Lone Peak Global Investors LLC Takes Position in Salesforce Inc. $CRM

Lone Peak Global Investors LLC acquired a new stake in shares of Salesforce Inc. (NYSE:CRM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 113,078 shares of the CRM provider’s stock, valued at approximately $17,715,000. Salesforce makes up about 2.4% of Lone Peak Global Investors LLC’s holdings, making the stock its 24th largest holding.

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

Wall Street Analyst Weigh In

CRM has been the subject of several recent research reports. HSBC boosted their price target on shares of Salesforce from $350.00 to $356.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 price objective on shares of Salesforce in a report on Thursday, August 27th. Susquehanna began coverage on Salesforce in a research note on Wednesday, July 1st. They issued a “neutral” rating for the company. Jefferies Financial Group increased their target price on Salesforce from $250.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Finally, KeyCorp cut Salesforce from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $262.12.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: AI adoption is becoming a revenue driver. Agentforce annual recurring revenue surpassed $1.5 billion, rising 240% year over year, while Salesforce introduced “Claudeforce,” an integration of Anthropic’s Claude with Salesforce customer data. The partnership supports the company’s argument that AI will expand, rather than replace, its platform. Salesforce Bets Its Next Chapter on an Unlikely AI Marriage
• Positive Sentiment: Analysts remain bullish. TD Cowen reiterated a Buy rating and raised its price target to $300 from $280. Argus also lifted its target to $300 and maintained a Buy rating, reinforcing expectations for additional upside after CRM’s recent rally. What’s Going On With Salesforce Stock?
• Positive Sentiment: Enterprise demand remains resilient. Quarterly revenue increased approximately 11% year over year, future contracted revenue accelerated and customer churn approached record lows. Salesforce also raised its fiscal-year guidance, helping validate the post-earnings rally. Salesforce Looks Overbought, But the Rally May Be Far From Over
• Positive Sentiment: The AI ecosystem is broadening. Salesforce led an investment in workforce-data platform HiBob, while Sinch added a Mailgun Inspect email tool to AgentExchange. These moves expand potential AI applications in human resources, marketing and customer workflows. Salesforce Backs Workforce AI and Adds New AgentExchange Email Tool
• Neutral Sentiment: Northland Securities raised its fiscal 2027 EPS estimate to $12.75 from $11.35, close to the $12.77 consensus, but reduced estimates for the third and fourth quarters. This suggests stronger full-year expectations may already reflect much of the near-term improvement.
• Negative Sentiment: Technical risk has increased. CRM’s RSI is above 80 after a sharp recovery from its August lows, indicating overbought conditions and the possibility of profit-taking or a near-term pullback even if the long-term AI thesis remains intact. Salesforce Looks Overbought, But the Rally May Be Far From Over

Salesforce Stock Performance

Salesforce stock opened at $258.00 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02. The firm has a market cap of $212.33 billion, a P/E ratio of 23.52, a P/E/G ratio of 1.19 and a beta of 1.20. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $269.11. The firm has a 50-day moving average of $185.49 and a 200-day moving average of $183.44.

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, 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 for the quarter, compared to the consensus estimate of $11.33 billion. During the same quarter in the previous year, the business earned $2.91 EPS. Salesforce’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. Sell-side analysts expect that Salesforce Inc. will post 12.64 EPS for the current 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.