Asset One Wealth Management LLC acquired a new stake in Salesforce Inc. (NYSE:CRM – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,653 shares of the CRM provider’s stock, valued at approximately $944,000.
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Other large investors also recently bought and sold shares of the company. Fred Alger Management LLC increased its position in shares of Salesforce by 0.3% during the third quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock valued at $3,548,000 after acquiring an additional 45 shares during the last quarter. Synergy Financial Group LTD lifted its holdings in shares of Salesforce by 2.4% in the 3rd quarter. Synergy Financial Group LTD now owns 2,035 shares of the CRM provider’s stock worth $482,000 after acquiring an additional 48 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Salesforce by 35.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 199 shares of the CRM provider’s stock worth $53,000 after acquiring an additional 52 shares during the last quarter. Krane Funds Advisors LLC lifted its holdings in shares of Salesforce by 0.7% in the 4th quarter. Krane Funds Advisors LLC now owns 8,254 shares of the CRM provider’s stock worth $2,187,000 after acquiring an additional 57 shares during the last quarter. Finally, HBW Advisory Services LLC boosted its position in shares of Salesforce by 0.4% during the 1st quarter. HBW Advisory Services LLC now owns 13,098 shares of the CRM provider’s stock worth $2,445,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on CRM shares. Piper Sandler downgraded shares of Salesforce from an “overweight” rating to a “neutral” rating in a report on Thursday, May 28th. Wolfe Research cut Salesforce from an “outperform” rating to a “hold” rating in a research note on Wednesday, July 1st. Sanford C. Bernstein lowered their price target on Salesforce from $194.00 to $173.00 and set an “underperform” rating for the company in a research report on Thursday, May 28th. Oppenheimer reaffirmed an “outperform” rating on shares of Salesforce in a research note on Thursday. Finally, Wall Street Zen downgraded Salesforce from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus target price of $249.87.
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