Rakuten Invests Heavily in Salesforce Amid Growing Interest

Rakuten Investment Management Inc. has acquired 132,625 shares of Salesforce's stock in its most recent filing with the Securities and Exchange Commission.

The value of these shares is approximately $20,945,000, indicating a significant investment in the CRM provider.

This purchase is not an isolated instance, as several other large investors have also recently added to or reduced their stakes in Salesforce.

Notable among these is Commonwealth Retirement Investments LLC, which bought a new position in Salesforce during the fourth quarter valued at $25,000.

Salesforce's stock price has been on an upward trajectory, with shares trading up 1.8% and reaching a market capitalization of $210.16 billion.