Movement Alert|Salesforce.com Rises 3.2% in Regular Trading, Strategic Investment in HiBob Reinforces AI-Driven Growth Narrative

Market Focus09-03 21:37

On September 3, Salesforce.com rose 3.2% in regular trading, trading at $264.983 per share with turnover of $314 million, extending gains following its strong Q2 earnings report and a fresh strategic investment announcement.

On the news front, Salesforce.com is leading a $160 million funding round in human resources software company HiBob, valuing the startup at over $3.2 billion. Salesforce.com is providing the majority of the funds, with Farallon Capital Management also participating. HiBob plans to use the proceeds to invest in its HR platform, explore acquisitions, and expand geographically. The move signals Salesforce.com's continued commitment to expanding its enterprise software ecosystem through strategic capital deployment.

The investment comes amid sustained post-earnings momentum. Salesforce.com reported Q2 revenue of $11.35 billion, up 11% year-over-year, with adjusted EPS of $5.90, far exceeding consensus estimates of $3.27. Multiple analysts have since raised price targets, with Rothschild maintaining a Buy rating at $325 and Truist Securities lifting its target to $300, reinforcing bullish sentiment around the company's AI-driven growth trajectory.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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