Ally Financial Invests Heavily in Salesforce Amid Analyst Upside Predictions

Ally Financial Inc. has acquired a new position in Salesforce Inc.'s stock, valued at approximately $5,091,000.

The institutional investor acquired 32,500 shares of CRM's stock during the second quarter, according to the company's most recent 13F filing with the Securities and Exchange Commission (SEC).

Salesforce has been seeing positive sentiment from analysts, with Oppenheimer and other analysts predicting potential upside from the company's upcoming results.

The firm has a market capitalization of $171.33 billion, a P/E ratio of 24.21, and a beta of 1.16.