000 after purchasing an additional 3,125 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Up 1.8%

Shares of Salesforce stock opened at $256.60 on Friday. The stock has a market capitalization of $210.16 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 1.36 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 current ratio of 0.84, a quick ratio of 0.79 and a debt-to-equity ratio of 1.02. The business's 50 day simple moving average is $181.24 and its 200-day simple moving average is $182.55.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.27 by $2.63. The business had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The business's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.91 EPS. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Equities research analysts forecast that Salesforce Inc. will post 10.27 earnings per share for the current year.

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Strong quarterly beat and raised outlook: Salesforce reported adjusted EPS of $5.90 versus the $3.27 consensus estimate, while revenue rose 10.8% year over year to $11.35 billion, broadly topping expectations. Management raised its fiscal 2027 revenue outlook to approximately $46.1 billion-$46.4 billion and pointed to stronger bookings, lower attrition and potential organic growth reacceleration. Salesforce Stock Soars After Strong Results, Raised Outlook
• Positive Sentiment: AI partnership strengthens the growth narrative: Salesforce expanded its alliance with Anthropic, integrating Claude into Agentforce and launching “Claudeforce,” which places Salesforce CRM capabilities inside Claude. Investors viewed the agreement as evidence that Salesforce can monetize AI and benefit from rising usage; Agentforce and Data 360 annual recurring revenue approached $3.9 billion, with Agentforce ARR reaching about $1.5 billion. Salesforce Soars on Earnings Beat and AI Partnership
• Positive Sentiment: Analyst and institutional support: Wolfe Research upgraded CRM to “strong buy,” while several firms raised price targets, including Truist to $300, JPMorgan to $265 and Mizuho to $265. Heavy trading and reports of institutional buying suggest investors are reassessing the stock’s valuation and the broader software sector’s AI prospects.
• Neutral Sentiment: Profit quality warrants scrutiny: Strategic investment gains contributed $2.53 of the $5.90 adjusted EPS, including an estimated $2.7 billion unrealized gain tied to Salesforce’s Anthropic investment. This boosted reported earnings but may not represent recurring operating performance. Salesforce Stock Just Soared. Thank Anthropic.
• Negative Sentiment: Valuation and execution risks remain: After the rally, some analysts still see limited upside or downside, with UBS, Citi, Morgan Stanley and Wells Fargo retaining neutral or equivalent ratings. Critics also caution that Anthropic could control the AI orchestration layer, potentially limiting Salesforce’s long-term strategic leverage, while the rapid move may already price in much of the AI opportunity.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CRM. HSBC raised their price objective on Salesforce from $350.00 to $356.00 and gave the stock a "buy" rating in a report on Friday, May 29th. Bank of America started coverage on Salesforce in a research report on Monday, May 18th. They set an "underperform" rating and a $160.00 target price on the stock. Morgan Stanley raised their price target on Salesforce from $185.00 to $235.00 and gave the stock an "equal weight" rating in a research note on Thursday. Citigroup lifted their price target on Salesforce from $204.00 to $233.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Jefferies Financial Group increased their price objective on shares of Salesforce from $250.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Salesforce currently has a consensus rating of "Moderate Buy" and an average price target of $261.15.

Salesforce 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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