5 Best Video Conferencing Stocks to Invest In

4. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 122

One of the biggest providers of enterprise resource planning systems, Salesforce, Inc. (NYSE:CRM) was founded in 1999 and ranks 4th in our list of best video conferencing stocks to invest in. With a market capitalization of $200 billion, Salesforce, Inc. (NYSE:CRM)’s Slack video conferencing tool is one of the most widely adopted virtual meetup channels globally. Founded in 2013, Slack has roughly 8 million workflows per week, up 71% from a year before, according to Salesforce, Inc. (NYSE:CRM)’s Chief Operating Officer Brian Millham in Q2 earnings call.

Insider Monkey took a look at 910 hedge funds portfolios for Q2 2023 investments and found out that 122 had a stake in Salesforce, Inc. (NYSE:CRM). The largest shareholder was Harris Associates which owned 5.1 million shares of Salesforce, Inc. (NYSE:CRM) that are valued at $1.1 billion.