Prosperitas Financial LLC acquired a new stake in shares of Salesforce Inc. (NYSE:CRM – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,044 shares of the CRM provider’s stock, valued at approximately $477,000.
A number of other hedge funds have also recently bought and sold shares of the company. Commonwealth Retirement Investments LLC purchased a new stake in shares of Salesforce in the fourth quarter valued at about $25,000. Manning & Napier Advisors LLC purchased a new position in Salesforce during the second quarter worth about $26,000. Gilpin Wealth Management LLC purchased a new position in Salesforce during the fourth quarter worth about $26,000. Persistent Asset Partners Ltd bought a new stake in Salesforce in the 2nd quarter worth about $27,000. Finally, Costello Asset Management INC increased its stake in Salesforce by 410.3% in the 1st quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock valued at $28,000 after buying an additional 119 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.
Salesforce News Roundup
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. <a href="https://seekingalpha.com/news/4637700-salesforce-soars-23-on-earnings-beat-and-ai-partnership” rel=”nofollow noopener” target=”_blank”>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
- The Pre-IPO Playbook: How to Cash in on Anthropic Before the Bell
Several equities analysts have commented on the stock. Scotiabank cut shares of Salesforce from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, June 18th. Susquehanna began coverage on Salesforce in a report on Wednesday, July 1st. They issued a “neutral” rating for the company. Piper Sandler downgraded Salesforce from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 28th. Truist Financial reiterated a “buy” rating and set a $300.00 price target (up from $280.00) on shares of Salesforce in a report on Thursday. Finally, Erste Group Bank raised Salesforce from a “hold” rating to a “buy” rating in a research report on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and an average target price of $261.15.
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