Lanark Financial 13F: Cuts Salesforce (CRM) Stake by $960K
Key Points
- Lanark Financial's stake in Salesforce decreased by 4,184 shares, valued at approximately $960,391, as of its latest filing.
- Salesforce shares recently traded around $247.55, slightly below the $247.61 closing price on the filing date.
- The fund now holds 1,629 shares of Salesforce, representing 0.14% of its total reported value of $273.3 million.
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On October 26, 2026, Lanark Financial reduced its position in Salesforce, Inc. (CRM) by 4,184 shares, bringing its total to 1,629 shares. This move was disclosed in the fund's latest Form 13F filing with the SEC, showing a total value of approximately $373,919 for its Salesforce stake.
CRM
Salesforce, Inc.
Where Salesforce Fits in Lanark Financial's Portfolio
Lanark Financial's stake in Salesforce represents 0.14% of its total reported value of $273.3 million.
Other Institutional Activity in Salesforce
Several funds also adjusted their positions in Salesforce. Mondrian Investment Partners cut its stake by 309,708 shares, leaving it with 354,837 shares valued at about $81.5 million. Evergreen Capital Management reduced its holdings by 18,144 shares, now holding 51,569 shares worth approximately $11.9 million. Meanwhile, Symphony Financial increased its position by 5,178 shares, totaling 10,434 shares valued at about $2.4 million.
Salesforce, Inc. Stock Down 0.4%
Salesforce shares recently traded around $247.55, which is about equal to the closing price of $247.61 on October 26, 2026. The stock is currently above its 50-day moving average by 4.9% and significantly above its 52-week low of $146.32, but still 8% below its 52-week high of $269.11.
Recent Earnings
For the trailing twelve months, Salesforce reported revenue of approximately $43.9 billion and an EPS of $10.93. The company has a net margin of 22.0% and a return on equity of 19.4%. The next earnings report is set 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.
Dividend
Salesforce pays an annual dividend of $1.76 per share, which gives it a yield of 0.71%. The dividend payout ratio stands at 15.7%, indicating a sustainable distribution of profits to shareholders.
Analysts Set New Price Targets
On October 12, 2026, B of A Securities upgraded Salesforce to a Buy rating with a target price of $285.00. Additionally, on October 21, 2026, DA Davidson maintained a Neutral rating with a target of $250.00, while Cantor Fitzgerald reiterated its Overweight rating with a target of $300.00. The consensus recommendation for Salesforce is a buy, with a mean target price of approximately $287.08 from 53 analysts.
About Salesforce, Inc.
Salesforce, Inc. provides customer relationship management technology services, connecting businesses with their customers. The company's offerings are vital in the technology sector, particularly within software applications, and its recent performance reflects ongoing growth in customer engagement solutions.
Bottom Line
Investors should watch for Salesforce's upcoming earnings report on December 2, 2026, to assess its continued performance in the software market. Lanark Financial's reduction in shares is part of a broader trend among institutional investors adjusting their positions in Salesforce.
Related Filing Alerts
Source: Lanark Financial's 13F filing on $CRM (Oct 26, 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