Salesforce reported strong Q3 earnings and dividend, but faced mixed investor activity and insider selling.

Salesforce saw mixed activity among institutional investors in the third quarter, with OneAscent Financial Services reducing its holdings by 45.7% while others like Avior Wealth Management and New Millennium Group increased their stakes. The company reported better-than-expected Q3 earnings and a quarterly dividend of $0.40 per share. Salesforce's market cap is around $308 billion, with analysts giving it a "Moderate Buy" rating and a consensus target price of $325.36. Insiders have been selling shares, with COO Brian Millham and CAO Sundeep Reddy among those who sold a significant amount.

November 19, 2024
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