Here’s What Makes Salesforce (CRM) A Compelling Investment

Vulcan Value Partners, an investment management firm, published its “Large Cap, Small Cap, Focus Composite, Focus Plus Composite, and All Cap Composite” third quarter 2021 investor letter – a copy of which can be downloaded here. Vulcan’s Large Cap Composite Fund delivered a 0.1% net return for the third quarter of 2021, 11.8% for the Small Cap, -0.9% for the Focus  Composite Fund, -0.9% return was delivered by the Focus Plus Composite Fund,  and 3.4% was gained by the All Cap Composite Fund for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Vulcan Value Partners, in its Q3 2021 investor letter, mentioned salesforce.com, inc. (NYSE: CRM) and discussed its stance on the firm. salesforce.com, inc. is a San Francisco, California-based software company with a $278 billion market capitalization. CRM delivered a 27.72% return since the beginning of the year, while its 12-month returns are up by 15.15%. The stock closed at $284.21 per share on November 26, 2021.

Here is what Vulcan Value Partners has to say about salesforce.com, inc.  in its Q3 2021 investor letter:

“Salesforce.com Inc., a material contributor for the quarter, is the dominant provider of customer relationship management (CRM) software and technology. Salesforce has high retention rates, pricing power, a large and growing addressable market, high free cash flow, and a competitive moat. The company continues to execute well, and we believe the global pandemic has only improved its prospects and future returns.”

Photo by Austin Distel on Unsplash

Based on our calculations, salesforce.com, inc. (NYSE: CRM) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. CRM was in 119 hedge fund portfolios at the end of the third quarter of 2021, compared to 108 funds in the previous quarter. salesforce.com, inc. (NYSE: CRM) delivered a 6.13% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.