Salesforce Sees Significant Shifts in Institutional Ownership
Salesforce Inc. (NYSE:CRM) has seen significant changes in its institutional ownership over the past few quarters, according to the latest 13F filing with the Securities and Exchange Commission.
Kintra Wealth LLC, a prominent investor, increased its stake in Salesforce by 117% during the second quarter, purchasing an additional 2,101 shares. As of its most recent filing, Kintra Wealth LLC's holdings in Salesforce were valued at $610,000.
This is not an isolated instance; several other institutional investors have also modified their positions in CRM over the past few quarters. Temasek Holdings Private Ltd, for example, grew its stake by 3.7% during the fourth quarter, acquiring an additional 24,332 shares valued at $181,143,000.
Analysts remain optimistic about Salesforce's prospects, with a Moderate Buy rating and an average target price of $266.50 among top-rated analysts. However, some experts have cautioned that the stock may be overbought, and investors should exercise caution when considering a purchase.