Franklin Street Advisors Dumps Salesforce Shares as AI Competition Heats Up

Franklin Street Advisors disclosed in a Thursday regulatory filing that it sold Salesforce shares in an estimated $19.6 million transaction during the third quarter.According to a Securities and Exchange Commission filing released Thursday, Franklin Street Advisors sold 77,826 shares of Salesforce (NYSE:CRM) in the third quarter. The estimated transaction value was $19.6 million based on the average share price for the period ended September 30. Following the sale, the fund held 1,924 shares, with a reported value of $455,988 at quarter's end.The sale reduced the Salesforce stake to just 0.03% of Franklin Street Advisors’ 13F reportable assets under management as of September 30.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool