Shares of the leading CRM solutions provider, Salesforce (NYSE:CRM), are up about 39% over the past year, outperforming the S&P 500’s (SPX) nearly 23% gain. The company’s focus on restructuring its operations, driving productivity, and delivering profitable growth supported this uptrend. As CRM sees solid growth in deals greater than $10 million and is well-positioned to expand margins, it’s the right time to delve into its ownership structure.
Now, according to TipRanks’ ownership page, public companies and individual investors own 52.64% of CRM. They are followed by mutual funds, other institutional investors, and insiders at 24.81%, 19.11%, and 3.44%, respectively.
Digging Deeper into Salesforce’s Ownership Structure
Looking closely at institutions (Mutual Funds and Other Institutional Investors), Vanguard owns a 7.64% stake in CRM stock. Next up is Vanguard Index Funds, which holds a 6.42% stake in the company.
Among the institutions, the Hedge Fund Confidence Signal is Very Positive on CRM stock based on the activity of 54 hedge funds. Hedge funds increased their CRM holdings by 1.6M shares in the last quarter.
On the contrary, individual investors have a Negative view of the company, given that in the last 30 days, the number of portfolios (tracked by TipRanks) holding CRM stock decreased by 1.8%. Overall, among the 727,813 portfolios monitored by TipRanks, 1.7% have invested in Salesforce stock.
What Is the Future of CRM Stock?
Wall Street is cautiously optimistic about CRM stock. Salesforce stock has a Moderate Buy consensus rating based on 28 Buys and 10 Hold recommendations. Analysts’ average CRM stock price target is $338.06, implying 23.88% upside potential from current levels.
Conclusion
TipRanks’ Ownership tool provides CRM ownership structure by category, enabling investors to make well-informed investing decisions.
For a thorough assessment of CRM stock, go to TipRanks’ Stock Analysis page.
