Korea Investment CORP Scoops Up $83 Million Stake in Salesforce

Korea Investment CORP has acquired a significant stake in Salesforce Inc., buying 531,527 shares of its stock for approximately $83.27 million.

This acquisition is part of a broader trend of institutional investors increasing their holdings in Salesforce, with other notable investors including Fred Alger Management LLC and Synergy Financial Group LTD.

The CRM provider has seen significant growth in recent quarters, with revenue up 13.3% year-over-year to $11.13 billion in the latest quarter.