Y Intercept Hong Kong Ltd acquired a new position in Salesforce Inc. (NYSE:CRM – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 63,093 shares of the CRM provider’s stock, valued at approximately $11,778,000.
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Other hedge funds and other institutional investors have also made changes to their positions in the company. Temasek Holdings Private Ltd boosted its position in shares of Salesforce by 3.7% during the 4th quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock valued at $181,143,000 after acquiring an additional 24,332 shares during the last quarter. SFE Investment Counsel increased its position in Salesforce by 82.7% during the fourth quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider’s stock worth $4,608,000 after purchasing an additional 7,871 shares during the last quarter. Van ECK Associates Corp raised its stake in Salesforce by 8.9% during the third quarter. Van ECK Associates Corp now owns 1,299,513 shares of the CRM provider’s stock worth $307,984,000 after purchasing an additional 106,107 shares during the period. Eminence Capital LP raised its stake in Salesforce by 5.6% during the third quarter. Eminence Capital LP now owns 830,536 shares of the CRM provider’s stock worth $196,837,000 after purchasing an additional 43,888 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in Salesforce in the 4th quarter valued at about $997,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.
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Salesforce News Roundup
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment:Guggenheim upgraded Salesforce to Buy and argued the stock’s recent weakness offers a better buying opportunity, helping fuel a rebound in CRM shares. Salesforce Will Face AI Disruption but Stock Still Gets an Upgrade to Buy
- Positive Sentiment:Analysts highlighted Salesforce’s Data 360 momentum, AI-driven recurring revenue growth, and potential Informatica synergies as reasons fiscal 2027 revenue growth could improve. Can Salesforce’s Data 360 Momentum Drive Stronger FY27 Growth?
- Positive Sentiment:Citizens reiterated a Market Outperform rating after Salesforce’s Fin acquisition and Agentforce expansion, reinforcing the bullish AI/productivity narrative. Citizens Reiterates Market Outperform Rating on Salesforce (CRM) Following Fin Acquisition and Agentforce Expansion
- Neutral Sentiment:Several articles noted that Salesforce remains a popular analyst consensus pick, with a “Moderate Buy” view broadly still in place. Salesforce Inc. NYSE: CRM Given Consensus Recommendation of “Moderate Buy” by Analysts
- Negative Sentiment:Despite the upgrade-driven bounce, Salesforce has still been hit by heavy recent selling, with coverage noting it fell more than 10% over the past month and lost over 25% in June, underscoring investor concern about the pace of growth. Salesforce (CRM) Down More Than 10% Over the Past Month, Here’s What You Need to Know
- Negative Sentiment:Some commentary suggested AI expectations may be getting ahead of fundamentals, with analysts debating whether Salesforce’s valuation still fully reflects slower near-term growth. Salesforce (CRM) Stock Sees Modest Fair Value Cut As Analysts Debate AI Growth
Salesforce Stock Up 1.7%
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Salesforce stock opened at $165.94 on Friday. The company has a market capitalization of $135.90 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 1.02 and a beta of 1.18. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $276.80. The firm has a 50 day moving average price of $173.71 and a 200 day moving average price of $197.94.
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