Kingsview Wealth Management LLC Purchases New Stake in Salesforce Inc. $CRM

Kingsview Wealth Management LLC purchased a new stake in shares of Salesforce Inc. (NYSE:CRM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 24,179 shares of the CRM provider’s stock, valued at approximately $3,788,000.

A number of other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Salesforce during the second quarter valued at about $11,396,844,000. J. Stern & Co. LLP grew its stake in shares of Salesforce by 24,056.7% in the fourth quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock worth $12,552,896,000 after purchasing an additional 47,189,352 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Salesforce in the second quarter worth about $1,914,086,000. Norges Bank purchased a new position in Salesforce during the 4th quarter valued at about $3,182,951,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Salesforce by 130.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock valued at $2,363,096,000 after purchasing an additional 7,160,302 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Stock Up 1.8%

Shares of NYSE:CRM opened at $256.60 on Friday. The firm has a market capitalization of $210.16 billion, a P/E ratio of 23.39, a P/E/G ratio of 1.38 and a beta of 1.16. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.79 and a current ratio of 0.84. The stock has a 50 day moving average price of $181.24 and a 200-day moving average price of $182.55. Salesforce Inc. has a 52-week low of $146.32 and a 52-week high of $269.11.

Salesforce (NYSE:CRM) last released its quarterly earnings results 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. The company had revenue of $11.35 billion for the quarter, compared to analyst estimates of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The firm’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.91 earnings per share. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. As a group, equities research analysts anticipate that Salesforce Inc. will post 12.77 EPS for the current fiscal year.

Key Stories 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.

Wall Street Analyst Weigh In

CRM has been the subject of several research analyst reports. Citizens Jmp reiterated a “market outperform” rating and issued a $315.00 price objective on shares of Salesforce in a report on Tuesday, August 25th. Wedbush began coverage on Salesforce in a research note on Wednesday, July 1st. They set an “outperform” rating on the stock. Barclays raised their price target on Salesforce from $236.00 to $276.00 and gave the stock an “overweight” rating in a research note on Thursday. Macquarie Infrastructure cut their price target on shares of Salesforce from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Thursday, May 28th. Finally, Scotiabank downgraded shares of Salesforce from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, June 18th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.15.

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.