Salesforce attracted more investor cash during Q3 despite one of its early critics cutting its stake

Sachem Head Capital Management increased its stake by 33% and Farallon Capital Management increased its holding by 30%.

Five activist investors pushed for changes in Salesforce, leading to cost cuts, share buybacks, and stronger earnings.

Mason Morfit from ValueAct Capital joined the board, silencing some critics.

Starboard Value, the first activist investor, further reduced its stake by 14%.

Other investors, including Light Street Capital Management and Polen Capital Management, also reduced their holdings.

Salesforce’s stock price has surged by 64% since January.

The stock closed at $221.18 on Tuesday.