Ausdal Financial Partners Takes New Stake in Salesforce Amid Strong Q2 Performance
Ausdal Financial Partners Inc., an institutional investor, has taken a new position in shares of Salesforce Inc. (NYSE:CRM) during the second quarter.
According to its most recent disclosure with the Securities & Exchange Commission, Ausdal Financial Partners Inc. bought approximately 4,170 shares of Salesforce's stock, valued at around $653,000.
This is not the only instance of increased investment in Salesforce by institutional investors and hedge funds. Other notable buys include Brighton Jones LLC, which raised its position in Salesforce by 13.7% in the fourth quarter; Revolve Wealth Partners LLC, which boosted its holdings in Salesforce by 12.6% during the same period; Bison Wealth LLC, which grew its stake in Salesforce by 9.0%; and Sivia Capital Partners LLC, which also increased its investment in Salesforce.
These investments are likely driven by Salesforce's strong quarterly performance, with adjusted EPS of $5.90 beating consensus estimates and revenue rising 10.8% year over year to $11.35 billion.