Centaurus Financial Inc. Invests $1.51 Million in Salesforce Inc. $CRM

Centaurus Financial Inc. purchased a new position in Salesforce Inc. (NYSE:CRM - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,631 shares of the CRM provider's stock, valued at approximately $1,509,000.

Other institutional investors have also bought and sold shares of the company. Commonwealth Retirement Investments LLC purchased a new stake in Salesforce in the 4th quarter worth about $25,000. Gilpin Wealth Management LLC bought a new position in Salesforce during the fourth quarter worth about $26,000. Manning & Napier Advisors LLC purchased a new position in shares of Salesforce in the second quarter worth about $26,000. Persistent Asset Partners Ltd bought a new stake in shares of Salesforce in the second quarter valued at approximately $27,000. Finally, Texas Capital Bancshares Inc TX purchased a new stake in shares of Salesforce during the 3rd quarter valued at approximately $28,000. Hedge funds and other institutional investors own 80.43% of the company's stock.

Salesforce News Roundup

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

Salesforce Stock Up 22.6%

Shares of CRM opened at $252.15 on Friday. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $269.11. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a 50 day simple moving average of $179.14 and a two-hundred day simple moving average of $182.03. The firm has a market cap of $206.51 billion, a P/E ratio of 22.99, a P/E/G ratio of 1.11 and a beta of 1.16.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, topping analysts' consensus estimates of $3.27 by $2.63. The firm had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.33 billion. Salesforce had a net margin of 21.99% and a return on equity of 23.35%. The business's quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the business 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. On average, analysts forecast that Salesforce Inc. will post 10.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CRM. Wall Street Zen downgraded Salesforce from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Erste Group Bank raised Salesforce from a "hold" rating to a "buy" rating in a report on Wednesday, August 5th. Citizens Jmp reaffirmed a "market outperform" rating and set a $315.00 target price on shares of Salesforce in a report on Tuesday. Macquarie Infrastructure decreased their price target on Salesforce from $200.00 to $190.00 and set a "neutral" rating on the stock in a research report on Thursday, May 28th. Finally, KeyCorp lowered shares of Salesforce from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $261.15.

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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