Ancora Advisors LLC Has $14.13 Million Stock Holdings in Salesforce Inc. $CRM

Key Points

• Ancora Advisors increased its Salesforce stake by 2.5% in the second quarter, bringing its holdings to 90,219 shares valued at approximately $14.13 million. Institutional investors collectively own 80.43% of Salesforce.
• Salesforce reported strong quarterly results, with adjusted earnings of $5.90 per share versus the $3.27 consensus estimate and revenue of $11.35 billion, up 10.8% year over year. Agentforce annual recurring revenue exceeded $1.5 billion, supporting the company’s AI growth narrative.
• Analyst sentiment remains broadly positive: Salesforce has a “Moderate Buy” consensus rating and an average price target of $262.12, while several firms recently raised targets as the stock traded near its 12-month high.

Ancora Advisors LLC raised its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 2.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 90,219 shares of the CRM provider's stock after purchasing an additional 2,195 shares during the period. Ancora Advisors LLC's holdings in Salesforce were worth $14,134,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sigma Planning Corp grew its stake in shares of Salesforce by 8.7% in the 2nd quarter. Sigma Planning Corp now owns 18,891 shares of the CRM provider's stock valued at $2,960,000 after buying an additional 1,517 shares during the period. GTS Securities LLC raised its stake in Salesforce by 279.1% during the 2nd quarter. GTS Securities LLC now owns 14,081 shares of the CRM provider's stock worth $2,206,000 after buying an additional 10,367 shares during the period. Alyeska Investment Group L.P. bought a new position in Salesforce in the second quarter worth approximately $730,350,000. Flputnam Investment Management Co. boosted its holdings in Salesforce by 145.9% in the second quarter. Flputnam Investment Management Co. now owns 36,217 shares of the CRM provider's stock worth $5,674,000 after acquiring an additional 21,491 shares in the last quarter. Finally, Capital Advisors Inc. OK grew its stake in Salesforce by 85.2% in the second quarter. Capital Advisors Inc. OK now owns 4,344 shares of the CRM provider's stock valued at $680,000 after acquiring an additional 1,999 shares during the period. Institutional investors and hedge funds own 80.43% of the company's stock.

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Strong quarterly results and AI momentum: Salesforce exceeded earnings expectations, with revenue increasing 10.8% year over year. Agentforce annual recurring revenue surpassed $1.5 billion, growing 240%, reinforcing the view that customers are adopting Salesforce’s AI agents at scale. Salesforce Q2 2027 Earnings Call Transcript
• Positive Sentiment: Anthropic partnership supports the AI narrative: Reports highlighting Salesforce’s “Claudeforce” integration with Anthropic are adding to expectations that Salesforce can deliver more capable enterprise automation tools and monetize generative AI. Salesforce and Anthropic partnership
• Positive Sentiment: Analyst support: Argus raised its Salesforce price target from $290 to $300 and maintained a Buy rating. Wolfe Research also upgraded the stock, adding further momentum after the earnings report. Salesforce price-target update
• Positive Sentiment: Sector sentiment has improved: Salesforce’s results are helping ease “SaaSpocalypse” concerns that AI could weaken traditional software demand. Investors are instead seeing evidence that AI may increase demand for enterprise platforms. SaaS software stock rally

Salesforce Trading Up 0.8%

Shares of Salesforce stock opened at $258.06 on Tuesday. The company has a market capitalization of $212.38 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16. The stock has a fifty day simple moving average of $183.40 and a 200 day simple moving average of $182.93. Salesforce Inc. has a 12-month low of $146.32 and a 12-month high of $269.11. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, beating the consensus estimate of $3.27 by $2.63. The business had revenue of $11.35 billion for the quarter, compared to analysts' expectations of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The business's revenue was up 10.8% on a year-over-year basis. During the same period last year, the business earned $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. On average, sell-side analysts anticipate that Salesforce Inc. will post 12.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CRM has been the topic of a number of research reports. Royal Bank Of Canada upped their target price on Salesforce from $210.00 to $250.00 and gave the stock a "sector perform" rating in a research report on Thursday. Guggenheim reissued a "buy" rating and issued a $228.00 price target on shares of Salesforce in a research report on Thursday. Evercore restated an "outperform" rating on shares of Salesforce in a research note on Thursday. Jefferies Financial Group upped 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. Finally, Wall Street Zen cut shares of Salesforce from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Salesforce currently has an average rating of "Moderate Buy" and an average price target of $262.12.

About Salesforce

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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