B. Riley Wealth Advisors Inc. increased its holdings in Salesforce Inc. (NYSE:CRM – Free Report) by 40.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,575 shares of the CRM provider’s stock after acquiring an additional 3,338 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Salesforce were worth $2,657,000 at the end of the most recent quarter.
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Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thor <a href="https://bitcomme.com/consumer-banking-and-investment-strength-offset-margin-pressures/” title=”Consumer Banking and Investment Strength Offset Margin Pressures”>Investment Management Inc. OH ADV boosted its stake in Salesforce by 0.7% during the 3rd quarter. Thor Investment Management Inc. OH ADV now owns 6,422 shares of the CRM provider’s stock worth $1,474,000 after purchasing an additional 45 shares during the period. Crumly & Associates Inc. grew its position in Salesforce by 1.5% during the 3rd quarter. Crumly & Associates Inc. now owns 3,396 shares of the CRM provider’s stock worth $780,000 after purchasing an additional 50 shares during the last quarter. HBW Advisory Services LLC increased its stake in Salesforce by 0.4% in the first quarter. HBW Advisory Services LLC now owns 13,098 shares of the CRM provider’s stock valued at $2,445,000 after purchasing an additional 57 shares during the period. Prentice Wealth Management LLC increased its stake in Salesforce by 1.8% in the first quarter. Prentice Wealth Management LLC now owns 3,274 shares of the CRM provider’s stock valued at $611,000 after purchasing an additional 58 shares during the period. Finally, Focused Wealth Management Inc increased its stake in Salesforce by 5.5% in the first quarter. Focused Wealth Management Inc now owns 1,126 shares of the CRM provider’s stock valued at $210,000 after purchasing an additional 59 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.
Salesforce Trading Down 0.9%
Shares of Salesforce stock opened at $235.95 on Thursday. Salesforce Inc. has a 52-week low of $146.32 and a 52-week high of $269.11. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The company’s 50-day simple moving average is $229.31 and its 200-day simple moving average is $194.02. The firm has a market cap of $194.19 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 1.08 and a beta of 1.26.
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