Strait & Sound Wealth Management LLC Purchases Shares of 1,986 Salesforce Inc. $CRM

Strait & Sound Wealth Management LLC bought a new stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 1,986 shares of the CRM provider's stock, valued at approximately $311,000.

Several other hedge funds have also recently added to or reduced their stakes in CRM. Fred Alger Management LLC boosted its stake in Salesforce by 0.3% in the 3rd quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider's stock valued at $3,548,000 after buying an additional 45 shares in the last quarter. Synergy Financial Group LTD grew its stake in Salesforce by 2.4% during the third quarter. Synergy Financial Group LTD now owns 2,035 shares of the CRM provider's stock worth $482,000 after buying an additional 48 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its holdings in shares of Salesforce by 35.4% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 199 shares of the CRM provider's stock worth $53,000 after buying an additional 52 shares in the last quarter. Krane Funds Advisors LLC increased its holdings in shares of Salesforce by 0.7% during the fourth quarter. Krane Funds Advisors LLC now owns 8,254 shares of the CRM provider's stock worth $2,187,000 after buying an additional 57 shares in the last quarter. Finally, HBW Advisory Services LLC raised its stake in shares of Salesforce by 0.4% in the first quarter. HBW Advisory Services LLC now owns 13,098 shares of the CRM provider's stock valued at $2,445,000 after acquiring an additional 57 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

More Salesforce News

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

CRM has been the topic of a number of recent analyst reports. Macquarie Infrastructure reduced their price objective on Salesforce from $200.00 to $190.00 and set a "neutral" rating on the stock in a research note on Thursday, May 28th. TD Cowen lifted their price target on Salesforce from $240.00 to $280.00 and gave the company a "buy" rating in a report on Thursday. The Goldman Sachs Group reiterated a "buy" rating on shares of Salesforce in a research report on Thursday. HC Wainwright downgraded shares of Salesforce to a "negative" rating in a research note on Thursday, June 18th. Finally, Piper Sandler lowered shares of Salesforce from an "overweight" rating to a "neutral" rating in a research report on Thursday, May 28th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce presently has an average rating of "Moderate Buy" and a consensus target price of $261.15.

Salesforce Stock Up 1.8%

Salesforce stock opened at $256.60 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $210.16 billion, a PE ratio of 23.39, a price-to-earnings-growth 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 50 day moving average of $181.24 and a 200-day moving average of $182.55.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, topping analysts' consensus estimates of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The firm had revenue of $11.35 billion for the quarter, compared to analyst estimates of $11.33 billion. During the same quarter last year, the company earned $2.91 EPS. The company's revenue was up 10.8% on a year-over-year basis. 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, equities research analysts anticipate that Salesforce Inc. will post 10.27 EPS for the current fiscal year.

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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