Texas Capital Bank Wealth Management Services Inc bought a new stake in shares of Salesforce Inc. (NYSE:CRM – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,189 shares of the CRM provider’s stock, valued at approximately $500,000.
Several other institutional investors also recently bought and sold shares of the company. Commonwealth Retirement Investments LLC acquired a new stake in shares of Salesforce during the fourth quarter worth about $25,000. Gilpin Wealth Management LLC acquired a new position in shares of Salesforce in the fourth quarter valued at approximately $26,000. Persistent Asset Partners Ltd acquired a new position in shares of Salesforce in the second quarter valued at approximately $27,000. Costello Asset Management INC increased its stake in Salesforce by 410.3% during the 1st quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock worth $28,000 after buying an additional 119 shares during the period. Finally, Birchwood Financial Partners Inc. purchased a new stake in Salesforce during the 4th quarter worth approximately $28,000. 80.43% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. KeyCorp lowered shares of Salesforce from an “overweight” rating to a “sector weight” rating in a report on Wednesday, July 8th. Citizens Jmp restated a “market outperform” rating and issued a $315.00 price target on shares of Salesforce in a research note on Thursday, May 28th. Wolfe Research lowered Salesforce from an “outperform” rating to a “hold” rating in a research report on Wednesday, July 1st. Phillip Securities cut Salesforce from a “buy” rating to a “hold” rating and reduced their price objective for the company from $253.00 to $166.00 in a research note on Monday, June 29th. Finally, HC Wainwright lowered Salesforce to a “negative” rating in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $249.05.
Ad Brownstone Research
Forget SpaceX, Elon Is Now Powering the Next Hot IPO
Elon Musk is backing a new AI startup that’s quietly growing faster than Tesla, SpaceX, and reportedly 23 times faster than NvidiannThe company recently filed paperwork for what could become the next major IPO on Wall Street. Investors can explore how to claim a pre-IPO stake for as little as $50 before shares go public.
See the startup’s name and pre-IPO details now
