Altfest L J 13F: New $1.5M Stake in Salesforce (CRM)
Key Points
- Altfest L J's new stake in Salesforce amounts to 6,512 shares, representing a portfolio weight of 0.64%.
- Salesforce's stock recently traded around $240.87, which is about equal to its closing price of $240.89 on the filing date.
- The company's next earnings report is scheduled for December 2, 2026, and it has a market cap of approximately $203.8 billion.
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Altfest L J took a new position in Salesforce, Inc. (CRM), acquiring 6,512 shares valued at about $1.49 million in a filing on October 27, 2026. This information comes from the fund's latest Form 13F filing with the SEC.
CRM
Salesforce, Inc.
Where Salesforce Fits in Altfest L J's Portfolio
This new position accounts for 0.64% of Altfest L J's total reported 13F value of about $234.2 million. Salesforce ranks 22nd among the 318 positions in the fund's portfolio.
Other Institutional Activity in Salesforce
Several other funds have also adjusted their positions in Salesforce. Symphony Financial grew its holdings by 5,178 shares, ending with 10,434 shares worth about $2.4 million. E. Ohman J:or Asset Management added 120,108 shares, bringing its total to 309,252 shares valued at approximately $70.9 million. Meanwhile, AMF Tjanstepension reduced its stake by 920,415 shares, now holding 10,711 shares worth about $2.5 million.
Salesforce, Inc. Stock Down 3.1%
Salesforce's stock recently traded around $240.87, which is about equal to its closing price of $240.89 on the filing date. The shares are currently above their 200-day moving average by 21.3% but below the 52-week high of $269.11 by 10.5%.
Recent Earnings
In its most recent earnings report, Salesforce reported a trailing twelve-month revenue of approximately $43.9 billion, with a net margin of 22.0% and a return on equity of 19.4%. The next earnings report is scheduled for December 2, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
12 target cuts vs 0 raises.
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EPS & revenue
EPS beat estimates by 23.2%. Revenue met estimates.
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Profit surprise
EBITDA missed by 35 percent. Operating income missed by 35 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
12 target cuts.
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Earnings quality
Operating margin up 2.0 points. Positive free cash flow.
Earnings Call Summary
Salesforce delivered strong second quarter fiscal 2026 results with $10.25 billion in revenue, up 10 percent year over year. The company highlighted exceptional momentum in Agent Force and Data Cloud, with Data Cloud and AI products generating $1.2 billion in ARR up 120 percent. Net new bookings from deals over $1 million grew 26 percent, and the company closed major deals with Dell, Marriott, and the US Army. Management emphasized that the agentic enterprise transformation is driving customer success, with 40 percent of Agent Force and Data Cloud bookings coming from existing customers expanding their investments.
Guidance Salesforce raised the low end of full-year revenue guidance to approximately $41.1 billion to $41.3 billion, representing about 8.5 to 9 percent growth. The company also raised non-GAAP operating margin guidance by 10 basis points to 34.1 percent and raised operating cash flow growth guidance to 12 to 13 percent. For next quarter, revenue is expected to be $10.24 billion to $10.29 billion, up 8 to 9 percent year over year.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Insider Buying and Selling at Salesforce, Inc.
On September 18, 2026, Director David Blair Kirk bought 4,176 shares at an average price of $239.33, totaling about $999,451. Earlier, on September 4, 2026, Director Craig Conway sold 4,500 shares valued at approximately $1.17 million.
Analysts Set New Price Targets
On October 12, 2026, B of A Securities upgraded Salesforce to a Buy rating with a target price of $285. Additionally, DA Davidson maintained a Neutral rating with a target of $250 on October 21, 2026. The consensus among analysts is a Buy rating with a mean price target of $287.08.
About Salesforce, Inc.
Salesforce, Inc. provides customer relationship management technology services that connect companies with their customers. It operates in the United States, Europe, and the Asia Pacific, helping businesses enhance their customer engagements.
Bottom Line
Investors should keep an eye on Salesforce's upcoming earnings report on December 2, 2026, as well as any further filings from Altfest L J. This new position in Salesforce reflects the fund's confidence in the company's growth potential.
Related Filing Alerts
Source: Altfest L J's 13F filing on $CRM (Oct 27, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts