Waverly Advisors Sells Stake in Salesforce Amid Bullish Outlook

Waverly Advisors LLC reduced its position in Salesforce Inc. (NYSE:CRM - Free Report) by 4.2% in the second quarter, according to a recent filing with the Securities and Exchange Commission.

The institutional investor owned 134,727 shares of the CRM provider's stock after selling 5,932 shares during the period.

Waverly Advisors LLC's holdings in Salesforce were worth $21,106,000 as of its most recent SEC filing. The company has a market cap of $204.95 billion and a price-to-earnings ratio of 22.70.

Salesforce last issued its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, topping analysts' consensus estimates of $3.27 by $2.63. The firm had revenue of $11.35 billion during the quarter.