Blodgett Wealth Advisors LLC Purchases New Shares in Salesforce Inc. $CRM

Blodgett Wealth Advisors LLC acquired a new stake in shares of Salesforce Inc. (NYSE:CRM) during the second quarter, HoldingsChannel reports. The fund acquired 3,030 shares of the CRM provider’s stock, valued at approximately $475,000.

Other institutional investors have also added to or reduced their stakes in the company. Temasek Holdings Private Ltd grew its position in Salesforce by 3.7% in the 4th quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock worth $181,143,000 after purchasing an additional 24,332 shares during the period. SFE Investment Counsel lifted its holdings in shares of Salesforce by 82.7% during the 4th quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider’s stock valued at $4,608,000 after buying an additional 7,871 shares during the period. Fluent Financial LLC purchased a new position in shares of Salesforce in the 2nd quarter worth $2,265,000. Secured Retirement Advisors LLC purchased a new position in shares of Salesforce in the 1st quarter worth $1,004,000. Finally, Janus Henderson Group PLC grew its holdings in shares of Salesforce by 2.5% in the first quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock worth $23,846,000 after acquiring an additional 3,125 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Roth Capital reiterated a “buy” rating and set a $325.00 price objective on shares of Salesforce in a research report on Thursday, May 28th. Needham & Company LLC restated a “buy” rating on shares of Salesforce in a research note on Tuesday, June 16th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price target on shares of Salesforce in a research report on Thursday, August 20th. BTIG Research reaffirmed a “buy” rating and set a $255.00 price target on shares of Salesforce in a research report on Monday. Finally, Jefferies Financial Group upgraded shares of Salesforce from a “buy” rating to a “buy” rating in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.72.

Salesforce News Roundup

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce reported adjusted earnings of $5.90 per share, well above the $3.27 analyst consensus and up from $2.91 a year earlier. Revenue increased 10.8% year over year to $11.35 billion, narrowly exceeding estimates. Salesforce Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: The company raised fiscal 2027 guidance to $46.1 billion-$46.4 billion in revenue and $16.67-$16.71 in EPS. Third-quarter guidance calls for $11.4 billion-$11.5 billion in revenue and $3.42-$3.44 in EPS, with the profit forecast above consensus. Salesforce Raises Annual Revenue Forecasts
• Positive Sentiment: Management cited momentum in AI-powered autonomous agents as a reason for increased confidence in future growth. Salesforce also recorded a roughly $2.6 billion gain on strategic investments, helped by the rising value of its Anthropic stake, boosting reported profitability. Salesforce Stock Jumps on AI Growth
• Positive Sentiment: Salesforce and Anthropic expanded their partnership through “Claudeforce,” integrating Claude with Salesforce data, workflows and governance. The offering includes prebuilt sales skills and could strengthen adoption of Salesforce’s Agentforce platform. Salesforce and Anthropic Announce Claudeforce
• Neutral Sentiment: CEO Marc Benioff rejected “SaaSpocalypse” concerns, arguing that AI is expanding rather than destroying Salesforce’s software opportunity. Investors will still look for sustained subscription growth and Agentforce monetization in coming quarters. Salesforce CEO Responds to SaaSpocalypse Concerns
• Negative Sentiment: Despite the earnings beat, quarterly revenue growth remained near 11%, so the stock’s longer-term performance depends on whether AI products produce a meaningful reacceleration rather than simply offsetting pressure on Salesforce’s core business.

Salesforce Price Performance

NYSE CRM opened at $206.01 on Thursday. The business’s fifty day moving average is $177.13 and its 200 day moving average is $181.60. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $168.72 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.11 and a beta of 1.16.

Salesforce (NYSE:CRM) last issued its quarterly earnings results 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 18.72% and a net margin of 18.73%.The business had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.33 billion. During the same quarter in the prior year, the business posted $2.91 earnings per share. The business’s quarterly 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. Sell-side analysts predict that Salesforce Inc. will post 10.27 earnings per share for the current year.

About Salesforce

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.