Triton Financial Group Inc acquired a new position in shares of Salesforce Inc. (NYSE:CRM – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,383 shares of the CRM provider’s stock, valued at approximately $1,000,000.
A number of other large investors have also recently bought and sold shares of CRM. BlackRock Inc. acquired a new stake in shares of Salesforce during the 2nd quarter worth approximately $11,396,844,000. J. Stern & Co. LLP boosted its position in Salesforce by 24,056.7% during the 4th quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock valued at $12,552,896,000 after purchasing an additional 47,189,352 shares during the period. Bank of America Corp DE bought a new position in Salesforce during the 2nd quarter worth $1,914,086,000. Norges Bank bought a new position in Salesforce during the 4th quarter worth $3,182,951,000. Finally, Arrowstreet Capital Limited Partnership increased its position in Salesforce by 130.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock worth $2,363,096,000 after buying an additional 7,160,302 shares during the period. Institutional investors 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 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
Analysts Set New Price Targets
- The Pre-IPO Playbook: How to Cash in on Anthropic Before the Bell
CRM has been the subject of several analyst reports. HSBC boosted their price target on shares of Salesforce from $350.00 to $356.00 and gave the company a “buy” rating in a report on Friday, May 29th. Wolfe Research lowered Salesforce from an “outperform” rating to a “hold” rating in a research report on Wednesday, July 1st. TD Cowen raised their price target on Salesforce from $240.00 to $280.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company lifted their price objective on shares of Salesforce from $205.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Bank of America assumed coverage on shares of Salesforce in a report on Monday, May 18th. They issued an “underperform” rating and a $160.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and an average target price of $261.15.
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