William Blair Investment Management LLC reduced its stake in Salesforce Inc. (NYSE:CRM) by 25.1% in the third quarter, selling 190,400 shares, but still holds 568,366 shares valued at $134.7 million. Salesforce reported strong Q4 earnings, surpassing estimates with non-GAAP EPS of $3.81, and announced a dividend increase and a $50 billion share buyback program. Despite positive earnings and buyback news, some analysts have cut price targets due to investor skepticism about near-term guidance and the long-term impact of AI on SaaS economics.
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William Blair Investment Management LLC Sells 190,400 Shares of Salesforce Inc. $CRM
William Blair Investment Management LLC reduced its stake in Salesforce Inc. (NYSE:CRM) by 25.1% in the third quarter, selling 190,400 shares, but still holds 568,366 shares valued at $134.7 million. Salesforce reported strong Q4 earnings, surpassing estimates with non-GAAP EPS of $3.81, and announced a dividend increase and a $50 billion share buyback program. Despite positive earnings and buyback news, some analysts have cut price targets due to investor skepticism about near-term guidance and the long-term impact of AI on SaaS economics.