Milestone Asset Management LLC raised its position in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 190.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,197 shares of the CRM provider’s stock after purchasing an additional 8,655 shares during the period. Milestone Asset Management LLC’s holdings in Salesforce were worth $3,030,000 at the end of the most recent quarter.
- Salesforce Just Got a Rare Double Upgrade—What Changed?
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. ABS Direct Equity Fund LLC acquired a new stake in shares of Salesforce in the second quarter valued at approximately $25,000. Manning & Napier Advisors LLC bought a new position in Salesforce in the 2nd quarter worth approximately $26,000. Persistent Asset Partners Ltd bought a new position in Salesforce in the 2nd quarter worth approximately $27,000. Costello Asset Management INC grew its holdings in Salesforce by 410.3% in the 1st quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock worth $28,000 after buying an additional 119 shares in the last quarter. Finally, Gables Capital Management Inc. acquired a new stake in Salesforce in the 2nd quarter valued at approximately $28,000. 80.43% of the stock is owned by institutional investors and hedge funds.
More Salesforce News
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment:An analyst upgrade helped lift Salesforce, adding to favorable sentiment around its valuation, earnings outlook and AI growth prospects. Salesforce Shares Climb on Analyst Upgrade
- Positive Sentiment:Salesforce benefited from broad strength in enterprise software and a major United Kingdom deal, while technical analysts pointed to a bullish flag breakout, a double-bottom pattern and a weekly reversal that could extend the recovery. Why Is Salesforce Stock Gaining Thursday?Salesforce Price Forecast
- Positive Sentiment:ZoomInfo was named a flagship data partner for Salesforce’s new Hunter outbound sales agent. Hunter will combine CRM data with live intelligence to identify prospects and recommend next actions, reinforcing Salesforce’s strategy of embedding AI into Sales Cloud. ZoomInfo Named a Flagship Data Partner for Hunter
- Positive Sentiment:One investment-fund review argued that Salesforce’s AI integration is increasing the value of its core enterprise platform. Another comparison gave Salesforce an edge over ServiceNow based on stronger earnings-estimate revisions, faster AI growth and a lower valuation. Salesforce AI Integration Enhances Platform Value<a href="https://www.zacks.com/stock/news/3007130/salesforce-vs-servicenow-which-ai-software-stock-has-the-edge?cid=CS-STOCKNEWSAPI-FT-analyst_blog%7Cmost_popular_stocks-3007130″ rel=”nofollow noopener” target=”_blank”>Salesforce vs. ServiceNow
- Neutral Sentiment:Investors continue comparing Salesforce with ServiceNow. Salesforce generates more revenue, but ServiceNow has posted faster and more consistent year-over-year growth, highlighting the need for Salesforce to accelerate its expansion. Salesforce vs. ServiceNow Revenue Trends
- Negative Sentiment:Some investors remain skeptical that agentic AI will meaningfully improve Salesforce’s profits, particularly because many customers have not yet upgraded to newer offerings. That uncertainty could limit further gains until AI monetization becomes clearer. Agentic AI Skepticism
Wall Street Analysts Forecast Growth
- Wall Street Left Software for Dead: 4 Stocks Institutions Are Buying Back
Several analysts have weighed in on the company. DA Davidson set a $225.00 target price on Salesforce in a research note on Thursday, September 17th. Barclays lowered Salesforce from an “overweight” rating to a “positive” rating in a research report on Monday. The Goldman Sachs Group reissued a “buy” rating on shares of Salesforce in a report on Thursday, August 27th. Truist Financial restated a “buy” rating and set a $300.00 price objective (up from $280.00) on shares of Salesforce in a research note on Thursday, August 27th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $300.00 price objective on shares of Salesforce in a report on Thursday, September 17th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $278.12.
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