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Activist Investor Increases Stake in Salesforce – Insider Weekends

  • June 9, 2024

Salesforce Inc (CRM): $241.85

Market Cap:$234.35B

Enterprise Value:$230.07B

Key Insights:

  • We were shocked to see Salesforce make the top of our list of insider purchases this week, especially considering that we so frequently see insiders of the company sell shares.
  • Salesforce’s stock has dropped over the last few months as growth has slowed and results weren’t quite up to expectations. The stock remains fairly expensive despite the recent drop.
  • The insider purchasing shares of the company this week was Director Mason Morfit, co-CEO of the activist investment firm ValueAct Capital, which was largely responsible for transforming Microsoft following a decade-long slump.

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