"Shares of Salesforce Inc. (NYSE: CRM) gained 4.89% over the past month after losing 1.14% the month prior. On the year, the stock is down 22.25%, and over the past year, CRM is in the red, down 12.49%. Amid that slump, the company's market cap has shrunk to $244.20 billion, with 1,342 institutional owners having decreased their positions. Still, the company has more than 82% institutional ownership and analysts' outlooks for the stock are encouraging."
"In June, CNBC reported that CEO Marc Benoiff said AI is now doing up to 50% of the workload at Salesforce, with the technology reaching about 93% accuracy. On May 27, it was announced that Salesforce is acquiring cloud data management company Informatica in an $8 billion deal. The company will be paying $25 per share of Informatica's Class A and Blass B-1 common stock."
Shares of Salesforce declined roughly 12.49% over the past year and 22.25% year-to-date, though the stock gained 4.89% in the past month after a prior 1.14% drop. Market capitalization stands near $244.20 billion with more than 82% institutional ownership and 1,342 institutional owners reducing positions. CEO Marc Benioff reported AI now performs up to 50% of workload with about 93% accuracy. Salesforce announced an $8 billion acquisition of Informatica at $25 per share and pledged a $1 billion investment in Singapore over five years to expand AI offerings like Agentforce. Salesforce remains the largest cloud-based CRM and SaaS provider.
Read at 24/7 Wall St.
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