ValueAct increases Salesforce stake to nearly $1 billion, sending shares up

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ValueAct increases Salesforce stake to nearly $1 billion, sending shares up
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Mason Morfit disclosed the $100 million trade in a regulatory filing, upping his stake in Marc Benioff’s software giant shortly after a challenging…

ValueAct has increased its stake in Salesforce to around 3.9 million shares worth $1 billion, via a $100 million trade earlier this week.

Morfit has a reputation as a constructive board member and has been a Salesforce director since 2023, joining as the company contended with several other activists.

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