Allworth Financial LP Sells Nearly Quarter Million in Salesforce Stock
Allworth Financial LP reduced its stake in Salesforce Inc. by 24.4% during the second quarter, selling 12,593 shares and owning 39,089 at the end of the period.
The firm's holdings in CRM were worth $6,124,000 at the end of the most recent reporting period.
This is part of a larger trend of institutional investors buying and selling Salesforce stock. In the fourth quarter, Commonwealth Retirement Investments LLC acquired a new position valued at $25,000, while Birchwood Financial Partners Inc. bought 28,000 shares worth about $28,000.
Despite some concerns over valuation and profit-taking, many analysts remain bullish on Salesforce's long-term growth potential. The company has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS.