SalesForce Stock Last year we predicted the arrival of the first US recession since 2009 and we told in advance that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. In this article, we will take a closer look at hedge fund sentiment towards salesforce.com, inc. (NYSE:CRM).
salesforce.com, inc. (NYSE:CRM) investors should pay attention to a decrease in support from the world’s most elite money managers recently. salesforce.com, inc. (NYSE:CRM) was in 91 hedge funds’ portfolios at the end of the first quarter of 2021.
The all time high for this statistic is 117. There were 97 hedge funds in our database with CRM SalesForce Stock holdings at the end of December. Our calculations also showed that CRM ranked #28 among the 30 most popular stocks among hedge funds (click for Q1 rankings).
In today’s marketplace there are tons of tools stock market investors have at their SalesForce Stock disposal to size up their holdings. Two of the most under-the-radar tools are hedge fund and insider trading moves. We have shown that, historically, those who follow the best picks of the elite fund managers can trounce their index-focused peers by a solid margin (see the details here).
Also, our monthly newsletter’s portfolio of long stock picks returned 206.8% since March 2017 (through May 2021) and beat the SalesForce Stock S&P 500 Index by more than 115 percentage points. You can download a sample issue of this newsletter on our website .
Peter Rathjens of Arrowstreet Capital
At Insider Monkey SalesForce stock, we scour multiple sources to uncover the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock.
We go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a SalesForce Stock 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Now let’s take a glance at the new hedge fund action encompassing salesforce.com, inc. (NYSE:CRM).
