This afternoon we watched Salesforce rise 4.8% to a price of $242.95 per share. The Large-Cap Software company is now trading -17.93% below its average target price of $296.04. Analysts have set target prices ranging from $230.0 to $390.0 per share for Salesforce, and have given the stock an average rating of buy.
Salesforce's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.0%. The stock's short ratio is 1.9. The company's insiders own 2.6% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 83.2%. In conclusion, we believe there is positive market sentiment regarding Salesforce.
Institutions Invested in Salesforce
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 9% | 84,635,254 | $20,562,134,701 |
| 2024-03-31 | Blackrock Inc. | 7% | 72,465,977 | $17,605,608,891 |
| 2024-03-31 | State Street Corporation | 5% | 47,039,941 | $11,428,353,522 |
| 2024-03-31 | FMR, LLC | 4% | 36,891,791 | $8,962,860,510 |
| 2024-03-31 | Morgan Stanley | 2% | 19,990,916 | $4,856,792,981 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 19,012,516 | $4,619,090,704 |
| 2024-03-31 | JP Morgan Chase & Company | 2% | 18,684,706 | $4,539,449,265 |
| 2024-03-31 | Capital World Investors | 2% | 15,207,188 | $3,694,586,278 |
| 2024-03-31 | Capital Research Global Investors | 1% | 14,376,536 | $3,492,779,377 |
| 2024-03-31 | Capital International Investors | 1% | 14,116,449 | $3,429,591,241 |
