Maridea Wealth Management LLC bought a new position in shares of Salesforce Inc. (NYSE:CRM – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,911 shares of the CRM provider’s stock, valued at approximately $456,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commonwealth Retirement <a href="https://bitcomme.com/this-is-what-a-1000-investment-in-sandisk-will-be-worth-by-2030/” title=”This Is What a $1,000 Investment in Sandisk Will Be Worth by 2030″>Investments LLC acquired a new position in shares of Salesforce in the fourth quarter worth approximately $25,000. Key Capital Management INC acquired a new stake in Salesforce during the 4th quarter valued at approximately $26,000. Gilpin Wealth Management LLC acquired a new stake in Salesforce during the 4th quarter valued at approximately $26,000. Swiss RE Ltd. bought a new position in Salesforce during the 4th quarter worth approximately $28,000. Finally, Birchwood Financial Partners Inc. bought a new position in Salesforce during the 4th quarter worth approximately $28,000. 80.43% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on CRM. Wolfe Research lowered shares of Salesforce from an “outperform” rating to a “hold” rating in a research note on Wednesday, July 1st. Citigroup raised shares of Salesforce from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. Scotiabank lowered shares of Salesforce from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, June 18th. Erste Group Bank raised shares of Salesforce from a “hold” rating to a “buy” rating in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group upgraded Salesforce from a “buy” rating to a “buy” rating in a report on Wednesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.05.
Read Our Latest Stock Analysis on CRM
Trending Headlines about Salesforce
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment:JPMorgan resumed coverage with an Overweight rating and a $250 price target, citing potential acceleration in Salesforce’s core business during the second half of the year. The target implies more than 24% upside from recent levels. JPMorgan bullish Salesforce coverage
- Positive Sentiment:Monness Crespi & Hardt raised its Salesforce price target to $222 from $200 and maintained a Buy rating. UBS and Wells Fargo also reportedly forecast strong appreciation, reinforcing improving sell-side sentiment. Monness Crespi Salesforce price target
- Positive Sentiment:Salesforce’s Agentforce platform is gaining traction, giving the company a way to use its large CRM customer base to compete with Microsoft and Oracle in enterprise “agentic” AI. Salesforce agentic AI analysis
- Positive Sentiment:A Seeking Alpha analysis argues that Salesforce’s $27.1 billion share-repurchase program, equivalent to an estimated 23% net buyback yield, could support earnings-per-share growth. The stock also appears inexpensive at roughly 14 times forward earnings, although buybacks have increased debt. Salesforce buyback analysis
- Neutral Sentiment:Salesforce has recently posted strong momentum, with reports noting three consecutive weeks of gains and substantial one-month appreciation. That run may be encouraging investors, but it also raises the possibility of profit-taking.
- Negative Sentiment:Parnassus Investments indicated that Salesforce has lost favor as AI opportunities shift toward competing or substitute technologies. Other commentary likewise warns that alternative software and AI-native tools threaten Salesforce’s traditional CRM franchise. Salesforce AI competition concerns
Salesforce Stock Performance
- Technology Stocks Just Got Cheaper—Here Are 5 Mega-Caps Worth a Closer Look
Ad Stansberry Research
Here’s the stock symbol I’ve promised
Whitney Tilson of Stansberry Research has long recommended Berkshire Hathaway as a core retirement holding – but now he believes he’s found something better.nnThis under-the-radar company sits at the intersection of America’s two most important industries, including AI, pays massive dividends, and attracted a famous money manager who put 60% of his multi-billion-dollar fund into it. Tilson is revealing the name and ticker symbol completely free – no credit card or email required.
Get the stock name and ticker symbol free of charge today
