Stack Financial Management Inc. initiated a new position in Salesforce. The firm acquired 221,154 shares, valued at approximately $52.4 million. This investment accounts for 4.3% of its total holdings. It ranks as the firm's fifth-largest position.
Salesforce recently secured a $5.6 billion, 10-year contract with the U.S. Army. This positive development contrasts with recent insider selling. Insiders sold about 140,927 shares over the last quarter.