Tue Jan 28 15:00:00 UTC 2025: ## Salesforce Stock Sees Increased Institutional Investment Despite Insider Selling

**Sioux Falls, SD** – Salesforce, Inc. (NYSE: CRM) experienced a surge in institutional investment during the fourth quarter of 2023, according to recent SEC filings. Foundations Investment Advisors LLC increased its holdings by 15%, now owning 36,473 shares valued at $12.19 million. Several other firms also bought or added to their Salesforce positions, including Infrastructure Capital Advisors LLC, Strategic Investment Solutions Inc. IL, Godsey & Gibb Inc., Annapolis Financial Services LLC, and FSA Wealth Management LLC. Collectively, hedge funds and institutional investors own 80.43% of Salesforce stock.

However, this positive trend was tempered by insider selling. Parker Harris, an insider, sold 4,200 shares on October 29th, representing a 3.4% decrease in his holdings. Similarly, CAO Sundeep G. Reddy sold 500 shares on November 1st, a 7.14% reduction in his ownership. Over the past 90 days, insiders have sold a total of 1,173,891 shares, valued at $402,840,388, representing 3.2% of the company’s stock.

Despite the insider selling, several research analysts have upgraded their price targets and ratings for Salesforce. Loop Capital, Morgan Stanley, Macquarie, Barclays, and BMO Capital Markets all issued positive reports in December, raising their price targets and offering mostly “buy” or “overweight” ratings. Currently, the stock has a “Moderate Buy” rating with an average target price of $377.63.

Salesforce’s stock closed at $347.26 on Monday, with 15,651,688 shares traded. The company recently reported Q4 earnings of $2.41 per share, slightly missing analyst expectations, but exceeding the previous year’s earnings. A quarterly dividend of $0.40 per share was also declared. Salesforce provides CRM technology to businesses globally. While analysts are generally positive on the stock, MarketBeat notes that other stocks are considered stronger buys by top-rated analysts.

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