SalesforceCRM
Market Cap: $233B
About: Salesforce provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.
Employees: 72,682
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
29% more repeat investments, than reductions
Existing positions increased: 1,201 | Existing positions reduced: 931
1% less call options, than puts
Call options by funds: $5.36B | Put options by funds: $5.39B
1.97% less ownership
Funds ownership: 81.6% [Q1] → 79.63% (-1.97%) [Q2]
6% less funds holding
Funds holding: 2,688 [Q1] → 2,533 (-155) [Q2]
15% less capital invested
Capital invested by funds: $238B [Q1] → $201B (-$36.8B) [Q2]
42% less funds holding in top 10
Funds holding in top 10: 130 [Q1] → 76 (-54) [Q2]
47% less first-time investments, than exits
New positions opened: 173 | Existing positions closed: 328
Research analyst outlook
29 Wall Street Analysts provided 1 year price targets over the past 3 months
29 analyst ratings
B of A Securities Brad Sills 54% 1-year accuracy 15 / 28 met price target | 33%upside $325 | Buy Maintained | 6 Sept 2024 |
Needham Scott Berg 33% 1-year accuracy 46 / 140 met price target | 41%upside $345 | Buy Reiterated | 6 Sept 2024 |
Phillip Securities Ambrish Shah 0% 1-year accuracy 0 / 1 met price target | 25%upside $305 | Accumulate Downgraded | 30 Aug 2024 |
Truist Securities Terry Tillman 65% 1-year accuracy 28 / 43 met price target | 23%upside $300 | Buy Reiterated | 30 Aug 2024 |
Bernstein Mark Moerdler 70% 1-year accuracy 7 / 10 met price target | 3%downside $236 | Outperform Maintained | 29 Aug 2024 |
Financial journalist opinion
Based on 124 articles about CRM published over the past 30 days