Van ECK Associates Corp Has $16.20 Million Holdings in Salesforce Inc. $CRM

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

A number of other institutional investors have also recently bought and sold shares of CRM. Commonwealth Retirement Investments LLC bought a new position in Salesforce during the 4th quarter worth $25,000. Gilpin Wealth Management LLC bought a new stake in shares of Salesforce during the 4th quarter valued at $26,000. Birchwood Financial Partners Inc. acquired a new stake in shares of Salesforce during the 4th quarter worth $28,000. Swiss RE Ltd. acquired a new stake in shares of Salesforce during the 4th quarter worth $28,000. Finally, Dogwood Wealth Management LLC increased its position in shares of Salesforce by 285.7% in the fourth quarter. Dogwood Wealth Management LLC now owns 108 shares of the CRM provider’s stock worth $29,000 after purchasing an additional 80 shares during the period. Institutional investors own 80.43% of the company’s stock.

Key Stories Impacting Salesforce

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CRM. CLSA assumed coverage on shares of Salesforce in a research report on Monday, July 20th. They set a “hold” rating and a $165.00 price objective for the company. Morgan Stanley boosted their target price on shares of Salesforce from $185.00 to $235.00 and gave the company an “equal weight” rating in a research report on Thursday, August 27th. Citigroup upped their price target on shares of Salesforce from $204.00 to $233.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. Daiwa Securities Group decreased their price objective on shares of Salesforce from $295.00 to $280.00 and set a “buy” rating on the stock in a research note on Tuesday, June 2nd. Finally, Wedbush assumed coverage on Salesforce in a research note on Wednesday, July 1st. They set an “outperform” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and an average price target of $262.12.

Salesforce Stock Performance

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

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. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The company had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.33 billion. During the same period in the prior year, the business earned $2.91 earnings per share. The company’s revenue for the quarter 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. On average, equities analysts forecast that Salesforce Inc. will post 12.77 earnings per share for the current fiscal 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.