Van ECK Associates Corp Sells 607,651 Shares of Salesforce Inc. $CRM

Van ECK Associates Corp decreased its position in Salesforce Inc. (NYSE:CRM) by 85.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,414 shares of the CRM provider’s stock after selling 607,651 shares during the period. Van ECK Associates Corp’s holdings in Salesforce were worth $16,201,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CRM. Field & Main Bank acquired a new stake in Salesforce during the second quarter worth approximately $725,000. Prosperitas Financial LLC acquired a new position in Salesforce in the second quarter valued at approximately $477,000. Lombard Odier Asset Management Europe Ltd bought a new position in shares of Salesforce during the 2nd quarter worth approximately $7,249,000. Archer Investment Corp acquired a new stake in shares of Salesforce during the 2nd quarter worth approximately $39,000. Finally, Kingsview Wealth Management LLC bought a new stake in shares of Salesforce in the 2nd quarter valued at $3,788,000. Institutional investors own 80.43% of the company’s stock.

Salesforce Stock Up 0.8%

CRM stock opened at $258.06 on Tuesday. Salesforce Inc. has a twelve month low of $146.32 and a twelve month high of $269.11. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The stock’s 50 day moving average is $183.40 and its 200-day moving average is $182.93. The firm has a market capitalization of $212.38 billion, a PE ratio of 23.52, a P/E/G ratio of 1.12 and a beta of 1.16.

Salesforce (NYSE:CRM) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.Salesforce’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.91 earnings per share. 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 expect that Salesforce Inc. will post 12.77 EPS for the current fiscal year.

Salesforce News Summary

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Strong quarterly results and AI momentum: Salesforce exceeded earnings expectations, with revenue increasing 10.8% year over year. Agentforce annual recurring revenue surpassed $1.5 billion, growing 240%, reinforcing the view that customers are adopting Salesforce’s AI agents at scale. Salesforce Q2 2027 Earnings Call Transcript
• Positive Sentiment: Anthropic partnership supports the AI narrative: Reports highlighting Salesforce’s “Claudeforce” integration with Anthropic are adding to expectations that Salesforce can deliver more capable enterprise automation tools and monetize generative AI. Salesforce and Anthropic partnership
• Positive Sentiment: Analyst support: Argus raised its Salesforce price target from $290 to $300 and maintained a Buy rating. Wolfe Research also upgraded the stock, adding further momentum after the earnings report. Salesforce price-target update
• Positive Sentiment: Sector sentiment has improved: Salesforce’s results are helping ease “SaaSpocalypse” concerns that AI could weaken traditional software demand. Investors are instead seeing evidence that AI may increase demand for enterprise platforms. SaaS software stock rally

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CRM shares. Guggenheim restated a “buy” rating and issued a $228.00 price target on shares of Salesforce in a report on Thursday. BMO Capital Markets raised their target price on Salesforce from $230.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price target on shares of Salesforce in a research note on Thursday, August 27th. TD Cowen raised their price objective on Salesforce from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday. Finally, HC Wainwright lowered Salesforce to a “negative” rating in a research report on Thursday, June 18th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $262.12.

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.