5 Remote Work Stocks to Buy Now

2. Salesforce.com, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 119 

Salesforce.com, Inc. (NYSE:CRM) is a California-based firm that markets cloud computing solutions. In July, the firm completed the purchase of Slack, one of the most famous workplace communication platforms across the world. 

Jefferies analyst Brent Thill recently maintained a Buy rating on Salesforce.com, Inc. (NYSE:CRM) stock and raised the price target to $360 from $325, backing the firm to smash market estimates on earnings for the third quarter. 

Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Salesforce.com, Inc. (NYSE:CRM) with 13.9 million shares worth more than $3.7 billion.

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Salesforce.com, Inc. (NYSE:CRM) was one of them. Here is what the fund said:

“We added to our software-as-a-service (SaaS) exposure with the initiation of SaaS leader salesforce.com, which develops software for customer relationship management (we added Workday, which enterprise resource planning applications, last quarter). Saleforce.com is well-positioned in the most attractive end markets in software and will benefit from secular drivers such as remote work and the digital transformation. Salesforce.com is a sustainability leader as well, with a commitment to carbon-neutral cloud, toward which it has set a goal of 100% renewable energy for global operations by fiscal year 2022. The company has a strong focus on equality, in terms of equal rights, pay, education and opportunity. As a data company it has been leading on workforce disclosures and seeks to have 50% of its U.S. workforce made up of underrepresented groups by 2024.”