Starboard Value increased its stake in Salesforce (CRM, Financials) by almost 50% in the second quarter, according to a regulatory filing Thursday. The activist investor held 1.3 million shares as of June 30, up from 849,679 at the end of the first quarter, when it boosted its stake by 52%.
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The move comes as Salesforce shares have fallen nearly 30% this year and about 9% over the past 12 months. Starboard was among several investors that pushed for operational changes at the company in late 2022 and early 2023, but most reduced or exited positions by mid-2023 after Salesforce reported stronger results, added a board member and made other changes.
Starboard, known for revisiting past investments if it sees performance backsliding, has argued Salesforce could become more efficient and profitable.
This article first appeared on GuruFocus.
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Starboard Value Boosts Salesforce Stake Nearly 50%
Published 2 months ago
Aug 15, 2025 at 9:51 PM
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