Courier Capital LLC reduced its position in Salesforce Inc. (NYSE:CRM – Free Report) by 40.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,964 shares of the CRM provider’s stock after selling 7,409 shares during the quarter. Courier Capital LLC’s holdings in Salesforce were worth $2,517,000 at the end of the most recent reporting period.
- Salesforce Just Got a Rare Double Upgrade—What Changed?
Several other hedge funds have also recently added to or reduced their stakes in CRM. Temasek Holdings Private Ltd increased its stake in shares of Salesforce by 3.7% in the 4th quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock worth $181,143,000 after acquiring an additional 24,332 shares during the last quarter. Fluent Financial LLC acquired a new stake in Salesforce during the second quarter worth about $2,265,000. TAM Capital Management Inc. acquired a new position in Salesforce in the 1st quarter valued at about $40,945,000. Secured Retirement Advisors LLC purchased a new stake in shares of Salesforce in the 1st quarter valued at approximately $1,004,000. Finally, Janus Henderson Group PLC grew its stake in shares of Salesforce by 2.5% in the 1st quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock valued at $23,846,000 after buying an additional 3,125 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.
Salesforce News Roundup
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment:Bank of America upgraded Salesforce from Underperform to Buy and raised its price target to $285 from $160. The firm believes AI should deepen customers’ dependence on Salesforce’s enterprise software, citing stronger Agentforce adoption, an attractive valuation and the company’s capital-return plans. Salesforce Just Got a Rare Double Upgrade—What Changed?
- Positive Sentiment:Salesforce agreed to acquire AI analytics platform Loops for an estimated $30 million. Loops is expected to strengthen Tableau and Slack by proactively identifying business trends, anomalies and recommended actions, potentially making Salesforce’s AI tools more valuable and increasing platform retention. Salesforce to Buy AI-Powered Analytics Platform Loops
- Positive Sentiment:Agentforce momentum and the $25 billion share-repurchase program are reinforcing expectations for earnings growth. Recent coverage cited estimated Agentforce annual recurring revenue above $1.5 billion and remaining performance obligations up roughly 14% to $33.5 billion. Salesforce Gets a Rare BofA Double Upgrade
- Positive Sentiment:Salesforce and DocuSign expanded their partnership to bring intelligent agreement management natively to Salesforce, Agentforce and Slack, supporting AI-driven workflows and potentially improving ecosystem engagement. Docusign and Salesforce Launch Intelligent Agreement Management
- Neutral Sentiment:Investors continue to debate whether AI will create durable subscription growth or reduce demand for traditional per-seat software. Salesforce’s shift toward usage-based pricing could mitigate that risk, but Loops integration and Agentforce monetization still need to demonstrate sustained results.
- Negative Sentiment:Short interest has increased, reflecting skepticism about organic growth, while acquisition execution, elevated leverage and broader concerns about AI “cannibalizing” software remain potential risks.
Salesforce Trading Up 1.8%
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