B.A. Schrock Wealth Management Inc. acquired a new position in shares of Salesforce Inc. (NYSE:CRM – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,532 shares of the CRM provider’s stock, valued at approximately $2,256,000.
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A number of other large investors have also bought and sold shares of CRM. Fluent Financial LLC acquired a new stake in Salesforce in the second quarter worth about $2,265,000. TAM Capital Management Inc. bought a new position in shares of Salesforce in the 1st quarter valued at about $40,945,000. Secured Retirement Advisors LLC bought a new stake in shares of Salesforce during the first quarter worth approximately $1,004,000. Janus Henderson Group PLC raised its stake in shares of Salesforce by 2.5% during the first quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock worth $23,846,000 after buying an additional 3,125 shares during the last quarter. Finally, Independent Franchise Partners LLP acquired a new position in Salesforce in the fourth quarter valued at approximately $142,521,000. 80.43% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the stock. Truist Financial reaffirmed a “buy” rating and issued a $300.00 price objective (up from $280.00) on shares of Salesforce in a research note on Thursday, August 27th. Morgan Stanley set a $315.00 target price on shares of Salesforce in a research report on Wednesday, September 2nd. Guggenheim increased their price target on Salesforce from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, September 17th. Wedbush assumed coverage on Salesforce in a research note on Wednesday, July 1st. They set an “outperform” rating for the company. Finally, Evercore assumed coverage on Salesforce in a report on Monday. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and a consensus target price of $278.12.
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