Amundi Boosts Position in Salesforce Inc. $CRM

Amundi boosted its position in Salesforce Inc. (NYSE:CRM) by 26.2% during the 2nd quarter, according to its most recent 13F filing 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 comprises 0.7% of Amundi’s investment portfolio, making the stock its 16th biggest position. Amundi’s holdings in Salesforce were worth $2,087,545,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. M Holdings Securities Inc. purchased a new stake in shares of Salesforce during the 2nd quarter valued at $2,995,000. Mirabella Financial Services LLP grew its stake in shares of Salesforce by 3.2% during the second quarter. Mirabella Financial Services LLP now owns 12,126 shares of the CRM provider’s stock valued at $3,311,000 after buying an additional 375 shares during the last quarter. GeoWealth Management LLC increased its holdings in shares of Salesforce by 1.2% in the second quarter. GeoWealth Management LLC now owns 16,122 shares of the CRM provider’s stock worth $4,396,000 after buying an additional 185 shares during the period. Royal Fund Management LLC lifted its stake in shares of Salesforce by 11.1% in the 2nd quarter. Royal Fund Management LLC now owns 6,366 shares of the CRM provider’s stock valued at $1,736,000 after acquiring an additional 637 shares during the last quarter. Finally, Veltria Advisors Corp. boosted its holdings in Salesforce by 4.9% during the 2nd quarter. Veltria Advisors Corp. now owns 1,616 shares of the CRM provider’s stock valued at $441,000 after acquiring an additional 76 shares during the period. Institutional investors own 80.43% of the company’s stock.

Salesforce Stock Up 3.9%

Salesforce stock opened at $247.92 on Friday. Salesforce Inc. has a 12 month low of $221.96 and a 12 month high of $367.15. The stock has a fifty day simple moving average of $242.92 and a two-hundred day simple moving average of $253.07. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The firm has a market cap of $236.02 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 1.87 and a beta of 1.25.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 EPS for the quarter, beating the consensus estimate of $2.86 by $0.39. Salesforce had a return on equity of 14.35% and a net margin of 17.91%.The company had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $10.27 billion. During the same period last year, the firm posted $2.41 earnings per share. Salesforce’s revenue was up 9.1% compared to the same quarter last year. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Equities analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on CRM shares. Wells Fargo & Company decreased their target price on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 4th. Canaccord Genuity Group restated a “buy” rating and issued a $300.00 target price on shares of Salesforce in a research note on Thursday. Bank of America reduced their price target on Salesforce from $325.00 to $305.00 and set a “buy” rating on the stock in a research note on Monday, November 17th. Macquarie increased their price target on shares of Salesforce from $250.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Roth Capital reissued a “buy” rating and set a $395.00 price target on shares of Salesforce in a research report on Thursday, September 4th. Twenty-nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and a consensus price target of $326.27.

Insider Buying and Selling

In other news, CEO Marc Benioff sold 122 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $259.00, for a total transaction of $31,598.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $3,085,096,889. This represents a 0.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Parker Harris sold 134,662 shares of Salesforce stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total value of $31,605,171.40. Following the completion of the sale, the insider directly owned 139,767 shares of the company’s stock, valued at $32,803,314.90. The trade was a 49.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 184,284 shares of company stock valued at $43,862,999. 3.00% of the stock is currently owned by insiders.

About Salesforce

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.