Triton Financial Group Inc Acquires New Position in Salesforce Inc. $CRM

Triton Financial Group Inc acquired a new position in shares of Salesforce Inc. (NYSE:CRM) 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

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.

Salesforce Trading Up 22.6%

Salesforce stock opened at $252.15 on Friday. The firm has a market cap of $206.51 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 1.11 and a beta of 1.16. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $269.11. The firm’s 50 day moving average price is $179.14 and its two-hundred day moving average price is $182.03. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $2.63. The company had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.33 billion. Salesforce had a return on equity of 23.35% and a net margin of 21.99%.The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter 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.

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.