Equitable Holdings Inc. acquired a new stake in shares of Salesforce Inc. (NYSE:CRM – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 53,688 shares of the CRM provider’s stock, valued at approximately $8,411,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Retirement Investments LLC purchased a new stake in shares of Salesforce during the fourth quarter worth about $25,000. Gilpin Wealth Management LLC purchased a new position in shares of Salesforce during the fourth quarter valued at approximately $26,000. Manning & Napier Advisors LLC acquired a new stake in Salesforce during the second quarter worth approximately $26,000. Persistent Asset Partners Ltd acquired a new stake in Salesforce during the second quarter worth approximately $27,000. Finally, Texas Capital Bancshares Inc TX purchased a new stake in Salesforce in the 3rd quarter worth approximately $28,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.
Salesforce News Summary
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 Performance
- The Pre-IPO Playbook: How to Cash in on Anthropic Before the Bell
Salesforce stock opened at $252.15 on Friday. The company has a market cap of $206.51 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 1.11 and a beta of 1.16. Salesforce Inc. has a 12 month low of $146.32 and a 12 month 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’s 50-day moving average is $179.14 and its 200-day moving average is $182.03.
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