Kingsview Wealth Management LLC Buys Shares of 24,179 Salesforce Inc. $CRM

Kingsview Wealth Management LLC purchased a new position in Salesforce Inc. (NYSE:CRM) during the second quarter, HoldingsChannel.com reports. The fund purchased 24,179 shares of the CRM provider’s stock, valued at approximately $3,788,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commonwealth Retirement Investments LLC bought a new stake in Salesforce in the fourth quarter worth $25,000. Gilpin Wealth Management LLC purchased a new position in Salesforce in the fourth quarter worth about $26,000. Birchwood Financial Partners Inc. bought a new position in shares of Salesforce in the fourth quarter worth approximately $28,000. Swiss RE Ltd. bought a new position in shares of Salesforce in the fourth quarter worth approximately $28,000. Finally, Dogwood Wealth Management LLC grew its holdings in shares of Salesforce by 285.7% during the fourth quarter. Dogwood Wealth Management LLC now owns 108 shares of the CRM provider’s stock valued at $29,000 after buying an additional 80 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Stock Performance

CRM stock opened at $256.60 on Friday. The company has a market cap of $210.16 billion, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 1.38 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 company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.79. The stock’s fifty day moving average price is $181.24 and its 200-day moving average price is $182.55.

Salesforce (NYSE:CRM) last posted 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. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The company had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.33 billion. During the same quarter in the prior year, the business earned $2.91 earnings per share. Salesforce’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 year.

Analyst Ratings Changes

Several analysts have commented on the company. TD Cowen increased their target price on Salesforce from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday. KeyCorp cut Salesforce from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, July 8th. BMO Capital Markets upped their price target on Salesforce from $230.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday. Canaccord Genuity Group reaffirmed a “buy” rating and set a $225.00 price objective on shares of Salesforce in a research report on Tuesday, August 25th. Finally, Roth Capital reiterated a “buy” rating and issued a $325.00 price objective on shares of Salesforce in a report on Thursday, May 28th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and an average target price of $261.15.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Strong quarterly beat and raised outlook: Salesforce reported adjusted EPS of $5.90 versus the $3.27 consensus estimate, while revenue rose 10.8% year over year to $11.35 billion, broadly topping expectations. Management raised its fiscal 2027 revenue outlook to approximately $46.1 billion-$46.4 billion and pointed to stronger bookings, lower attrition and potential organic growth reacceleration. Salesforce Stock Soars After Strong Results, Raised Outlook
• Positive Sentiment: AI partnership strengthens the growth narrative: Salesforce expanded its alliance with Anthropic, integrating Claude into Agentforce and launching “Claudeforce,” which places Salesforce CRM capabilities inside Claude. Investors viewed the agreement as evidence that Salesforce can monetize AI and benefit from rising usage; Agentforce and Data 360 annual recurring revenue approached $3.9 billion, with Agentforce ARR reaching about $1.5 billion. Salesforce Soars on Earnings Beat and AI Partnership
• Positive Sentiment: Analyst and institutional support: Wolfe Research upgraded CRM to “strong buy,” while several firms raised price targets, including Truist to $300, JPMorgan to $265 and Mizuho to $265. Heavy trading and reports of institutional buying suggest investors are reassessing the stock’s valuation and the broader software sector’s AI prospects.
• Neutral Sentiment: Profit quality warrants scrutiny: Strategic investment gains contributed $2.53 of the $5.90 adjusted EPS, including an estimated $2.7 billion unrealized gain tied to Salesforce’s Anthropic investment. This boosted reported earnings but may not represent recurring operating performance. Salesforce Stock Just Soared. Thank Anthropic.
• Negative Sentiment: Valuation and execution risks remain: After the rally, some analysts still see limited upside or downside, with UBS, Citi, Morgan Stanley and Wells Fargo retaining neutral or equivalent ratings. Critics also caution that Anthropic could control the AI orchestration layer, potentially limiting Salesforce’s long-term strategic leverage, while the rapid move may already price in much of the AI opportunity.

Salesforce 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.