Global Retirement Partners LLC purchased a new position in shares of <a href="https://bitcomme.com/omc-financial-services-ltd-acquires-shares-of-9935-salesforce-inc-crm/” title=”OMC Financial Services LTD Acquires Shares of 9,935 Salesforce Inc. $CRM”>Salesforce Inc. (NYSE:CRM – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 17,943 shares of the CRM provider’s stock, valued at approximately $2,811,000.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its stake in shares of Salesforce by 13.7% during the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after buying an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after acquiring an additional 205 shares during the last quarter. Bison Wealth LLC grew its stake in Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after acquiring an additional 184 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in Salesforce by 3.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider’s stock valued at $807,000 after acquiring an additional 106 shares in the last quarter. Finally, United Bank increased its holdings in Salesforce by 5.2% during the 2nd quarter. United Bank now owns 10,198 shares of the CRM provider’s stock valued at $2,781,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.
Analyst Ratings Changes
Several analysts have issued reports on the stock. Truist Financial downgraded shares of Salesforce from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Scotiabank cut shares of Salesforce from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, June 18th. Susquehanna initiated coverage on Salesforce in a research report on Wednesday, July 1st. They set a “neutral” rating for the company. Macquarie Infrastructure reduced their target price on Salesforce from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, May 28th. Finally, Daiwa Securities Group lowered their target price on Salesforce from $295.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Salesforce has a consensus rating of “Moderate Buy” and a consensus target price of $249.05.
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