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Lone Peak Global Investors Doubles Down on Salesforce

Guavy AI Editorial Team
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CRM
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Lone Peak Global Investors LLC recently acquired a new position in Salesforce Inc. (NYSE:CRM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

The firm purchased 113,078 shares of CRM's stock, valued at approximately $17,715,000, making it the company's 24th largest position, accounting for around 2.4% of Lone Peak Global Investors LLC's portfolio.

This is not an isolated incident, as other institutional investors have also increased their stakes in Salesforce during the same quarter.

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