Perennial Investment Advisors LLC Makes New Investment in Salesforce Inc. $CRM

Perennial Investment Advisors LLC bought a new position in Salesforce Inc. (NYSE:CRM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,702 shares of the CRM provider’s stock, valued at approximately $1,206,000.

Several other institutional investors have also recently modified their holdings of the company. Ausdal Financial Partners Inc. purchased a new stake in shares of Salesforce in the 2nd quarter valued at $653,000. Bank of America Corp DE purchased a new position in Salesforce in the 2nd quarter worth approximately $1,914,086,000. Blodgett Wealth Advisors LLC purchased a new stake in shares of Salesforce during the second quarter valued at approximately $475,000. Magnolia Capital Advisors LLC purchased a new position in shares of Salesforce in the second quarter worth $799,000. Finally, Caisse de depot et placement du Quebec bought a new stake in Salesforce in the 2nd quarter worth $69,902,000. 80.43% of the stock is currently owned by institutional investors.

Salesforce Trading Up 0.2%

NYSE:CRM opened at $206.01 on Thursday. Salesforce Inc. has a one year low of $146.32 and a one year high of $269.11. The business has a fifty day moving average price of $177.13 and a 200-day moving average price of $181.60. The firm has a market capitalization of $168.72 billion, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 1.11 and a beta of 1.16. 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 (NYSE:CRM) last released its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) 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 business had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.33 billion. During the same quarter in the previous year, the company posted $2.91 earnings per share. Salesforce’s revenue for the quarter was up 10.8% on a year-over-year basis. 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 forecast that Salesforce Inc. will post 10.27 EPS for the current year.

Salesforce News Roundup

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 have weighed in on CRM. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price objective on shares of Salesforce in a report on Thursday, August 20th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Salesforce in a research report on Tuesday, July 21st. Daiwa Securities Group reduced their target price on shares of Salesforce from $295.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, June 2nd. Weiss Ratings upgraded Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Finally, BTIG Research reissued a “buy” rating and set a $255.00 price objective on shares of Salesforce in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.72.

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.