Centaurus Financial Inc. Invests $1.51 Million in Salesforce Inc. $CRM

Centaurus Financial Inc. purchased a new stake in shares of Salesforce Inc. (NYSE:CRM) in the second quarter, Holdings Channel reports. The firm purchased 9,631 shares of the CRM provider’s stock, valued at approximately $1,509,000.

Other institutional investors also recently modified their holdings of the company. Commonwealth Retirement Investments LLC bought a new position in Salesforce in the fourth quarter worth $25,000. Manning & Napier Advisors LLC bought a new position in Salesforce in the 2nd quarter worth $26,000. Gilpin Wealth Management LLC bought a new position in shares of Salesforce in the fourth quarter worth about $26,000. Persistent Asset Partners Ltd purchased a new position in Salesforce during the second quarter valued at approximately $27,000. Finally, Costello Asset Management INC increased its stake in shares of Salesforce by 410.3% in the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 119 shares in the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce Stock Performance

NYSE CRM opened at $252.15 on Friday. The stock has a market capitalization of $206.51 billion, a PE ratio of 22.99, a P/E/G ratio of 1.11 and a beta of 1.16. The business has a 50 day simple moving average of $179.14 and a two-hundred day simple moving average of $182.03. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $269.11.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $2.63. The business had revenue of $11.35 billion for the quarter, compared to analysts’ expectations of $11.33 billion. Salesforce had a return on equity of 23.35% and a net margin of 21.99%.The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm earned $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. On average, research analysts predict that Salesforce Inc. will post 10.27 EPS for the current fiscal year.

Salesforce News Roundup

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

Wall Street Analysts Forecast Growth

CRM has been the subject of several recent analyst reports. Monness Crespi & Hardt upped their target price on shares of Salesforce from $222.00 to $266.00 and gave the stock a “buy” rating in a report on Thursday. Truist Financial reaffirmed a “buy” rating and issued a $300.00 price objective (up from $280.00) on shares of Salesforce in a research note on Thursday. Canaccord Genuity Group reissued a “buy” rating and set a $225.00 target price on shares of Salesforce in a research note on Tuesday. HC Wainwright cut Salesforce to a “negative” rating in a report on Thursday, June 18th. Finally, Mizuho increased their price objective on shares of Salesforce from $250.00 to $265.00 and gave the company an “outperform” rating in a report on Thursday. Two 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $261.15.

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.