Russell Investments Group Ltd. trimmed its holdings in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 1.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,501,892 shares of the CRM provider’s stock after selling 22,835 shares during the period. Russell Investments Group Ltd. owned about 0.18% of Salesforce worth $344,014,000 as of its most recent SEC filing.
- 5 Stocks to Buy in November: Bargains Worth Giving Thanks For
Several other hedge funds have also recently added to or reduced their stakes in CRM. BlackRock Inc. acquired a new stake in shares of Salesforce during the 2nd quarter valued at $11,396,844,000. Bank of America Corp DE bought a new stake in shares of Salesforce during the 2nd quarter worth $1,914,086,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Salesforce by 130.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock worth $2,363,096,000 after acquiring an additional 7,160,302 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Salesforce in the 2nd quarter worth $927,332,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Salesforce during the second quarter worth $844,928,000. Institutional investors and hedge funds own 80.43% of the company’s stock.
Insider Activity
In other Salesforce news, Director David Blair Kirk bought 4,176 shares of the company’s stock in a transaction dated Friday, September 18th. The shares were bought at an average price of $239.33 per share, for a total transaction of $999,442.08. Following the acquisition, the director directly owned 18,748 shares of the company’s stock, valued at approximately $4,486,958.84. This trade represents a 28.66% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Craig Conway sold 4,500 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 5,437 shares of the company’s stock, valued at $1,416,936.57. This trade represents a 45.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 3.50% of the company’s stock.
Salesforce Stock Performance
- Buy the Dip: 4 Stocks the Market Marked Down Too Far Ahead of Big Catalysts
Shares of Salesforce stock opened at $217.38 on Friday. The stock has a market cap of $178.91 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 0.99 and a beta of 1.24. The business has a fifty day simple moving average of $236.19 and a 200-day simple moving average of $198.42. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. Salesforce Inc. has a 12 month low of $146.32 and a 12 month high of $269.11.
Ad Weiss Ratings
Drop these 5 stocks before the market opens tomorrow!
The Wall Street Journal called it the “$64 trillion question”: is a stock market crash on the way? Weiss Ratings’ latest research says 2026 could be very rough for some well-known stocks.nnA major shift now taking shape in the market could hit some of America’s most-loved names hard. Weiss analysts have pinpointed five stocks they believe investors should steer clear of while it plays out.
See the five stocks Weiss Ratings analysts are watching closely now.
