Billionaire Paul Singer’s Recent Activist Targets and 5 Top Stock Picks

3. Salesforce, Inc. (NYSE:CRM)

Long-Term Returns since Singer’s Investment: 74%
S&P 500 Gains since Singer’s Investment: 17.5%

Salesforce, Inc. (NYSE:CRM) is a technology company that provides customer relations management technology that connects companies and customers. Salesforce, Inc. (NYSE:CRM) offers solutions that allow companies to store data, monitor leads and gain insights through analytics and relationship intelligence. 

Salesforce, Inc. (NYSE:CRM) has been the subject of activist campaigns led by Starboard Value over concerns that it has failed to convert its market-leading position into juicy returns for shareholders. Early in the year, Elliott Management acquired stakes in Salesforce, Inc. (NYSE:CRM), joining Starboard in an activist campaign to restructure the company to reinvigorate its prospects. What followed was the company announcing a round of layoffs targeting 10% of the workforce as it sought to bolster its margins.

Since the activist’s campaigns commenced, Salesforce, Inc. (NYSE:CRM) stock has rallied by about 74%, outperforming the S&P 500, which is up by about 17%.

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