Odyssean LLC Acquires Shares of Salesforce Worth Over $2.8 Million

Odyssean LLC has purchased shares of Salesforce Inc. (NYSE:CRM) worth approximately $2,807,000.

The institutional investor bought a new position in shares of CRM during the second quarter, according to its most recent filing with the Securities and Exchange Commission.

This acquisition is part of a larger trend, as other institutional investors have also recently made changes to their positions in Salesforce. Commonwealth Retirement Investments LLC and Manning & Napier Advisors LLC purchased new positions in the company during the fourth and second quarters, respectively.

The market reaction to this news has been mixed. Analysts continue to see upside in CRM stock, with targets ranging from $225 to $315 per share. However, Jefferies expects an in-line fiscal second quarter, which may temper investor enthusiasm.