Trivium Point Advisory LLC acquired a new stake in shares of Salesforce Inc. (NYSE:CRM – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,299 shares of the CRM provider’s stock, valued at approximately $1,457,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. N.E.W. Advisory Services LLC bought a new position in Salesforce in the second quarter worth about $66,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Salesforce during the second quarter valued at approximately $220,251,000. HBK Sorce Advisory LLC bought a new position in shares of Salesforce during the second quarter valued at approximately $1,297,000. Abbot Financial Management Inc. acquired a new stake in shares of Salesforce during the 2nd quarter worth approximately $504,000. Finally, Tulsa Wealth Advisors INC acquired a new stake in shares of Salesforce during the 2nd quarter worth approximately $721,000. Institutional investors and hedge funds own 80.43% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently issued reports on CRM shares. Roth Capital restated a “buy” rating and set a $325.00 price objective on shares of Salesforce in a research report on Thursday, May 28th. Needham & Company LLC reissued a “buy” rating on shares of Salesforce in a report on Tuesday, June 16th. Erste Group Bank raised shares of Salesforce from a “hold” rating to a “buy” rating in a report on Wednesday, August 5th. TD Cowen reiterated a “buy” rating on shares of Salesforce in a research report on Friday, June 12th. Finally, Piper Sandler downgraded shares of Salesforce from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $249.05.
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