Silvant Capital Management LLC purchased a new stake in Salesforce Inc. (NYSE:CRM – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,100 shares of the CRM provider’s stock, valued at approximately $1,426,000.
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Several other large investors also recently added to or reduced their stakes in CRM. LaSalle St. Investment Advisors LLC bought a new stake in Salesforce during the second quarter worth approximately $276,000. Advisors Preferred LLC bought a new stake in shares of Salesforce in the 2nd quarter valued at approximately $1,977,000. Fairtree Asset Management Pty Ltd bought a new stake in shares of Salesforce in the 2nd quarter valued at approximately $3,152,000. Oxford Financial Group LTD. LLC purchased a new position in shares of Salesforce in the 2nd quarter worth approximately $493,000. Finally, Kilter Group LLC purchased a new position in shares of Salesforce in the 2nd quarter worth approximately $30,000. 80.43% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on CRM shares. Wells Fargo & Company raised their target price on shares of Salesforce from $200.00 to $205.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 12th. Weiss Ratings raised shares of Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Truist Financial cut Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Barclays raised Salesforce from an “overweight” rating to an “overweight” rating in a research note on Thursday, June 18th. Finally, Evercore reiterated an “outperform” rating on shares of Salesforce in a research note on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $249.87.
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