Generali Investments Management Co LLC reduced its position in Salesforce Inc. (NYSE:CRM – Free Report) by 30.5% in the <a href="https://bitcomme.com/transact-technologies-reports-preliminary-second-quarter-2026-financial-results/” title=”TransAct Technologies Reports Preliminary Second Quarter 2026 Financial Results”>second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,998 shares of the CRM provider’s stock after selling 3,504 shares during the quarter. Generali Investments Management Co LLC’s holdings in Salesforce were worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in the company. Commonwealth Retirement Investments LLC purchased a new stake in Salesforce in the 4th quarter worth about $25,000. Key Capital Management INC purchased a new stake in Salesforce during the fourth quarter valued at about $26,000. Gilpin Wealth Management LLC purchased a new stake in Salesforce during the fourth quarter valued at about $26,000. Legacy Bridge LLC bought a new position in Salesforce during the fourth quarter worth about $27,000. Finally, Texas Capital Bancshares Inc TX bought a new position in Salesforce during the third quarter worth about $28,000. 80.43% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on CRM. Needham & Company LLC reissued a “buy” rating on shares of Salesforce in a research report on Tuesday, June 16th. Evercore reaffirmed an “outperform” rating on shares of Salesforce in a report on Tuesday, July 14th. Weiss Ratings lowered shares of Salesforce from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, July 24th. DA Davidson lowered their target price on shares of Salesforce from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Thursday, May 28th. Finally, Citigroup upgraded Salesforce from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.51.
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