Blodgett Wealth Advisors Buys into Salesforce

Blodgett Wealth Advisors LLC acquired approximately 3,030 shares of Salesforce's stock in the second quarter, valued at $475,000. This is according to the company's most recent Form 13F filing with the Securities and Exchange Commission (SEC).

The firm is not alone in purchasing Salesforce shares; several other hedge funds have also bought and sold CRM.

For example, Brighton Jones LLC increased its position in Salesforce by 13.7% during the fourth quarter and now owns 25,668 shares valued at $8,582,000 after acquiring an additional 3,102 shares.

Salesforce reported adjusted earnings of $5.90 per share, beating analyst consensus estimates of $3.27, and revenue increased 10.8% year over year to $11.35 billion, narrowly exceeding expectations.