Rakuten Securities Acquires New Stake in Salesforce

Rakuten Securities Inc. has purchased a new stake in Salesforce Inc., acquiring 7,676 shares of the CRM provider's stock valued at approximately $1,203,000.

This is not an isolated incident as other large investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Salesforce in the 2nd quarter valued at approximately $11,396,844,000.

Salesforce has seen significant growth in recent quarters, with revenue up 13.3% year over year and earnings per share of $3.88, beating analysts' consensus estimates of $3.13 by $0.75.

Analysts are expecting Salesforce to post 10.27 earnings per share for the current fiscal year, with a guidance set at 14.060-14.120 EPS for FY 2027 and 3.250-3.270 EPS for Q2 2027.