5 Best Stocks to Buy for High Returns

4. Salesforce, Inc. (NYSE:CRM)

Q/Q Sales Growth: 14%

Number of Hedge Fund Holders in Q4 2022: 117

Salesforce, Inc. (NYSE:CRM) is a software company headquartered in San Francisco, California. The firm enables other companies to navigate their customer relationships, generate insights, and run analytics.

Salesforce, Inc. (NYSE:CRM)’s third fiscal quarter which ended in October 2022 enabled it to earn $7.8 billion in revenue for a 14% annual growth. This growth was hampered by a strong U.S. dollar, as its overseas earnings saw less dollar income. The company explained that in constant currency terms, the results would have marked a 19% annual growth. 117 of the 943 hedge funds polled by Insider Monkey during last year’s fourth quarter had bought the firms’ shares.

Salesforce, Inc. (NYSE:CRM)’s largest investor in our database is Ken Fisher’s Fisher Asset Management which owns 13.8 million shares that are worth $1.8 billion.

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