Salesforce Inc. $CRM Holdings Boosted by Amundi

Amundi lifted its stake in Salesforce Inc. (NYSE:CRM) by 26.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,755,317 shares of the CRM provider’s stock after purchasing an additional 1,612,413 shares during the quarter. Salesforce accounts for 0.7% of Amundi’s portfolio, making the stock its 16th largest position. Amundi owned about 0.81% of Salesforce worth $2,087,545,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Salesforce by 1.0% in the second quarter. Vanguard Group Inc. now owns 88,823,481 shares of the CRM provider’s stock worth $24,221,275,000 after buying an additional 909,853 shares during the last quarter. Geode Capital Management LLC grew its position in Salesforce by 0.6% during the second quarter. Geode Capital Management LLC now owns 20,873,900 shares of the CRM provider’s stock worth $5,669,224,000 after buying an additional 114,504 shares in the last quarter. Norges Bank acquired a new stake in shares of Salesforce during the 2nd quarter valued at about $2,826,049,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Salesforce by 6.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock valued at $2,484,616,000 after acquiring an additional 600,386 shares during the period. Finally, Nuveen LLC bought a new stake in Salesforce during the first quarter worth about $2,039,196,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insiders Place Their Bets

In other news, insider Parker Harris sold 134,662 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the completion of the sale, the insider owned 139,767 shares in the company, valued at $32,803,314.90. The trade was a 49.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of the stock in a transaction dated Tuesday, September 9th. The stock was bought at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of the purchase, the director owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. The trade was a 801.89% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders sold 184,284 shares of company stock worth $43,862,999. 3.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CRM shares. Citigroup reiterated an “outperform” rating on shares of Salesforce in a research report on Thursday. Guggenheim reissued a “neutral” rating on shares of Salesforce in a research report on Thursday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Salesforce in a report on Monday, November 24th. Wall Street Zen raised shares of Salesforce from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Finally, Piper Sandler restated an “overweight” rating on shares of Salesforce in a research note on Thursday. Twenty-nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and an average price target of $326.27.

Salesforce Price Performance

Salesforce stock opened at $247.92 on Friday. The stock has a market capitalization of $236.02 billion, a P/E ratio of 33.10, a price-to-earnings-growth ratio of 1.87 and a beta of 1.25. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. Salesforce Inc. has a 52 week low of $221.96 and a 52 week high of $367.15. The stock has a fifty day moving average of $242.92 and a 200-day moving average of $253.07.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.39. Salesforce had a net margin of 17.91% and a return on equity of 14.35%. The company had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $10.27 billion. During the same period in the prior year, the business earned $2.41 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, sell-side analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Company Profile

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.