Perigon Wealth Buys into Salesforce for $5.7 Million
Perigon Wealth Management LLC has acquired shares of Salesforce Inc. (NYSE:CRM) in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 36,566 shares of the CRM provider's stock, valued at approximately $5,728,000 during the second quarter.
Perigon Wealth Management LLC bought this new position in Salesforce Inc., which is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce, and analytics through a unified, cloud-first platform.
Salesforce Inc. last issued its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping the consensus estimate of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%. The firm had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.05 billion.