Financial Firm Bets Big on CRM with New Stake Purchase

Butensky & Cohen Financial Security Inc., a financial security firm, has acquired a new stake in Salesforce Inc. (NYSE:CRM) during the second quarter of this year.

The company purchased approximately 18,776 shares of CRM's stock, valued at about $2,941,000, according to its recent SEC filing.

This is not an isolated instance, as other institutional investors and hedge funds have also been buying or increasing their stakes in Salesforce during the same period.