Pure Financial Advisors LLC Invests $718,000 in Salesforce Inc. $CRM

Pure Financial Advisors LLC bought a new stake in Salesforce Inc. (NYSE:CRM) during the second quarter, Holdings Channel reports. The firm bought 4,585 shares of the CRM provider’s stock, valued at approximately $718,000.

Several other institutional investors have also recently bought and sold shares of the company. Commonwealth Retirement Investments LLC bought a new stake in Salesforce during the fourth quarter valued at about $25,000. Manning & Napier Advisors LLC acquired a new position in shares of Salesforce during the 2nd quarter worth about $26,000. Gilpin Wealth Management LLC bought a new stake in Salesforce during the 4th quarter valued at approximately $26,000. Persistent Asset Partners Ltd bought a new position in Salesforce in the 2nd quarter worth approximately $27,000. Finally, Costello Asset Management INC grew 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 acquiring an additional 119 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Stock Up 0.2%

Shares of CRM opened at $206.01 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. The company has a 50-day moving average price of $177.13 and a two-hundred day moving average price of $181.60. The stock has a market cap of $168.72 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 1.11 and a beta of 1.16. Salesforce Inc. has a 12 month low of $146.32 and a 12 month high of $269.11.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, beating the consensus estimate of $3.27 by $2.63. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The company had revenue of $11.35 billion for the quarter, compared to analyst estimates of $11.33 billion. During the same period in the prior year, the company posted $2.91 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. 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 predict that Salesforce Inc. will post 10.27 EPS for the current fiscal year.

More Salesforce News

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.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CRM. Macquarie Infrastructure cut their target price on shares of Salesforce from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Thursday, May 28th. Monness Crespi & Hardt upped their price objective on shares of Salesforce from $200.00 to $222.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Truist Financial cut shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Barclays raised Salesforce from an “overweight” rating to an “overweight” rating in a report on Thursday, June 18th. Finally, BTIG Research reiterated a “buy” rating and issued a $255.00 price objective on shares of Salesforce in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $248.72.

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.