Corient Private Wealth LP Buys New Position in Salesforce Inc. $CRM

Corient Private Wealth LP purchased a new position in Salesforce Inc. (NYSE:CRM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,108,019 shares of the CRM provider’s stock, valued at approximately $49,051,000. Corient Private Wealth LP owned about 0.14% of Salesforce at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Punch & Associates Investment Management Inc. purchased a new stake in Salesforce during the second quarter valued at about $11,730,000. Panoramic Capital LLC bought a new stake in Salesforce in the 2nd quarter worth approximately $3,916,000. Perennial Investment Advisors LLC purchased a new stake in Salesforce in the second quarter worth approximately $1,206,000. Ausdal Financial Partners Inc. purchased a new stake in shares of Salesforce in the 2nd quarter valued at $653,000. Finally, Bank of America Corp DE bought a new position in shares of Salesforce during the second quarter valued at about $1,914,086,000. 80.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CRM. Susquehanna initiated coverage on shares of Salesforce in a report on Wednesday, July 1st. They issued a “neutral” rating on the stock. Citigroup increased their target price on shares of Salesforce from $204.00 to $233.00 and gave the stock a “neutral” rating in a report on Thursday. Wolfe Research cut Salesforce from an “outperform” rating to a “hold” rating in a research note on Wednesday, July 1st. Bank of America started coverage on Salesforce in a report on Monday, May 18th. They set an “underperform” rating and a $160.00 price target on the stock. Finally, Roth Capital reaffirmed a “buy” rating and set a $325.00 price target on shares of Salesforce in a research report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $261.15.

Key Stories Impacting Salesforce

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 Up 22.6%

Shares of NYSE CRM opened at $252.15 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15. Salesforce Inc. has a 12 month low of $146.32 and a 12 month high of $269.11. The firm has a market capitalization of $206.51 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 1.11 and a beta of 1.16. The firm has a fifty day simple moving average of $179.14 and a two-hundred day simple moving average of $182.03.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, topping the consensus estimate of $3.27 by $2.63. The firm had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.33 billion. Salesforce had a net margin of 21.99% and a return on equity of 23.35%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company posted $2.91 EPS. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Equities analysts expect that Salesforce Inc. will post 10.27 earnings per share for the current year.

Salesforce Company 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.