Baird Financial Group Inc. reduced its stake in Salesforce Inc. (NYSE:CRM – Free Report) by 13.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 273,547 shares of the CRM provider’s stock after selling 40,781 shares during the quarter. Baird Financial Group Inc.’s holdings in Salesforce were worth $42,854,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. California State Teachers Retirement System raised its stake in Salesforce by 13,260.5% during the second quarter. California State Teachers Retirement System now owns 188,085,056 shares of the CRM provider’s stock valued at $29,465,405,000 after buying an additional 186,677,290 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Salesforce in the second quarter worth $11,396,844,000. State Street Corp grew its stake in shares of Salesforce by 1.3% in the fourth quarter. State Street Corp now owns 50,080,230 shares of the CRM provider’s stock worth $13,286,909,000 after acquiring an additional 659,573 shares during the last quarter. J. Stern & Co. LLP increased its holdings in shares of Salesforce by 24,056.7% during the fourth quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock valued at $12,552,896,000 after acquiring an additional 47,189,352 shares in the last quarter. Finally, Capital International Investors increased its holdings in shares of Salesforce by 13.3% during the fourth quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider’s stock valued at $6,019,199,000 after acquiring an additional 2,669,891 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.
Insiders Place Their Bets
In other news, Director Craig Conway sold 4,500 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the transaction, the director directly owned 5,437 shares of the company’s stock, valued at $1,416,936.57. This represents a 45.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.50% of the company’s stock.
Trending Headlines about Salesforce
- Salesforce Looks Overbought, But the Rally May Be Far From Over
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment:Agentforce momentum is improving. Agentforce annual recurring revenue reportedly surpassed $1.5 billion, signaling increasing customer adoption of Salesforce’s AI agents. However, the business remains relatively small compared with Salesforce’s overall revenue base, suggesting a gradual rather than explosive effect on growth. Agentforce ARR Hits $1.5B: Can It Boost Salesforce’s Revenue Growth?
- Positive Sentiment:Analysts continue to identify long-term growth potential. Coverage points to stabilizing growth, rising AI monetization and a valuation that remains below some major enterprise-software peers. Salesforce’s recent earnings beat, including quarterly revenue of $11.35 billion and earnings of $5.90 per share, also supports the bullish case. Why Salesforce Is a Top Growth Stock for the Long Term
- Neutral Sentiment:Investors are awaiting next week’s Dreamforce and Investor Day events. Management could provide additional details on Agentforce adoption, AI monetization and future growth targets, potentially clarifying whether the recent rally can continue. Salesforce Is Nearly Fully Priced: Why Bulls Say This Is Just the Beginning
- Negative Sentiment:Salesforce is reportedly in preliminary talks to acquire Listen Labs for approximately $2 billion. The AI customer-research platform was last valued at about $500 million, raising concerns about the purchase price, integration risk and whether the acquisition will generate sufficient returns. The uncertainty appears to be weighing on CRM. Salesforce Has Held Talks to Buy Listen Labs
- Negative Sentiment:Valuation and profit-taking remain risks. After a sharp recent rally, some commentary describes the stock as close to fully priced, leaving less room for disappointment if AI revenue growth does not accelerate rapidly. Salesforce Stock Gains 34% in a Month
Salesforce Price Performance
CRM opened at $244.19 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $200.97 billion, a P/E ratio of 22.26, a P/E/G ratio of 1.15 and a beta of 1.20. The company’s 50-day simple moving average is $197.36 and its two-hundred day simple moving average is $186.34. Salesforce Inc. has a 52-week low of $146.32 and a 52-week high of $269.11.
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