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Salesforce's stock rises 7.5% as major investors increase holdings, despite CEO's stock sale.
Alliance Wealth Advisors and Element Capital Management have increased their holdings in Salesforce, with Salesforce's stock rising 7.5% in the last quarter despite a recent dip.
The company beat earnings estimates with $2.58 EPS and reported $9.83 billion in revenue.
CEO Marc Benioff sold $527,940 worth of shares, and the stock has a "Moderate Buy" rating with a $347.50 price target.
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Las acciones de Salesforce suben un 7.5% a medida que los principales inversores aumentan sus tenencias, a pesar de la venta de acciones del CEO.