Jeff Ubben’s Inclusive Capital has taken a stake in Salesforce, which has also garnered attention from activist investors Elliott Management and Starboard Value, CNBC’s David Faber reports, citing sources. It’s not yet clear what the impact of the position will be and it follows a recent multibillion dollar investment by Elliott as well as the acquisition of an undisclosed stake by Starboard in October. Reference Link
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on CRM:
- AAPL, MSFT Revealed as Top Picks by Wedbush
- Unusually active option classes on open January 23rd
- Salesforce price target lowered to $190 from $200 at Deutsche Bank
- Activist Investor Elliott Lays Eyes on Salesforce (NYSE:CRM)
- Activist investor Elliott Management takes big stake in Salesforce, WSJ says